How to Protect Your Privacy with an Offshore Debit Card
The highest amount of spending privacy available is obtained through using offshore debit cards. They are also much more convenient that carrying a lot of cash.
The highest amount of spending anonymity available is obtained through using offshore debit cards. While still having the convenience of a debit card as opposed to carrying boat loads of cash.
But, they have to be utilized the correct way, and they have to be the right cards. Its not enough to just pick up a card from abroad and have it provide the ultimate in anonymity. This article will help you have a better understanding of what to look for in a card. And how best to utilize them.
I am often asked why an individual who is not doing anything illegal would want to have banking and spending privacy. Many people also wonder if they are legal. To this, I always respond "Why wouldn't you want privacy"? And for the second, yes, offshore debit cards are perfectly legal.
Different individuals or businesses have many different legal reasons for utilizing offshore debit cards. I will do that in a different article, it is outside of the scope of this one. Just know, that they are very successful tools in protecting your anonymity.
There is a little more involved than just obtaining the debit card. There are a couple of things you need to be aware of.
The jurisdiction where the card is issued makes a difference. Some countries provide bank privacy by law. A bank in a jurisdiction without these laws is not going to help you much.
You need to know that you are opening up your offshore bank account in a country with strong banking privacy laws. These strong privacy laws prevent banks from giving over your information, unless you have done something illegal.
Its important to use it only in the right locations. ATM's are not completely anoymous. Even if the card itself is. Everytime you put a card in a machine, you are on camera. The tape of your encounter is being held on to.
If someone is looking hard enough for you, they are going to check the ATMs close to your home and work place. Its easy to find out the time and amount of your transaction, if you are seen on the video.
By using ATM machines far away from where you live or work, you are eliminating this problem.
You have to make sure that you can get access to your money when you need it. Your limits on transactions also needs to be known in advance. If you need to hop onto a quick flight to get away from an attacker, or for an important business meeting, a $400 limit isn't going to help you much.
Be aware that not all banks are created equal. Some are not trust worthy or are located in a jurisdiction that is blocked from the US.
When you require protection of your identity when making a purchase, offshore debit cards can provide that privacy, legally. Just make sure that you do your research on the right account to open or type to purchase.
If you use these cards for anything illegal, your privacy is taken away. Which proves that they are not just tools for criminals. Offshore debit cards exist to be utilized by law abiding citizens wanting to protect their privacy. Basically, anyone who feels that it is their own business what they do, as long as they don't break the law.
Like any financial instrument, offshore debit cards are just a tool.
Make sure you do your research. Follow up, by asking and reading everything you can about offshore bank accounts, offshore corporations and other structures and offshore banking. This way you can find the level of protection that is right for you.
Privacy needs to be mantained to protect your assets and your family. Privacy, however is dissolving faster every day. You can let that privacy fade completely, or you can do something to protect it. A strong tool for your privacy protection can be offshore debit cards.
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ABOUT THE AUTHOR
Next, learn everything you can about offshore debit cards with a free subscription to Freedom Offshore Magazine, by clicking here: http://www.freedomoffshorenow.com. Glen Kowalski founded Freedom Offshore Magazine to teach anyone interested how to live and work abroad, open location independent businesses, open offshore bank accounts and more.