About Banking

Did you ever dream of owning a private bank account in Monaco or Switzerland or a Caribbean island? Luxury private bank accounts and secret bank accounts are not only the privilege of the very rich, but you have to find the right way of going about opening one.

Walk into a stuffy private bank with a suitcase full of cash, and you may be shown the door. That?s why more and more investors are choosing to open their secret accounts online.

The best thing is, opening an online account is much easier that you might think. In some cases its possible to get a private account opened in less than an hour.

What are the advantages of taking the online route?

1) You can get a private account for less. Online bank accounts are easier for banks to handle, so you don?t have to pay for superfluous back office staff.

2) Don?t feel obliged to travel abroad. Travelling to most tax havens may cost from a few hundred (if you are lucky) to several thousand dollars.

3) Manage your entire portfolio of investments including stocks, gold and certificates of deposit online without having to leave your home office.

4) Hold multiple currencies. One of the major benefits of private bank accounts as opposed to mass market retail banking is that you can switch seamlessly between currencies at the click of a button, or with a quick call to your personal banker.

5) Get yourself high-limit credit cards like mastercards or visas delivered to your door, without ever leaving the comfort of your own home.

It goes without saying that you can say goodbye to any form of queue. Waiting in line at your local bank will be just a distant memory once you have opened a private account. While the vast majority of your transactions can be completed online, for anything else you can call your private banker on first name terms.

Private offshore bank accounts protected by bank secrecy are within your reach, and you don?t have to fly to Switzerland to get one. You can choose ?wealth-management? where a qualified professional cherry-picks investments for you, or the more streamlined ?self-directed? private banking which gives you complete control of your investments ? all through an online interface.

Whats the cost?

Online private banking opens the door to all these services for a nominal entry fee of 1-2% depending on your initial deposit. Best of all, you can eliminate the outrageous ?hidden fees? which private banks don?t tell you about.

About the Author:

Try "self-directed" private banking with Capital Conservator. Get a direct line to a personal banker, and confidential access to trading tools without hidden fees - so you keep control. Find out more about opening a Capital Conservator Private Bank Account.