Why Offshore Bank Accounts?

There are many reasons why customers require an offshore bank account with the UK Pound as currency, and their priority may have changed over time. Historically tax might have been an inappropriate consideration. However, a focus on tax transparency by leading jurisdictions such as Guernsey has ensured that nowadays offshore bank accounts support legitimate customer needs. So why might an offshore bank accountin UK sterling be appropriate?

  • You might be resident in an offshore location and hence be unable to access financial services offered by UK banks.

  • You might have become an expatriate and again find it difficult to access UK onshore financial services due to your residency

  • You might be an expatriate who regularly moves location with your work. It is convenient having your offshore bank account in a secure location such as Guernsey, rather than opening and closing bank accounts on each move

  • You might be an expatriate in a country where banks do not support UK sterling savings, resulting in limited choice

  • You might have an offshore savings account with Skipton International because you value the award winning personal service we offer. At Skipton we remember you are a person, not an account number

There is nothing illegal or morally wrong with holding an offshore bank account, provided as with all bank accounts that the funds have been legitimately gained and that you properly declare interest and any other details as required by your tax authority.

Skipton International has been a UK Sterling offshore bank account provider since 1995. We understand our customer’s offshore requirements, namely to operate a prudent bank that offers some of the best offshore bank accounts and a focus on quality personal service.

Who opens an Offshore Bank Account with Skipton International? We have customers:-

  • Resident in over 100 countries worldwide and using Skipton International for their expat savings
  • Having savings or earnings in UK sterling
  • Looking for some of the best offshore bank account interest rates
  • Acquiring wealth whilst working as an expatriate or obtaining an income from prior savings whilst enjoying a well earned retirement overseas
  • Resident in an offshore jurisdiction, particularly the UK Crown Dependencies of Guernsey, Jersey and the Isle of Man
  • Resident overseas, but requiring their UK Sterling pension paid into a UK payment zone bank account
  • Appreciating the personal service they receive from an English speaking Offshore Bank, registered in the highly regarded and well regulated jurisdiction of Guernsey, that is in the same time zone as the UK

Please consider the accounts listed to the right of our offshore savings account page and if of interest please apply here.

Online Banking

Take advantage of our online savings portal facility to manage your accounts.

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Skipton International Online Banking

Withdrawn & Closed Accounts

For details of closed or withdrawn offshore savings accounts

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