Offshore banking with online bank facilities
Online banking with offshore banking benefits from Barclays Wealth International
Offshore online banking with Barclays Wealth International really does give you the best of both worlds.
By keeping your money in an offshore account in the Channel Islands or the Isle of Man, you may benefit in the following ways:
- Potential tax planning opportunities. Normally your interest will be paid gross of tax, so your savings will grow more quickly. However, you may be required to pay tax in the country where you are resident or elsewhere depending on your individual circumstances1
- Safety. You'll minimise any risk to your savings and investments by holding them in a stable political and economic environment
- Flexibility. Accounts in a wide range of currencies allow you to manage your financial affairs in the currencies of your choice. It's also easy to make international money transfers around the world.
When combined with International Telephone and Online Banking, the benefits of having an offshore banking account become even more pronounced. At any time of the day or night2, you can use our offshore services online to:
- Check the balance of your accounts
- Enquire about transactions
- Transfer money between your Barclays accounts in any currency
- Make payments up to a maximum of £50,000 (or currency equivalent) per payment
- Pay bills to most companies with UK banking facilities
- Set up and amend both UK and international standing orders
- Order cheque books, paying-in books and replacement credit or debit cards.
Telephone banking offers a more personal service and is based at our UK-based call centre, open during normal UK office hours.
How offshore online banking operates
Offshore banking simply means banking in a jurisdiction other than the country you reside in. An offshore bank account offers a greater degree of capital security in an uncertain world.
To take advantage of offshore online banking, all you need is a Mac or PC and internet access.
Offshore banking services - what Barclays Wealth International offers
Our offshore banking services are ideal if you are working overseas, living or retiring abroad, or simply looking for a safe haven for your funds outside your home country. You benefit from:
- A wide range of international banking products and services, available in major currencies
- Advice from our team of specially trained Personal Bankers
- Easy access and control through International Telephone and Online Banking
- Discounted international online payments
- Investment and mortgage advice from our specialist advisers.
Offshore current account
Our International Bank Account is the foundation of our day-to-day banking service and offers multi-currency options including sterling, US dollars and euros. We can also set up standing orders and direct debits for you and, should you want one, give you a cheque book.
Offshore savings and investments
As a customer of Barclays Wealth International, you'll have access to our savings and investment solutions including:
- High Interest Savings Account
- International Tracker Savings Account
- Linked Savings
- Deferred Interest Deposit Account
- Treasury Deposit Account
- Currency Call Deposit Accounts
- Structured Products.
1 You have sole responsibility for the management of your tax and legal affairs, including making any applicable filings and payments and complying with any applicable laws and regulations. We have not provided and will not provide you with tax or legal advice and recommend that you obtain your own independent tax and legal advice tailored to your individual circumstances.
2 For a short period of time every night (UK time), the site may be unavailable whilst we refresh data. Access may also be limited in some countries due to the prohibited transmission of encrypted data over telephone lines. Please contact your local embassy to check your country's legal position.
† Lines are open 7am to 8pm weekdays and 8am to 5pm weekends and UK bank holidays local time. Call charges may vary. Please check with your local telecoms providor. Calls may be recorded for training and security purposes.
The products and services described on this page are provided by the following companies, which are part of Barclays Wealth: Barclays Bank PLC in England and Wales, Barclays Private Clients International (Gibraltar) Limited in Gibraltar and Barclays Private Clients International Limited in the Isle of Man, Jersey and Guernsey. For further information on these companies and Barclays Wealth please read the Important Information.
Products and services on this site may not be available in certain jurisdictions. In particular, these products and services are not being offered in Japan or the United States or to US residents. For full details of exclusions and disclaimers please see the Important Information before proceeding. Each Barclays Wealth company reserves the right to make a final determination on whether or not you are eligible for any particular product or service.
