Savings Help

How to apply for an offshore savings account

Skipton International offers attractive offshore savings accounts to residents of the Channel Islands, and customers in over 100 countries worldwide.

You do not need to be a British citizen to apply. We provide accounts in pounds sterling and US Dollars. Before applying, please check that you are not a resident in one of the countries we do not support.

Step 1: Choose the right account 

We offer a range of offshore savings products, including: 

Variable rate accounts – easy access and notice accounts. 

Fixed rate accounts – sterling accounts with fixed interest until maturity. 

All interest is paid gross, without tax deduction. You are responsible for declaring interest earned to the relevant tax authorities. If you have recently moved overseas, we recommend seeking independent tax advice. 

For details on maturity dates and notice periods, visit our Offshore Savings and USD Offshore Savings pages. 

Step 2: Complete your application 

New customers: Click here to start your online savings application 

Existing customers: Click here to open an additional account 

Skipton offers online banking through Skipton International Online, where you can: 

  • Access your accounts
  • Open new accounts
  • Make payments and transfers 

You can register for online banking by completing our application form. For step-by-step instructions, please refer to our Online Banking Guidance. 

We also offer telephone banking. Setting up passwords allows you to manage accounts by phone, including withdrawals and notices. Please note joint applicants need separate passwords. 

To set up a password, complete the Password Indemnity Agreement Form. 

Step 3: Gather supporting documents 

To comply with international regulations, we must verify your identity. This includes: 

  • Proof of ID (e.g., passport) 
  • Proof of address (e.g., utility bill) 

See the verification of identity section in the application form for acceptable documents. Existing customers do not need to re-validate unless details have changed. 

Ensure documents are properly certified by a competent individual. 

Step 4: Decide how to deposit funds 

We accept deposits via electronic transfer (BACS, CHAPS, SWIFT). 

Please wait until your account is opened and you receive your account number before transferring funds. Transfers made before this will be returned. 

Step 5: Send your application 

Email your completed form and documents to info@skiptoninternational.com, or post to: 

Skipton International Limited 
P.O. Box 509, Tudor House 
The Bordage, St Peter Port 
Guernsey, GY1 6DS, GREAT BRITAIN 

Do not send original passports or driving licences. Charges may apply for returning documents. 

What happens next?

We aim to process applications on the day of receipt. If we cannot open an account, we will inform you.

Once your account is opened, we will confirm your account number and provide instructions for transferring funds.