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local bank vs offshore vs UK bank


#1  2012-05-26 20:54:41

mikesharp
Active member
Registered: 2011-04-12
Posts: 32

local bank vs offshore vs UK bank

Hi guys, I was wondering from your personal experience what do you use for banking?

I'm thinking of an offshore account which I will open before I arrive to KSA.

cheers
mike




 
 
 
 

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#2  2012-05-27 11:16:00

LoopyLou87
EB member +
LoopyLou87
From: Riyadh
Registered: 2011-11-12
Posts: 526

Re: local bank vs offshore vs UK bank

Hi, please share what offshore account you are looking at/using (PM me) I am looking but I am so confused by all of these but my husband keeps telling me to look for something. UK accounts have quite low interest rates in comparison, but obviously are a little safer in terms of dissapearing with all your cash. At least I know who RBS and such are.




 
 
 

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#3  2012-05-27 21:22:18

trevorcox
Active member
trevorcox
From: Riyadh
Registered: 2012-05-23
Posts: 61

Re: local bank vs offshore vs UK bank

Good Evening
HSBC Jersey is as good as any for a brit --especiall if you have an HSBC UK account.
Other wise any of the main stream banks have off shore facilities.

Regards




 
 
 

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#4  2012-05-27 21:33:05

mikesharp
Active member
Registered: 2011-04-12
Posts: 32

Re: local bank vs offshore vs UK bank

Well, HSBC requires to have 25K. From the website:

Am I eligible?
If you have £25,000, or currency equivalent, and you're aged 18 or over, you're eligible to bank, save and then invest with us.




 
 
 
 

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#5  2012-06-22 12:14:36

RehabDoctor
Serial expat
From: London
Registered: 2012-04-13
Posts: 275

Re: local bank vs offshore vs UK bank

Lloyds offshore is good option with free international transfers and you only need to have a balance equal to £2500 to avoid monthly fees. I have looked at different options this one is most cost effective.




 
 
 
 

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