Expats do not have to be wealthy to switch their money to an offshore bank or building society.
The stigma of offshore comes from individuals trying to evade taxes by not reporting their earnings from offshore accounts.
But hundreds of thousands of people send money around the world through offshore intermediaries every day without a problem.
Although some offshore banks have a poor reputation, the service provided by the majority is important to the financial well-being of expats.
You know you are banking offshore when you have an account that is based in a country where you do not live.