Opening a non-resident bank account
Open an international UK non-resident bank account, with Barclays Wealth
If you are non-resident in the UK and want a secure place for your money with banking that can serve your needs wherever you are in the world, open a bank account with Barclays Wealth International.
We take a global view of banking needs. So if you want non-resident bank account services, we have accounts that are designed to operate internationally while servicing your day-to-day banking needs.
You can have a UK bank account or one located in an offshore centre, depending on which is best for your financial and tax planning needs. Wherever your account is located, you have the confidence of knowing that these are well-run, stable territories and that the world-renowned Barclays name is behind the service.
While the potential to receive interest gross can be an obvious benefit, you may have further tax planning opportunities that are not so apparent. This is why we offer introduction to our preferred tax-advice partner, leading international financial services firm, Ernst & Young, whose tax services can help you determine your residence (and, where relevant, 'domicile') status for tax purposes, and help you devise strategies to derive benefits and avoid pitfalls.
Our bank accounts for non-resident clients have the full range of facilities that you would expect from a major international bank.
Apply now to open a bank account with Barclays Wealth International.
You can also call us on +44 (0)141 352 3986†, or use our call back service.
UK non-resident bank accounts
Our bank accounts offer all the functions required for international banking while servicing your day-to-day needs. But this is no standard package as we offer a choice of location, currency and account type.
You can choose to have your account located in the UK or offshore in Jersey, the Isle of Man or Gibraltar, in sterling, euros or US dollars. Day-to-day banking needs can be provided by telephone and internet banking through the iBank international bank account range. For those with more complex requirements we offer a Relationship Manager service.
In all cases, your Barclays Wealth International account is the gateway to a host of extra services, including loans and mortgages, savings and investments, as well as wills and estate planning.
UK non-resident tax rates
As a recognised UK non-resident you can arrange to receive interest on a UK-located savings account free of 20% withholding tax. So it is worth taking the time to ensure your tax status is clear.
UK rules on non-residence are complex and can involve a variety of factors, including intentions and day-counting for visits to the UK.
If you are a citizen of somewhere other than the UK then you may want to check the rules on non-residence with your tax advisers or the tax office in your home country. Tax law varies in each territory. For example, American citizens have to pay tax to the Internal Revenue Service wherever they live.
Criteria for opening a non-resident bank account
To open a bank account for you, all we need is to clearly establish your identity and place of residence. This can be done by bringing in person your passport and a recent utilities bill.
However, if you are not able to provide such items in person, they can be copied and sent to us as long as these copies are certified. However, the copies will have to be certified.
You can also call us on +44 (0)141 352 3986† and we will be pleased to help you with this procedure, or use our call back service.
Online bank accounts for non-residents
With an online banking facility you can attend to your banking needs at a time that suits you, using the internet. Beyond this, we offer a discount on the standard tariff for international payments made online (subject to a £50,000 or local currency equivalent maximum daily limit).
Your online security is a top priority for us. As well as using the latest security technology to handle your electronic transactions, we provide you with a unique membership number and pass code so you can access your UK bank account when you want.
Apply now to open a bank account with Barclays Wealth International.
You can also call us on +44 (0)141 352 3986†, or use our call back service.
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.
† Lines are open 7am to 8pm weekdays and 8am to 5pm weekends and UK bank holidays, local time. Call charges may vary. Please check with your local telecoms provider. Calls may be recorded for training and security purposes.
The products and services described on this page are provided by the following companies, which are part of Barclays Wealth: Barclays Bank PLC in England and Wales, Barclays Private Clients International (Gibraltar) Limited in Gibraltar and Barclays Private Clients International Limited in the Isle of Man, Jersey and Guernsey. For further information on these companies and Barclays Wealth please read the 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 Wealth company reserves the right to make a final determination on whether or not you are eligible for any particular product or service.
