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Open an Offshore Bank Account with East West Bank

East-West Bank is a reputable and top-performing commercial bank with a key focus on the Greater China and U.S. markets. Founded in 1994, the bank is among the premier financial bridges between the east and west. It is the primary subsidiary of East West Bancorp Inc., established in 1973 to serve the Chinese American community in Southern California. With over 47 years of experience and $52.2 billion worth of worldwide assets, East-West Banking Corporation is one of the 30 largest banks in the United States.

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East-West Bank is a reputable and top-performing commercial bank with a key focus on the Greater China and U.S. markets. Founded in 1994, the bank is among the premier financial bridges between the east and west. It is the primary subsidiary of East West Bancorp Inc., established in 1973 to serve the Chinese American community in Southern California. With over 47 years of experience and $52.2 billion worth of worldwide assets, East-West Banking Corporation is one of the 30 largest banks in the United States.

 

Additionally, East West Bank consists of over 400 physical stores globally and specializes in offering various banking services, including offshore banking accounts. Its offshore account services are perfect for global companies whose business activities and ownership lie in offshore jurisdictions/nationalities, like Belize, Seychelles, the Cayman Islands, Singapore, Hong Kong, and the British Virgin Islands, among many others.

 

By opening an offshore bank account with East West Bank, global corporations can make international transfers without any hassle while breaking all geographical barriers. As such, let us look into everything you need to know about opening an offshore bank account with East West Bank.

 

Benefits of Setting up an East-West Bank Account

Once you register for an offshore bank account with East West Bank, you instantly have access to its wide array of services. Some of the benefits associated with East West Bank Offshore bank accounts include:

 

·A safe and confidential environment to conduct business transactions

 

·A reliable banking and credit system

·Excellent communication channels for offshore bank account holders

 

·Increased chance for non-resident companies to remotely open an offshore bank account with East West Bank

 

·Upon opening the offshore bank account with East West Bank, you will get a business relationship manager whose only interest is to cater to your banking needs and achieve your financial and business goals

 

·Highly secure online business services

 

·Multi-currency offshore bank accounts are available

 

·Straightforward and reliable money transfer procedures that occur within 24 hours

 

·International debit/prepaid debit card


east west bank logo

 

Required Documents for Opening an Offshore Bank Account with East West Bank

As mentioned earlier, opening an offshore bank account with East West Bank is relatively straightforward. Both individual and corporate entities can open an offshore bank account with East-West as there are no requirements on residence or nationality upon registration. So, let us look at the specific documents required to open an offshore bank account with East West Bank.

 

·Certified documents with your personal information, including ID, passport, occupation, citizenship, and proof of residence

 

·Articles of the corporation, if it is a company opening the offshore bank account, including Articles of Association and the original memorandum

 

·A certified utility bill issued within the last three months

 

·A notarized or certified copy of the passport of each beneficial owner, director, and shareholder

 

·Residential proof of the identity and address of each director and shareholder

 

·Company structure and number of shares involved

 

East-West Bank Account Set Up Fees

Many natural persons and companies worldwide can open offshore bank accounts to serve as an investment or for transaction purposes. Not only do these bank accounts offer a flexible and convenient means of managing your funds effectively and confidentially, but they also protect your funds from political risk. East-West Bank offshore accounts also offer the best foreign exchange rate, allowing users to transfer funds instantly at reduced costs.

 

So, what is the cost of setting up and maintaining an offshore bank account with East West Bank? Depending on the type, jurisdiction, and purpose of the account, the fees of setting up an offshore account range between $550-$1250. Additionally, managing an offshore bank account is about $1,685-$2,495 per year.

 

Other offshore account fees that you should consider include card issuance fee, merchant account service, cash management fee, foreign exchange fee, and merchant account service. Feel free to contact the bank for a more precise estimate.

 

The process to Open an East-West Bank Offshore Account

1. Register for an offshore bank account with East West Bank by contacting us. 

 

2. Upon getting in touch with us, our relationship manager will provide consultation and support through the entire registration process. He/she will also request document submission

 

3. Our compliance team will hold a brief 15-20-minute remote interview for identity verification purposes

4. Upon successful registration, the offshore account will be approved, and you can begin making real-time money transfers immediately.

 

FAQs Related to East West Bank Account Set Up

 

Q1: Can I open an offshore bank account with East West Bank remotely?

Yes, you can easily and conveniently open an offshore bank account with East-West remotely by filling out its online application form. You can also call them and begin the registration process instantly.

 

Q2: Can you send and receive money transfers in different currencies?

Yes, offshore bank account holders can readily send and receive money in over 60 different currencies.

 

Q3: How long will it take to make my offshore bank account with East West Bank active?

 

Depending on the type and jurisdiction of the offshore account, it can take between 2-7 business days to complete the registration of an offshore bank account with East West Bank.



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