Offshore bank account

Why Offshore?

If you are just starting out as an expat you may not appreciate the benefits of offshore banking. You're probably not sure what the term means. Basically setting up an offshore bank account means that you can organise all your banking from one port of call regardless of where you are living. If you do a few years in Hong Kong and then move to Singapore for a short stint before heading back to London then establishing bank accounts all over Asia can be fraught and cumbersome. If you open an offshore bank account (in somewhere like Jersey in the Channel Islands), your finances are handled by people from one place who can provide you with everything you need and ready access to your money - wherever you are in the world.

Manage your finances

If you create on offshore bank account then you can manage all of your banking needs from one point regardless of where you are living. It simplifies things for you each step of the way. You may move but your money doesn't have to!

A closer relationship

Additionally, establishing a relationship with an offshore bank gives you continuity. Rather than changing banks every few years and constantly having to re-explain your banking history and needs you can have a relationship with one bank. You could even have it with one person at the one bank. So much simpler.

Speak to me

And if language is an issue (which it often is in other countries) you can make sure that you bank with someone who speaks your language. Getting tied up in language difficulties is the last thing that you want to do.

Tax

And don't forget that having an offshore bank account may also help you minimise your tax situation with the right degree of planning.

HSBC Bank International offers expatriates an Offshore Bank Account that gives you all the flexibility of a current account with the interest rates that you'd expect from a savings account!

• Tax efficient

• Flexible

• With interest rates that increase with the size of your deposit

• Global reach and accessibility and with total security

Simplify your life by opening an Offshore Bank Account.

http://www.offshore.hsbc.com/hsbc/main/bank-accounts/offshore-bank-account