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⍰ ASK What is the process for closing an offshore bank account?

The process for closing an offshore bank account typically involves the following steps:

  1. Notify the bank: Contact the bank and inform them of your intention to close the account. Provide them with any required identification and proof of ownership of the account.
  2. Transfer funds: Make arrangements to transfer any remaining funds from the account to another bank account.
  3. Complete necessary forms: The bank may require you to complete and sign a form to initiate the account closure process.
  4. Confirm account closure: Wait for confirmation from the bank that the account has been closed and all necessary processes have been completed.
 

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