Thread: Lloyds offshore account

This is the account

Lloyds TSB Offshore International Banking, International Account

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

I have a Lloyd's offshore account.

Never had a bother with them really.

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.

Got a Lloyds TSB Offshore account in GBP and another in US$
Isle of Man accounts
No problem in 10 years

Ok cheers. Seems to be a positive experience then.

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 !!!!

^ 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.

I use them too. After set up they are very good.

Are you not worried about Lloyds exposure to HBOS now?

HBOS dropped 41% yesterday Lloyds 12%

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

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?

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

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.

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.

Originally Posted by Butterfly

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.....

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,

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

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...

^^ They wouldn't be interested in a poor old Aussie living in a rice paddy in Thailand would they?

Originally Posted by Bung

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.

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...