The benefits of offshore banking with HSBC Expat

Banking offshore

Wherever you live, banking offshore gives you the opportunity to grow and protect your money in an economically stable and central location. So you can keep your money in one place while you move around the world.

Banking offshore also makes it easier for you to manage your finances in multiple currencies across different countries.

What is offshore banking?

Offshore banking simply means you have a bank account in a location outside the country you're living in. This location is usually a low tax jurisdiction.

Why bank offshore?

Most expats have a bank account in their home country to manage financial commitments like property payments and school fees. You also need a bank account in the country where you're living to cover things like your rent, utilities and shopping. Banking offshore provides a link between all your banking arrangements, giving you easy international access to your finances and a central home for your money.

What are the main benefits of banking offshore?

Convenience - stay with the same bank, no matter how many times you move country

Choice of currencies - a wide selection of multicurrency savings and investments to help you grow your wealth
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Expat expertise - specialists who can help you structure your investments and choose the right foreign exchange solutions
Read about our wealth managers and Foreign Exchange Specialists

Tax efficiency - banking offshore could be a tax efficient way to manage your money
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Find out more about our Bank Account

*Tax obligations: Whilst banking offshore may have potential tax benefits for you, tax rules differ from country to country. If you are unsure about your personal tax obligations, you should seek professional advice. It is your responsibility to disclose your income to the tax authorities.

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A flexible current account for expats - with a choice of currencies and cards

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Our products

Our products

From multicurrency accounts to global investments, our offshore products are designed especially for expats.

Wealth Management

Wealth Management

Our specialists in expat wealth management can help you grow and protect your wealth as you move around the world.

Foreign Exchange

Foreign Exchange

Need to convert one currency into another? Choose from our range of different foreign exchange solutions.

Got a question?

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