About Anonymous Internet Banking
Anonymous Internet banking is often a service provided by international banks. As online banking has become an expected basic component of any bank, offshore anonymous banks have taken to offering online services as well. Although there are many legitimate anonymous banks, many are unfortunately scams. Protect yourself from online fraud and only deal with established online banks.
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History
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Established anonymous banking began in 1934, when the Swiss Bank Act in Switzerland allowed for the banks there to create numbered accounts without names attached to them. Over the years, many people have used such accounts to protect assets, avoid creditors, reduce tax burden and secure money from one source to another without having either of them meet. The Internet age has created more opportunities for online anonymous banking, with high-strength data encryption and instantaneous transfers.
Function
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Financial institutions headquartered in the United States are forbidden from offering anonymous banking. As such, any online bank will be located internationally and will not be FDIC insured. This doesn't mean that foreign banks are particularly more risky--there are benefits and dangers involved in using them. It is illegal to evade American taxation. If you are uncertain about the legality of using a foreign anonymous bank for certain services, consult with an attorney or accountant. A specialized law firm, like Offshore Legal, can help you learn more about anonymous banking while staying inside the law.
Warning
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Online anonymous banks without contact information including email, phone and a physical address are almost certainly scams. If you are planning on performing a risky transaction, like opening an online anonymous bank account, be sure that you can speak to an agent on the phone. That alone won't protect you from being defrauded, but it will help to make a difference. Do not make a large deposit until you verify the legitimacy of the bank. If you notice savings account or certificate of deposit rates that seem unrealistically high compared to other banks, it may indicate that it's an illegitimate operation.
Potential
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The best way to approach online anonymous banking is to go through an already established conventional bank. The physical presence of a bank from a country like Panama or the Cayman Islands will help to assure you that it isn't a flash in the pan scam. Many banks will require you to actually fly out to their physical location to open an account. This provides greater security, and most established anonymous banks allow you to handle your money from a secure connection anywhere in the world.
Benefits
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Anonymous banking protects your assets from being monitored or discovered by others. Other services that many secret banks allow include anonymous bank drops, numbered accounts and other unique benefits not offered by conventional banks. The savings in terms of taxation reduction and the control it gives you over how you repay your creditors can be considerable.
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- Photo Credit Imamon, Flickr
