[businessdatabase]

Hello, I'm new to online banks, I do alot of graphic, web design and programming though.

I don't fully understand the initial wire funding step, is this optional, or is it to prove your identity?

Can you do the confirmation transaction from another online/offshore bank to an online bank?

And, can you do this transaction from an online bank account to another online bank account at the same company ??


The basic steps for most online banks, are:

1. fill text, basic information

2. further information, e.g. document scans

3. "confirm account" with wire

???

is that everything?

[OffshorePrivacy]

If you are speaking of an offshore account it is a little more complicated than that -- funding is not a means of proving anything as funds can come from clients or even in some cases digital currency exchangers depending on the banks. Some banks do require you fund from a current personal account to confirm identity but those are usually UK/EU banks and not true offshore banks.

Most offshore banks will require the following:

1. Notarized passport or government ID
2. Proof of address such as a bank statement or utility bill
3. 75% of the banks also want a professional reference letter from a banker, lawyer or accoutant

No real offshore bank allows for online only account activation -- although some allow you to create the account pending your identity documents.