To open an account existing Skipton International customers only need to complete an Additional Account Opening Form. New customers will need to complete an Application Form and supply relevant identification and proof of address documents. If more than two persons will be applying jointly for a single account, please also download the Third and Fourth Applicant Page.
This offshore account is only available to private investors.
Interest rates on this offshore account are variable. Interest is credited annually on 15 March. Monthly interest is credited on the first day of the month. Interest is earned after 3 working days including the day we receive your cheque. Please note that interest may be paid gross and it is your responsibility to declare all income to your tax authority.
Offshore savings accounts may be opened by cheque, electronic transfer or BACS. If you wish to transfer funds to us by electronic transfer or BACS click here for the details your bank will require. Please note the minimum opening balance for this offshore account is £10,000.
The above conditions are to be read in conjunction with our General Terms & Conditions for deposit accounts.
If you wish to transfer funds to us by electronic transfer your bank will require the following details:-
||HSBC Bank plc
||Skipton International Limited
||Your name/Account Name
e.g. John Smith/International Premium 90
Please instruct your bank to make the payment as early as possible in the day so that the funds reach our account before 12 noon, UK time. This should ensure that your funds earn interest from the day of receipt. Funds received after this time will start earning interest from the next business day. Please ensure you have received confirmation your new offshore account has been opened before sending funds to us. Also, please remember to read the 'Legal' section below and the Terms and Conditions of the relevant account before sending your money to us.
SIL will not accept any liability for delays in receipt of inward payments; agents' charges, where applicable, will be deducted from the amount credited to your account.
Funds received in any currencies other than that agreed will be converted to the appropriate currency at the prevailing rate of exchange at the time of the transaction.