As you know, Offshore Banking has its benefits and financial advantages such as high level of privacy and security, possibility to work with multiple currencies and much more.
Here is the information about how to open an offshore account with Lloyds TSB International Banking, what documents you need and what is the timeframe from final approval.
“Best Online Banking Provider 2011”, Lloyds TSB offers International Banking (offshore banking) with highest level of security and fast international money transfers. Even though International banking is a part of Lloyds TSB Internet Banking, there are special requirements to open an offshore account.
To apply for Lloyds TSB International Banking current account you must:
Be over 18 years old
Have gross annual income of 50 Thousand Pounds or to invest 25 Thousand pounds or more with Lloyds TSB within 3 month from the account opening day.
These criteria do not apply if you are a client of Lloyds TSB, Bank of Scotland or Halifax. Even though opening an account is fee free, any customer that opens an account must make an initial deposit within six weeks from the day of account opening.
You will need a valid email address and physical address that you have spent past 3 years or more.
Registration takes more than 1 hour. There are 7 steps to complete and numbers of web forms to fill out. You have 15 minutes for each step to complete; you will have to start from beginning.
After submitting your application, Lloyds TSB will send you a confirmation email and you will have to wait 2 days, within 2 days Lloyds will review your application and send you an email with list of supporting document which may be required to open your account. After reviewing support documents, Lloyds will open your account and send you an email with welcoming letter within five working days. And send you Credit/Debit Cards and your Cheque book within 10 working days.
Lloyds TSB guarantees privacy and absolute security of your account. Fraud protection and special security protocol called Lloyds TSB Customer Zero Liability Protection system will not hold you responsible if something happens: In case of fraud, any kind of cybercrime, Lloyds will refund your money.
For more Information about Lloyds International Banking, account types and more visit Lloyds TSB official website.
Article Source: http://www.articlesbase.com/banking-articles/lloyds-tsb-offshore-accounts-4657322.html
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