OFFSHORE BANK ACCOUNTS

Download to Excel Download to Excel

An offshore bank account can help you to keep your money flexible, regardless of where you are located in the world. Whether you want to hold money in a stable offshore jurisdiction and thereby manage your income (and outgoings) from home or from overseas, or whether you want to purchase a home overseas, an offshore bank account can be highly useful.

Free Credit Report

Filter report by:
ALL    CURRENT>    OFFSHORE    BUSINESS    STUDENT    BAD CREDIT

Some people may associate offshore bank accounts with tax evasion, but of course all the interest you gather on money/assets held in an offshore account are subject to full tax/income tax. If you do not declare your assets to your local tax bureau (HM Revenue and Customs in the UK), then you are avoiding tax illegally.

There are many excellent offers for offshore bank accounts, so use the table below to compare the main features of each one. What currencies can they offer? What are the fees and charges associated with the account? How much interest can you earn on the assets held within the account?

Offshore Account Information
PROVIDERACCOUNTTYPEINTEREST AERINTEREST GROSSPAIDACCESSO/D RATEBANKING CHARGESSERVICES CHARGESAPPLY

HSBC Offshore
HSBC Offshore

Offshore Current AccountOffshore Account0%0%MonthlyOnline,Tel, ATMN/A£0£15.00HSBC Offshore
A flexible international current account, usually the starting point for customers with international or offshore banking requirements, for your day-to-day banking needs. A convenient, secure and potentially tax efficient way to manage money.
DETAIL INFORMATION >>		Features

Features

Free Banking: No
Debit Card: Yes
Cheque Guarantee Card: Yes
Standing Orders: Yes
Direct Debit: Yes
Overdraft Facility: Yes
Account Manager: No

1. You can choose to have your offshore account with HSBC Bank International opened in either the offshore jurisdiction of Isle of Man or Jersey, Channel Islands.


Services

Services

1. The internet banking service provided gives you direct control over your money, from anywhere in the world, anytime


Advantages

Advantages

1. Available in sterling, US dollars or euro.
2. Debit/credit card options 
3. 24 hour internet and phone banking. 
4. Make international money transfers.
5. Interest paid without deduction of tax.


Disadvantages

Disadvantages

1. A minimum relationship balance of £25,000 (or currency equivalent) must be maintained, to prevent a £20 monthly service charge from being applied to your account.
2. When investing abroad, your tax situation will depend on your personal circumstances. We recommend that you obtain independent tax advice.

Lloyds Premier International Account
Lloyds Premier International Account

Premier International AccountOffshore Account0% - 0%0% - 0%DailyOnline, phone, postOver £200 (AER* 15%)£20 per payment£20/€20/$30 per month (under £2,500)Lloyds Premier International Account
This bank account is perfect for those of you with international needs but who want the security of a name you can trust. The Premier International Account from LLoyds caters for all your needs-you can even make use of the complimentary travel insurance, online banking and concierge service. Apply online and you will receive £100 cashback
DETAIL INFORMATION >>		Features

Features

Free Banking: Yes
Debit Card: Yes
Cheque Guarantee Card: Yes
Standing Orders: No
Direct Debit: No
Overdraft Facility: Yes
Account Manager: No

Accounts available in £,$ or €. All-access withdrawals. Family Travel Insurance.4%(1%AER†) interest rate — on balances between £10,000 and £24,999 for 3 months only.


Services

Services

Visa debit cards in all 3 currencies for easy worldwide access to your money


Advantages

Advantages

1.You can get this account in £,€ or $.
2.If you need flexible access to your money-this account will allow you to do exactly this. 3.A great account to make international transfers with.
4.You will get a Visa debit card in all three currencies.
5.If your balance is above £2,500, there will be no monthly fee.
6.There will only be one monthly fee for multi-currency accounts.
7.If your account has over £10,000 you will start to recieve a 4% interest rate.
8.Worldwide family travel insurance included.


