We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Offshore Accounts - Help!

Hi,

I need to open an offshore bank account that isn't affected by the EU Directive.

It will be a personal account and I want to be able to open it without visiting the country it is held in. I will need to make monthly transfers into the account from the UK and will need a cashpoint card to remove money from it.

Advice and information desperately needed. Thanks.

Comments

  • mroller
    mroller Posts: 397 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    what about an account in Burma?
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    Wiki lists the offshore banking centres.

    http://en.wikipedia.org/wiki/Offshore_bank#List_of_offshore_financial_centres

    I assume that you are not doing anything illegal, or considering doing so, since I do not want to be seen as aiding and abetting any illegal activity.

    BTW, if you are looking to open an account an offshore account you may have to provide a large opening deposit. Possibly US$50k+.

    I very much doubt whether you will be able to get a debit card from a bank outside the EU/Switzerland, although depending on the account, a credit card may be possible.
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.3K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.