UK offshore bank accounts
Barclays offshore UK bank accounts for non residents
At Barclays,we help our clients to engage in UK offshore banking in ways that suit their individual circumstances.
And of course, using us for international banking means that you may take advantage of potential tax benefits from locating your account in an offshore centre while also having a bank account that takes care of your day-to-day needs around the world.
We know you will appreciate offshore bank account tax planning potential benefits, but you'll naturally have concerns about security. That is why we ensure the locations of our offshore banking service operate to the highest standards.
With this reassurance in mind, you and your tax advisers can select the best base for your offshore bank account. This will involve examining the range of different services available to find the right match for you. We do not give tax advice, but with that in mind, we can introduce you to leading financial services firm Ernst & Young, our preferred partner for tax advice.
We are ready to take you through the steps of how to open an offshore bank account to make sure things go smoothly.
To find out more about our UK offshore banking, call us on +44 (0)141 352 3986†, or use our call back service.
UK offshore banking
Our offshore banking centres are well established and have strong links with the UK. The Isle of Man, Jersey and Guernsey are British Crown dependencies, while Gibraltar is a British Overseas Territory.
They also have stable governments and operate internationally recognised financial and legal systems. The governments of these territories fully recognise their responsibilities for investor and depositor protection.
For example, the Isle of Man has a depositors' compensation scheme that reflects the protection given to onshore UK bank deposits by the Financial Services Compensation Scheme, providing full cover on deposits up to £50,000.
The governments of both Jersey and Gibraltar have also made similar strong commitments to account security.
Advantages of offshore banking
The main advantages of having an offshore bank account are often seen as being potentially able to have gross interest paid in to your account because of the tax legislation in those territories.
While this can provide benefits to you if you are a UK resident non-domiciled, each offshore territory may offer further tax planning opportunities for investment and estate planning. They also offer company structures and other legal devices that are not available in the UK.
At Barclays, we want to ensure you make the best of these opportunities, and we can introduce you to our preferred tax advice partners, top financial services firm, Ernst & Young, so you can receive the best tax planning advice.
Offshore bank interest rates
Wherever your account is located, Barclays is committed to providing you with a range of short-, medium- and long-term savings opportunities that provide a good return.
Locating your bank account in one of our offshore locations means that interest is payable gross, and these tax-free returns mean your money will grow more rapidly.
We offer a range of accounts in each location, so please contact us to check on the accounts available and current offshore bank interest rates.
How to open an offshore bank account
Find out more about our offshore services and how to apply for an account, along with terms and conditions such as minimum deposit amounts:
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 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.