Offshore Banking
I forgot to mention if you are banking Offshore there are a couple important details you need to consider.
If you have a house or residence in the USA you will need to file taxes and disclose "ALL MONEY" that goes through your regular US bank account. This is the money you will disclose to the IRS as income and pay your normal bills with. You will have to file a tax return that will justify your means of living in the US. Lets say about 25,000 USD that pays your electric, car insurance, gas and ome food etc. Now you tax return wont trigger any RED Flags. If you are audited by the IRS you can justify your lifestyle, bank records without any worries.
Warning:
1. The money you take from your Offshore debit card in cash should "NEVER NEVER" be deposited into your bank account and reported. Remember, anything you run through your bank account has to be reported as income and on your tax return. If you are audited the IRS will want all of your bank records and see all deposits.
2. The Cash from your debit card is used simply as cash for small items. Your money can be used for many purchases (not cars etc) food, vacations, clothes, eating out etc.
3. The offshore money should be kept Offshore and later used in your retirement portfolio.
Be careful..!!