There are a number of advantages to offshore banking. UK residents can use it if they prefer to manage their own taxation, expats and those who spend a lot of time travelling or working abroad might also benefit.
Features of offshore banking, for UK residents and expats, include:
- Send and receive money in different currencies
- Bank in the currency of your choice – usually Sterling, US Dollars, or Euros
- Potentially higher interest rates
- Access to your money anywhere in the world
- Send and receive money internationally
See if offshore banking is right for you and find the best account by comparing features of different UK providers with our FREE comparison table and apply online.