Emigrating and International Banking

International & offshore banking for people emigrating, from Barclays Wealth International

The act of emigration brings with it a great raft of tasks and responsibilities. Chances are you will be able to delegate some of these; others may well be taken care of by your employer. But your changing financial needs will require your personal attention.

What kind of bank account will you need? What are the tax implications of living and working abroad? Can you continue to save in an ISA? Will you still be able to vote? These are just some of the questions asked by people emigrating abroad - and that Barclays Wealth International is here to answer. We'll help you with your emigration related finances and may be able to answer other questions related to living and working overseas.

We specialise in international banking services shaped to meet the specific needs that may arise while you work abroad. Depending on your circumstances and the country you emigrate to we may be able to offer you:

• Offshore bank accounts, savings and investments
• Mortgages
• Loans (subject to application and status)
• Access to our International Telephone and Online Banking service.

For people emigrating or about to emigrate, Barclays Wealth offers a first rate international bank account, available via any of the service options summarised below and described in more detail.

And for a limited period, Barclays Wealth International are offering new clients the opportunity to earn a fixed 2.5% AER/Gross* on EUR and US Dollar 12 month term deposit and a fixed 3% rate AER/Gross on GBP savings when they open a new International Bank Account – ideal for your new life abroad. This offer is available on balances between £10,000 and £250,000 (or currency equivalent. Interest is paid upon maturity of the New Client Term Deposit** and withdrawals are not permitted.

Living and working abroad

You could be heading for a farmhouse in rural Murcia. Or you might be about to take the keys of a luxury apartment on the shores of the Gulf. No matter where you are emigrating to, Barclays Wealth can help you make the transition smoothly. We even offer in-depth, country-specific guides so that you can take the new challenges in your stride.

Banking overseas and wealth management

Many individuals around the world have financial needs that cannot always be met by domestic banks. That's why Barclays Wealth International exists. Drawing on our worldwide experience and expertise, we offer a comprehensive range of banking products and services designed to meet the financial requirements of:

• Foreign nationals living and working in the UK
• People living or working in a country other than their own
• People looking for a safe haven to hold money offshore.

Our wealth management services are available via a choice of four banking options:

Relationship Manager Service

A fee-free personal, tailored solution designed to help clients maximise their wealth. A dedicated Relationship Manager will take the time to get to know you, in order to understand your circumstances and help you achieve your financial aspirations.

The service is aimed at clients with balances of £50,000 or more (or currency equivalent) to place with Barclays Wealth International, or for clients who have come to live in or are moving to the UK, an annual individual gross income of £100,000 or more to mandate to a Barclays Wealth International account. Click here for more information.

iBank Plus

Available for just £10 a month (US$16.50 or £14.50), iBank Plus is for you, if you need a comprehensive international banking service to help you manage your banking across borders and time zones, simply and quickly. Click here for more information.

iBank

Our entry-level international banking service offers day-to-day banking facilities and a savings account plus access to a range of financial products and services, available for just £5 a month (US$8.50 or €7.50). Click here for more information.

iBank Saver

Ideal for international savers who don't need a current account or cards, and available for no monthly fee. Click here for more information.

• Barclays Wealth International can offer you an overseas mortgage in a variety of currencies, as well as specialised mortgage advice
• Our overseas mortgages are available for overseas residential property in France, Italy, Portugal, Spain, Dubai, the Caribbean and South Africa
• We can make the process of buying your overseas residential property as easy as possible.

Expat tax advice from Ernst & Young

At Barclays Wealth, we focus on our core skills - managing the wealth of our international clients. So when it comes to more specialised tax advice we recommend the services of a group recognised as experts in the field, Ernst & Young¹.