Also known as an overseas account, offshore bank accounts can make it easier to manage your finances across multiple countries or regions.
If you’re living or working overseas, you can use an offshore bank account to make regular payments or money transfers in multiple currencies. For example, you may have mortgage payments to make in your home country, and have living expenses to cover in the country or region you’re currently living in.
You can hold money, and make and receive payments with an overseas account, and you’ll be able to set up investment or savings accounts in multiple currencies.
Some of the reasons to open an overseas account, include:
As well as being able to hold money, and make and receive payments, some of the common benefits of an offshore account include:
Offshore bank accounts usually come with regular banking features, such as online and mobile banking, and a debit card.
You may be able to open an offshore account online, but this could depend on the provider of the account, where you are now and where you’re wanting to open the account.
You can apply for an overseas account with HSBC online, in branch or through our International Banking Centre. When you start your online application, we’ll let you know the best way to apply.
You’ll need to be 18 or over and have a valid reason for opening an account overseas. There may be different eligibility criteria to meet depending on where you want to open the account.
It takes around 14 days to open an account once you’ve submitted your application, but in some instances, this may take longer.
