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Off Shore Banking

Off shore banking is a way of keeping somebody’s money in a bank that is located in another country that has favorable tax conditions. It is an unregulated industry, which means it is not under the jurisdiction of any government, and can thus pass on to their clients perks that usually come as higher than usual interest rates. Off shore banking can also be a means for people to keep their money in a trust setup or structure. Both ways, expats are going to benefit from the flexibility and attractive interest rates offered by an offshore bank. If you would like to explore the possibility of opening one, discuss your options with our expert partners today.
Similar seach to Off Shore Banking : Expat Banking

Compare Bank Accounts

Browse a selection of current accounts specially designed to meet the needs of expatriates and people with international lifestyle.
  Minimum
requirement		 Payment
methods		 Multi currency account Manage
Premier International Account

Premier International Account

£2,500, €2,500, $3,500 Debit card, cheque book (Sterling accounts only) £/$/€
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New customers who open a Sterling account can earn 1% AER interest for the first 3 months of account opening if a balance of between £10,000 and £24,999 is maintained. No monthly fee charged if minimum monthly balance of £2,500/€2,500/$3,500 is maintained.

Get A Free Quote Premier International Account
HSBC International

HSBC International

£5,000,$10,000,€10,000 Cash Card, Cheque Book, Debit Card £/$/€
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Flexible international current account for day-to-day banking in sterling, US dollars and euro, with debit card /chequebook

Get A Free Quote HSBC International
BNP Paribas Personal Investors

BNP Paribas Personal Investors

EUR 50,000 International debit and credit card, deferred debit cards available 26 currencies: euro, US dollar, pound sterling, Swiss franc, Singapore dollar, Hong Kong dollar, etc.
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Day-to-day cash management in different currencies around the world.
As an expatriate you benefit from our preferential fee structure “Expat Investors”:

  • No transfer fees for bank transactions
  • Reimbursement of transfer fees charged by your bank
  • Reduced foreign exchange fees
  • 50 % discount on the annual account management fees
  • 50% discount on the annual fees for an international bank card (Visa, Mastercard)
Get A Free Quote BNP Paribas Personal Investors
Barclays Wealth

Barclays Wealth

£5,000 or currency equivalent Debit and credit cards (£), deferred debit cards available £/$/€
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Choice of Current accounts in sterling, euros and US dollars. Access to credit and debit cards in different currencies. Open an account in Jersey, Isle of Man or London. Discounted international payments available. Savings and deposit accounts available 

Get A Free Quote Barclays Wealth

Guides & Articles for Off Shore Banking

The End of the Traveler’s Check?

The pre-paid currency card market is booming. They were first issued to assist people with poor credit ratings who couldn’t get approved for a credit card, but now they are also used instead of traveler’s checks, with many preferring the convenience of a plastic card rather than a bundle of checks. They are safer than cash and you get the same purchase protection as with other credit cards. Replacements can easily be issued in the event of a card being lost or stolen.Read More >

The Nuts and Bolts of Offshore Bank Accounts

However, offshore banking's reputation recently took a battering when two Icelandic banks, whose offshore subsidiaries were based on the Isle of Man and Guernsey, collapsed, leaving their depositors severely out-of-pocket. This proved to be a somewhat overdue wake-up call to the financial services authorities on both islands, who have modified their depositor compensation schemes accordingly. Read More >

Five top tips for banking abroad

1) Start up a dossier of all necessary documentation. The following documentation is necessary to comply with worldwide Know Your Customer (KYC)/Customer Due Diligence (CDD) legislation. - Proof of your identity (you'll need a notarised copy of your passport).Read More >
More articles & guides for Off Shore Banking
US Expat Tax Filing
US Expat Tax Filing

US expats are expected to continue filing taxes in the States even while living abroad. Learn about your tax obligations today.

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  • The basics of offshore credit cards
  • The End of the Traveler’s Check?
  • The Nuts and Bolts of Offshore Bank Accounts
  • Five top tips for banking abroad
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Opening an offshore banking account through an expat bank doesn’t need to be stressful. In fact, with ExpatFinder’s listing of banks with multi currency account and other international account, it couldn’t be easier. When you want to open bank account for any reason, for currency exchange to bill payments, ExpatFinder’s partners are ready to show you your options and assist every step of the way to ensure you are opening bank account that will fulfil all of your expat banking needs.

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