Savings Help

Why an Offshore Bank Account?

There are many reasons why customers require an offshore bank account with the UK pound sterling as currency.

Guernsey (where Skipton International is based) has ensured that offshore bank accounts support legitimate customer needs. So why might an offshore bank account in UK sterling be appropriate?

  • You might be resident in an offshore location and be unable to access financial services offered by UK banks
  • You might have become an expat and find it difficult to access UK financial services due to your residency
  • You might be an expat who regularly moves location with your work. It is convenient having your offshore bank account in a secure location such as Guernsey, rather than opening and closing bank accounts on each move
  • You might be an expat in a country where banks do not support UK sterling savings, resulting in limited choice
  • You might have an offshore savings account with Skipton International because you value the award-winning personal service we offer. At Skipton we remember you are a person, not an account number

There is nothing illegal or morally wrong with holding an offshore bank account, provided, as with all bank accounts, that the funds have been legitimately gained and that you properly declare interest and any other details as required by your tax authority.

Skipton International has been a UK sterling offshore bank account provider since 1995. It understands its customers’ offshore requirements, namely to operate a prudent bank that offers some of the best offshore bank accounts and a focus on quality personal service.

Skipton has customers:

  • Resident in over 100 countries worldwide and using Skipton International for their expat savings
  • Having savings or earnings in UK sterling
  • Looking for some of the best offshore bank account interest rates
  • Acquiring wealth whilst working as an expat or obtaining an income from prior savings whilst enjoying a well-earned retirement overseas
  • Resident in an offshore jurisdiction, particularly the UK Crown Dependencies of Guernsey, Jersey and the Isle of Man
  • Resident overseas, but requiring their UK Sterling pension paid into a UK payment zone bank account
  • Appreciating the personal service received from an English-speaking offshore bank, registered in the highly regarded and well-regulated jurisdiction of Guernsey.
  • Operated in the same time zone as the UK

Please consider the accounts listed on our offshore savings account page