Offshore banking with HSBC Expat – what expats need to know

Things you should know

You could benefit from our products and services if:

  • You need to make international payments or have accounts in different currencies
  • You live outside your home country
  • You move regularly between different countries
  • You're looking for an economically stable home for your money
  • You're thinking of retiring abroad

Do I need to be an expat?

No, you don't have to be an expat. However, our multicurrency accounts and wealth management services are specifically designed for expats, or customers who regularly make international payments.


Minimum balance and age requirements

New customers need to hold a minimum of £60,000 or currency equivalent in deposits and/or investments with us. All customers must be aged 18 or over.

HSBC Premier is free of monthly charges, however, a £35 underfunding fee will apply for any given month where your Relationship Balance falls below the minimum Relationship Balance of £60,000.


Our fees and charges

From credit card charges to overdraft fees you'll find details on all our fees and charges in our Tariff of Charges.

Visit the Download Centre to download our tariff of charges


Tax obligations

Tax rules differ from country to country and residents of certain countries are subject to different tax reporting agreements. Find out the key things you should know about how information is reported to the relevant tax authorities.


Our Global Tax Navigator can give you more guidance on how your tax obligations could change if you move to a different country.


While banking offshore may have tax related benefits for you, tax rules differ from country to country. If you're unsure about your personal tax obligations, you should seek professional advice. It's your responsibility to disclose your income to the tax authorities.

Currency equivalent applies to all the figures quoted on this page.

Apply for a Bank Account

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


Apply now


Find out more
Introduction to expat banking

Understanding expat tax

Discover some of the key things to think about when managing your tax commitments both at home and abroad.

Watch the video