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Offshore Checking Accounts
A deposit account for funds intended for quick turnover. Checking
accounts offer very low interest on unused cash balances.
You're lucky if your checking account earns more than the rate of
inflation!
Wire Transfer
An electronic transfer of funds across a network administered by
hundreds of banks around the world.
Wire transfers allow people in different geographic locations to
easily transfer money.
Outside of North America , wire transfers are sometimes referred to as
a 'telegraphic transfer' or t/t.
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