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  1. #1
    Tonguin for a beer
    Bung's Avatar
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    Lloyds offshore account

    Anyone use this account? I've looked around and seems ok to me and easy to open. I'm with HSBC USA, would like to get the money out and now I am paid in Euros I need $US as well as euro account which they do. I wouldn't mind using HSBC off shore but they charge 20 quid a month if a "relationship balance" of 25 000 quid drops below that. I'm quite happy with HSBC USA, they have been great but no chance of a euro account with them.

    Trouble is the more I look into it the more confused it gets and lots of people slag them off (as well as all the other banks)

    The Lloyds account is only US$ 7.50 a month and $100 minimum so pretty good compared to the others. I don't need a "relationship manager".

    Alternatively (and preferably) I would like to open a similar account in singapore. I've looked around online and it seems possible but it appears I would need a sing $ account to run the US$ and EU$ from as well as a local address.

    I just need somewhere to keep US$ and EU, a debit card, internet banking and send money to my Thai account to keep me going there.

    Any ideas appriciated.
    Fahn Cahn's

  2. #2
    Tonguin for a beer
    Bung's Avatar
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    This is the account

    Lloyds TSB Offshore International Banking, International Account

    can have a $US and bang on a EU account for free.

  3. #3
    សុខសប្បាយ
    EmperorTud's Avatar
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    I have a Lloyd's offshore account.

    Never had a bother with them really.

  4. #4
    Tonguin for a beer
    Bung's Avatar
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    As long as I can use it the same as a normal bank I will go for it. Lots of people complaining but then again they probably did something stupid.

    Tales of not being able to use ATM's, over the top internet banking security, non existant phone support and lost transfers.

  5. #5
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    Happyman's Avatar
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    Got a Lloyds TSB Offshore account in GBP and another in US$
    Isle of Man accounts
    No problem in 10 years

  6. #6
    Tonguin for a beer
    Bung's Avatar
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    Ok cheers. Seems to be a positive experience then.

  7. #7
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    Happyman's Avatar
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    If you go for the Lloyds TSB PM me first .
    they give a 25 gbp introductory payment to existing customers that introduce a new one!
    I introduce you and we go 50% 50% on the bonus !
    gotta be worth a few beers !!!!

  8. #8
    Tonguin for a beer
    Bung's Avatar
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    ^ Absolutely!

    I'm going to go for it but I will have to wait for the mrs to send out a bank statement for proof of address first.

    I'll PM you.

  9. #9
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    frank barber's Avatar
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    I use them too. After set up they are very good.

  10. #10
    Thailand Expat

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    Are you not worried about Lloyds exposure to HBOS now?

    HBOS dropped 41% yesterday Lloyds 12%

  11. #11
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    Butterfly's Avatar
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    Thanks for the link,

    HSBC offshore is a total ripoff, bad service and super expensive,

    US banks are usually cheaper and a bit better than those "offshore" banks, surprised they don't offer Euro accounts

  12. #12
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    Quote Originally Posted by Butterfly View Post
    Thanks for the link,

    HSBC offshore is a total ripoff, bad service and super expensive,

    US banks are usually cheaper and a bit better than those "offshore" banks, surprised they don't offer Euro accounts
    I have used Standard Chartered Bank in Singapore for more than 15 years and have both S$, US$ and EUR accounts with them. Top service, never had a complaint. Unlike the Isle of Man and the channel Islands, Singapore is actually a place I visit from time to time. In fact, I am actually planning to close down my Guernsey account with HSBC as I have found them to be completely useless.
    Any error in tact, fact or spelling is purely due to transmissional errors...

  13. #13
    Tonguin for a beer
    Bung's Avatar
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    Quote Originally Posted by mrsquirrel
    Are you not worried about Lloyds exposure to HBOS now? HBOS dropped 41% yesterday Lloyds 12%
    I have no idea what that means....Lloyds shares dropped 12%?

    I would like a Sing account as I too visit there from time to time but will need a debit card to use world wide. I guess I would lose a bit using Sing $ in the US and Europe?

  14. #14
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    Scams Lloyds TSB today

    All you guys using Lloyds TSB be aware.

    I had two apparently genuine e-mails earlier today asking me to upgrade my internet banking security etc., fortunately when I clicked on the llink supplied, my anti-virus thingy told me it was a known fraudulent site.

    Lloyds TSB has a scam reporting facility and I forwarded the mails to them.

    Please be careful out there....
    And Relax.........

