Non resident banking
International bank accounts for non residents
As a UK non-resident, you may not be subject to UK taxes on overseas assets, so international bank accounts have an obvious attraction.
At Barclays, we can provide a non-resident bank account that can serve your banking needs wherever you are in the world and that offers, subject to conditions, no deduction at source of tax on income.
If you open a bank account with us, we offer online services that mean you can move your money around from your computer, as well as by telephone and fax, face-to-face and by post.
Our international bank account provides that and more. It offers an array of services that can be used to implement your wealth plans. To enhance your planning opportunities, you can open an account with us in a range of offshore locations.
Backing this proposition is the fact that we are part of one of the world's largest banking organisations, with activities that span the globe.
Barclays Group has its origins in late 17th century London, but has grown to include major investment banking and fund management subsidiaries as well as the largest retail stockbroker and wealth management operations in the UK1.
International bank account
Available in sterling, euros or US dollars, our international bank account is ideal if you are on the move.
It provides instant access to your money and control over day-to-day spending wherever you are. You can set up and monitor your standing orders and direct debits online or by telephone.
Sterling accounts include a Barclays Connect debit card, while US dollar and euro accounts offer a Barclays Deferred debit card so you can use cash machines and buy from stores around the world. A cheque book is also available on request.
Money transfers can be sent and collected securely electronically, with a discount on the standard tariff for doing this online (for sums of up to £50,000 or local currency equivalent).
Banking services for non-residents
Our international bank account can be operated online, by phone or through a Relationship Manager.
As well as providing overdrafts, loans and mortgages, we have a range of short-, medium and long-term savings accounts as well as investment management services.
Relationship Managers can consult and advise on your wealth face-to-face, by email or telephone, taking all your personal circumstances into account and acting pro-actively according to your wishes.
This service is fee free. To qualify you must deposit and maintain a balance of £50,000 or more (or currency equivalent) in cash or investments with us; or, if you have come to live in or are moving to the UK, deposit an annual individual gross income of £150,000 or more (or currency equivalent) into Barclays international bank accounts.
Non-resident tax planning
We also offer estate-planning services such as trust, wills and other instruments. The aim is to ensure that your assets are structured efficiently and securely both during and beyond your lifetime.
Although we do not provide individual tax advice, we can introduce you to our preferred tax-advice provider, leading international financial services firm, Ernst & Young, who can handle your tax concerns. They can help you determine your non-resident tax status and develop a strategy in relation to your bank accounts and investments.
Where to locate your international account
You can have your international account based in any of our banking locations.
Our UK branch is in Knightsbridge at the heart of London's West End. It offers a range of counter and personal services, and is within access reach of London's main airports such as Heathrow.
Accounts can be located in Gibraltar, the Isle of Man or Jersey. We are also present in Switzerland, Guernsey, Dubai, Malta, Cyprus and South Africa.
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.
1 In July 2011 Barclays was named largest Private Client Asset Manager by Private Asset Managers (PAM), with £51,430m assets under management (AUM) held in the UK (total global client AUM was £164bn as at 31 December 2011).
† Lines are open 24 hours a day, 7 days a week except for 25 December when the lines are closed. Call costs may vary - please check with your telecoms provider. Calls may be recorded so that we can monitor the quality of our service and for security purposes.
The products and services described on this page are provided by the following companies, which are part of Barclays: Barclays Bank PLC in London and Barclays Private Clients International Limited in the Isle of Man, Jersey and Guernsey. For further information on these companies and Barclays please read 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 company reserves the right to make a final determination on whether or not you are eligible for any particular product or service.