Offshore Banking
Our clients may benefit from offshore banking. What is offshore banking? It is simply a bank account held in a different jurisdiction than that where you are domiciled. As an expatriate there may be a number of benefits for you using an offshore bank. Most offshore banks offer greater levels of interest on current accounts. All major offshore banks offer the same services as mainland banks, such as Credit and Debit cards, online banking facilities, telephone banking, overdraft facilities and multi currency accounts.
Offshore banks offer investors a high level of confidentiality. However, all offshore financial institutions have a legal obligation of reporting any suspicious criminal conduct. Otherwise all your personal information is subject to protection of modern data protective laws and there are civil and criminal penalties for breach of confidentiality and any unauthorized disclosure.
For more information regarding offshore banking, contact your Expatriate Financial Management International Advisor or simply click on one of the links below to obtain more information. To download a product brochure, please visit our Product Download Centre.
Lloyds TSB International Account