The process followed in any international internet bank is quite in similarity to that of a conventional bank. However, the advantages are much more than can be offered in any conventional banks. The reason being, that the online banking system offered by this bank is much more convenient and time saving than anything done in an onshore bank. Every detailed transaction relating to the account in these offshore banks, including payments that are made, statements that are reconciles, and even money transfers to various onshore as well offshore accounts, happen online, with a mouse click. The best example of such a banking process could be the HSBC International internet banking, the Citizens National Bank, Abbey International Internet Banking etc.
It has been noticed that an internet bank is always more competent in providing its customers with much more agreeable rates on credit cards and accounts than their onshore counterparts. With the advent of international internet banking the long queues at the bank for money transfers and bill settlements have become history for billions of people worldwide. This type of banking quickly followed the advent of internet or e-banking, and took the market by storm with its ease in transferring money anywhere around the globe with a few mouse clicks.International Internet Bank