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.