The highest amount of spending privacy available is obtained through using offshore debit cards. In addition, they save you the hassle of carrying loads of cash when you need that anonymity.
However, they have to be utilized the correct way, and they have to be the right cards. Just having a debit card from any offshore bank is not enough to secure your anonymity. Absorbing every word of this page will put you ahead of most people in understanding how best to choose and use your card.
Some people think that since they are not doing anything wrong, they do not need privacy. And I am also asked if they are legal. To this, I generally ask "Why wouldn't you want anonymity"? As far as legality goes, yes offshore debit cards are legal.
There are many perfectly valid, legal reasons to use offshore debit cards. But, that goes beyond the scope of this article Just know, that they are very successful tools in protecting your privacy.
A debit card on its own, is not enough however. You need to understand a couple important points.
The first thing you must pay attention to is where the card is from. Having a card from a bank that is going to give up your personal information to the first creditor who comes looking for you is not going to be of much value.
Your offshore debit card should be issued from a country with the strongest privacy laws available. Certain countries make that privacy law, so as long as you have not done anything illegal, that privacy cannot be breached.
Next, you need to be aware of where you are using it. ATM's are not completely anoymous. Even if the card itself is. Just putting your card into an ATM means that a camera is looking right at your face. That image is being stored.
If someone is looking hard enough for you, they are going to check the ATMs close to your home and work place. Its easy to find out the time and amount of your transaction, if you are seen on the video.
If you use your card in a different machine than normal, and far away from your regular haunts, this won't be a concern since no one would know where to look.
Finally, you need to know that funds in the off shore bank and country issuing the card are going to be available. And the limits of what are available. If you need to hop onto a quick flight to get away from an attacker, or for an important business meeting, a $500 limit isn't going to help you much.
Make sure the bank is backed by a strong name and comes from a country that has not been blocked by banks in your own country.
When you require protection of your identity when making a purchase, offshore debit cards can provide that privacy, legally. Provided you do your homework before opening your account.
If you use these cards for anything illegal, your privacy is taken away. Which proves that they are not just tools for criminals. Their purpose, is to protect the privacy of people who follow the law. Basically, anyone who feels that it is their own business what they do, as long as they don't break the law.
The cards themselves, are just a tool. Just like cash or cheques.
Doing proper research is key to getting the right card and using it properly. Research all you can about offshore banking, offshore accounts and other offshore structures. Learning all you can will ensure you get the level of privacy you need.
Some people believe that privacy should be a right. But every day, its seems like more of those privacies are lost. No one is going to protect your privacy for you, so it is up to you. A strong tool for your privacy protection can be account managed or prepaid offshore debit cards.
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