So what is the biggest benefit of offshore banking? To start with, it is the opportunity of being a customer of your favorite bank even if the bank is located in other country. Aside even more obvious facts, one of the biggest benefits of offshore banking are tax savings. In fact, people often open offshore accounts exactly because of this very reason; no inheritance taxes, no capital gain taxes etc. This type of account is also ideal for businessmen that are dealing with different currencies. Not only businessmen benefit from offshore accounts; it is also ideal for frequent travellers that need to have access to their bank accounts more than often.
What you get with Lloyds TSB offshore banking is an easy international access to your offshore accounts from anywhere in the world, financial advantages such as fee free accounts and multiple currencies and finally, security and stability. Same as Lloyds TSB Internet Banking, offshore banking is available 24 hours a day. In fact, offshore banking is part of the Lloyds TSB Internet Banking. Lloyds TSB offshore banking interest rates are more than competitive and the features that bank provides to its customers are unparalleled. Other than 24 hours access, Lloyds offers phone banking as well as internet banking services, wide choice of currencies and secure fund transfers.
Lloyds TSB offers several types of offshore accounts. International Incentive saver account, fixed term deposit, limited accounts deposit, international bonus saver account and money market call account. After you have made your choice of which account you want to open, there is an application form to fill in. process doesn’t take long. This application form has 7 steps; you are given 15 minutes for each step to complete. If you failed to fill in the form within this time, you have to start registration from the beginning. You need to enter your email address and residential address where you have spent the last 3 years. Once you have completed registration process you will receive the confirmation email. After submitting the confirmation you will have to wait 2 days while application is being processed. You will be asked to present supporting documents, and once you submitted all the necessary documents, your account is ready to use. Lloyds will send you a confirmation letter within 5 days.
“Lloyds TSB International has recently won several awards showcasing our dedication to bringing you the best possible service and products”
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