  15. #15
    I am in Jail
    Butterfly's Avatar
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    Singapore is quite a good place for banking, unfortunately, at least in the last 3 or 4 years, they have been demanding in terms of compliance for opening an account. Non-resident can't open an account unless they are sponsored by a local. Some banks plainly refused to open an account with me.

    I had to wait another 6 months to get an International Credit Card, service is OK, but it's still better than the "offshore" banks,

    no maintenance fee for minimum balance, and Internet Access

  16. #16
    Tonguin for a beer
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    Do you know if in Sing you can have a US$ and Euro account and have a debit card off that or do you need to have a Sing $ account? Is it at all possible to open account without a local address?

    Cheers for the heads up Frank, always need to be aware when internet banking or any web based thing that requires payment. ebay is a classic scammers playground for example.

  17. #17
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    Not sure if op is a US citizen-- think it is quite difficult for such to open an account in singers if not resident there with WP. Never used them but know that Everbank (online bank- post count too low to post link but easy to find) in the US does foreign currency accounts- assuming that "offshore" is not also a goal.

  18. #18
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    Whiteshiva's Avatar
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    Quote Originally Posted by Butterfly View Post
    Singapore is quite a good place for banking, unfortunately, at least in the last 3 or 4 years, they have been demanding in terms of compliance for opening an account. Non-resident can't open an account unless they are sponsored by a local. Some banks plainly refused to open an account with me.
    One may only wonder as to the reason why, Butters....

    Anyway, here are the actual requirements for opening accounts with Std Cht bank, Singapore, with links to the relevant web sites:

    Cheque and Save Account - Standard Chartered Bank Singapore

    Check & save Account:

    Account opening requirements
    • Nationality: Singapore Citizen / Singapore Permanent Resident / Foreigner
    • Age: Minimum 21 years old
    • Initial deposit: Minimum S$5,000
    • Documents required: Identity card / Passport

    Foreign Currency Cheque and Save Account - Standard Chartered Bank Singapore

    Foreign Currency Cheque and Save Account

    Account opening requirements
    Eligibility
    • Individuals aged 21 years and above
    • Non-profit / Charitable organisations, clubs, societies and associations


    Also, if you have a total amount of more than 200,000 S$ in the bank, you get "priority banking" with a dedicated "minder", which greatly speeds up and simplifies everything.

    I guess Butters dropped in with the equivalent of a ladyboy's barfine and was told to get lost.....

  19. #19
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    The only reason you may have to be careful with any of the offshore accounts in IoM, Jersey etc, is that they are not covered by the minimum loss agreement by the UK government

    so if the bank goes, so does all your deposit

    In the UK, at least you get up to 50K guaranteed now
    I have reported your post

  20. #20
    I am in Jail
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    Quote Originally Posted by Whiteshiva
    I guess Butters dropped in with the equivalent of a ladyboy's barfine and was told to get lost....
    you wish

    other banks (didn't try yours) didn't say specifically on their requirements you couldn't open, but in fact you couldn't, they were all citing some silly MAS directive,

    anyway 15 years ago things were different,

  21. #21
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    William's Avatar
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    With the British Govt. purchasing 40% of LTSB/HBOS today, account details (re Inland Revenue) of offshore accounts may make interesting reading

  22. #22
    Tonguin for a beer
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    Quote Originally Posted by DrAndy
    The only reason you may have to be careful with any of the offshore accounts in IoM, Jersey etc, is that they are not covered by the minimum loss agreement by the UK government so if the bank goes, so does all your deposit In the UK, at least you get up to 50K guaranteed now
    You sure about that? I think I read that Lloyds offshore was covered up to 35k stirling. I'll try and find it...

  23. #23
    Tonguin for a beer
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    ^^ They wouldn't be interested in a poor old Aussie living in a rice paddy in Thailand would they?

  24. #24
    សុខសប្បាយ
    EmperorTud's Avatar
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    Quote Originally Posted by Bung View Post
    Quote Originally Posted by DrAndy
    The only reason you may have to be careful with any of the offshore accounts in IoM, Jersey etc, is that they are not covered by the minimum loss agreement by the UK government so if the bank goes, so does all your deposit In the UK, at least you get up to 50K guaranteed now
    You sure about that? I think I read that Lloyds offshore was covered up to 35k stirling. I'll try and find it...
    The Facts About The Savings Guarantee - 29/09/2008

    Apparently you are not protected.

  25. #25
    Tonguin for a beer
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    Well done Tud, I couldn't find it. Something to bear in mind. It is usually something you would never have to worry about (haven't had to in my lifetime)

    Until now...

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