IMPORTANT FACTS
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Minimum Requirements
£100,000+ salary per year (or £100,000 to deposit into a Lloyds saving account) -
Country restrictions
None, providing no regulations in your country of residence -
Fees and Charges
No monthly or annual fee, but charges may apply with some transactions and transfers
Why have an international bank account ?
International bank accounts are suitable for people who live, work abroad or have foreign investments/ property.
Which are the best offshore bank accounts for expats?
The type of accounts offered can vary significantly. We have listed a selection of 3 ,as a guide for the offshore bank accounts you may wish to consider if you need to open an offshore bank account as an expat.
HSBC EXPAT CURRENT ACCOUNT
The HSBC Expat Current account is a bank account available for existing and new customers of HSBC. For new customers, £60,000 of deposits must also be held with HSBC to be eligible and the minimum initial deposit is £5,000. The bank also provides telephone and internet banking support and offfers a VISA debit card in your choice of currency.
PERFECT FOR PEOPLE WHO
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People who already bank with HSBC
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Need 24/7 telephone banking support
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Regularly move country
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Live outside of the UK
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Regularly make international payments
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Need to save in multiple currencies
LLOYDS PREMIER INTERNATIONAL ACCOUNT
Lloyd's Premier International Account is designed for high earning expats who need to manage multiple currencies while living outside of the UK. The accounts are held in offshore accounts in either Gibraltar or the Isle of Mann. With the account there is also a dedicated relationship manager and worldwide travel insurance included. Account holders can also choose the currency of the account from either Sterling, Euro or US Dollars with a Visa debit card in the chosen currency.
PERFECT FOR PEOPLE WHO
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Earn more than £100,000 per year, or
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Have significant savings over £100,000
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Want a private bank experience
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Want to choose the currency of the account
STANDARD BANK OPTIMUM ACCOUNT
The Standard Bank Optimum Account is an international bank account designed for expats. The minimum standard deposit required to keep the account free of monthly charges is lower than normal international bank accounts at only £4,000 (or currency equivalent). Unlike many international bank accounts who focus on high net worth individuals, the Optimum Account is designed for anybody who needs access to an international bank account.
PERFECT FOR PEOPLE WHO
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Have a small initial deposit
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Need either a sterling, dollar (US and AU)
or euro current account
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Internationally regularly
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Need of a VISA card for payments
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Studying abroad
IMPORTANT FACTS
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Minimum Balance
£5,000 (plus £60,000 already saved or invested with HSBC)
Country restrictions
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None, providing you remain above the minimum balance
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Fees and Charges
No monthly or annual fee, but charges may apply with some transactions and transfers
IMPORTANT FACTS
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Minimum Balance
£4,000 or $6,000 (USD) or $6,000 (AUD) or €6,000 -
Country restrictions
None -
Fees and Charges
NA
These accounts are not suitable options for everyone, you could find another option more appealing with smaller deposits and more flexibility, contact us a book a free consultation to find out more about opening International Bank Accounts.