International banking has advantages and disadvantages

International banking has advantages and disadvantages. One of them being the ability to acess a wider range of investment products and services than in your own home country, better asset protection, tax planning avantages, more flexible real state planning and currency diversification and hedging. Access to many residency visas in many cases. Disadvantages maybe increase regulatory and tax compliance, Language and time zone issues, Increase requirements for periodic meetings at the bank and corresponding time and cost of travel as well as and well as in country.

Hi Marsha

I really enjoyed reading your post. It was very detailed and informative. There are advantages and disadvantages to international banking however if there is an authentic need or desire for the advantages then the disadvantages may be more manageable as a cost of doing business. Can you elaborate further on the pros and cons of international banking?

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