What Is an International Bank Account?

Several people have international bank accounts for different reasons. For many people international accounts offer investment options, saving opportunities and simpler banking.


An international bank account is a bank account located outside of the U.S. The money is not held in an American bank, so it does not have to follow the same rules and regulations.

Regulations and Large Deposits

Some rules that may lead to people opening offshore (international) bank accounts are: tax declarations if you deposit more than $10,000 at a time and a background check conducted by Homeland Security when opening an account.

Elliott Wave International

Some people will open international accounts to insure monetary stability, as some currencies may be unstable or they devalue over time. Some use the Elliott Wave International Stable Currency Index in determining where to move their money. As of March 2010, the most stable currencies according to the SCI were (in no particular order) the Swiss franc, U.S. dollar, New Zealand dollar and the Singapore dollar.

Currency Trading

Some American Forex traders will open international accounts and invest money into a currency that they believe will grow in comparison to the U.S. dollar.

Swiss Bank Accounts

Swiss bank accounts are the most popular offshore (international) accounts. They offer several different kinds of savings plans and competitive interest rates. Swiss bank accounts have a number attached to your accounts instead of your name, which makes banking nearly anonymous.


About the Author

Kristina Werden has been writing professionally since 2008. She has been published in California State University, Los Angeles’ academic historical journal “Perspectives” and online publications such as USA Today, eHow, Trails Travel, Livestong, Answerbag, and BetOnline.com. Werden currently holds a Bachelor of Arts in history and philosophy from California State University, Los Angeles.