Disadvantages

Disadvantages

1.If your balance is below £2,500 you will have to pay a monthly fee of £20/€20/$30.
2.You must have a minimum gross income of £50,000
3.You cannot apply unless you are over the age of 18.

Barclays Wealth International Bank Account
Barclays Wealth International Bank Account

Barclays Wealth International Bank AccountOffshore Account0%0%NoneOnline, TelAsk on applicationN/A£5.00Barclays Wealth International Bank Account
Barclays Wealth International offers a choice of offshore bank accounts in US dollar, euro or sterling, with discounted international payments online and currency exchange services.
DETAIL INFORMATION >>		Features

Features

Free Banking: No
Debit Card: Yes
Cheque Guarantee Card: Yes
Standing Orders: Yes
Direct Debit: Yes
Overdraft Facility: Yes
Account Manager: No

International telephone and online banking, seven days a week2


Services

Services

Which international bank account is right for you?
There are four levels of service from which you can choose:
Personal service tailored to your exact needs with our Relationship Manager Service account The iBank Plus account provides you with access to all of the services above and caters for clients who would benefit from discounted international online payments
The iBank Saver account is designed to provide you with access to investments and savings and not day-to-day transactional services
Standard international banking services with the iBank account.


Advantages

Advantages

1. Online and telephone banking
2. Debit and deferred debit cards available
3. Open an account in Jersey, Isle of Man or London
4. Discounted international payments available
5. Additional current accounts in other currencies available
6. Savings and deposit accounts available


Disadvantages

Disadvantages

1. You must have a minimum income from £24,000

Barclays Wealth Relationship Manager Service
Barclays Wealth Relationship Manager Service

Relationship Manager Service accountOffshore Account0%0%NoneOnline, Tel, BranchAsk on applicationSee website£0Barclays Wealth Relationship Manager Service
If you would like a dedicated relationship manager to take care of your banking need then the Barclays Wealth Relationship Manager Service Account is worth considering. This is an international bank account in a range of currencies. Apply online if you are over the age of 18 years old.
DETAIL INFORMATION >>		Features

Features

Free Banking: Yes
Debit Card: Yes
Cheque Guarantee Card: Yes
Standing Orders: Yes
Direct Debit: Yes
Overdraft Facility: Yes
Account Manager: Yes

Currencies GBP, EUR, USD and more


Services

Services


Advantages

Advantages

1. Dedicated Relationship Manager taking care of your banking needs
2. International bank accounts in a range of currencies
3. Debit and credit cards available (subject to application)
4. Currency exchange services
5. Introduction to tax services
6. Free financial review
7. Savings and deposit accounts
8. International mortgage advice for property purchases in the UK, Jersey, Guernsey, Isle of Man and Gibraltar
9. Borrowing in a range of currencies
10. Advice from international investment experts
11. Structured notes and deposits
12. A range of actively and passively managed investment funds
13. Trusts administration
14. Managing inheritance strategies


Disadvantages

Disadvantages

1. Minimum age 18 years
2. Mimimum deposit of £50,000 (or currency equivalent) or mandate a salary of at least £100,000 (or currency equivalent) if you are living in or moving to the UK.

News and ChartsNEWS / CHARTS

CBI Urges Government To Change UK Tax System
22 February 2012 - Which Way to Pay
The Confederation of British Industry (CBI), Britain’s largest employer group, have urged the Government to give a £500m boost to business in March’s budget and make necessary changes to the tax system to help encourage economic growth.
Read More >>		Make Sure Your Pet Is Cared For With Pet Insurance
20 February 2012 - Which Way to Pay
With pet insurance you don’t have to compromise on your pet’s health because of your finances.
Read More >>		Lloyds To Take Back Bonuses From Senior Bankers
20 February 2012 - Which Way to Pay
Lloyds Banking Group, the UK’s biggest lender, is to take back bonuses worth around £2 million from ten executives amid the scandal over their involvement in the miss-selling of payment protection insurance.
Read More >>