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5 ways an offshore bank account breaks down borders -14 Formats image
International banking 101 8 Jul 2024

5 ways an offshore bank account breaks down borders

In today’s fast-paced global economy, borders have become blurred, but financial barriers can sometimes remain. Fortunately, trusted banking solutions are available to help break down these barriers.

Whether you are a frequent traveller, expatriate or investor, an offshore account can provide the flexibility, security, and global access you need.

Here are five ways that offshore accounts can make global living simple and straightforward: -

1. Simplifying international transactions

With the Optimum Bank Account or Platinum Optimum Bank Account, making international payments is simplified, meaning your money reaches your intended recipient quick and securely.

Our 24/7 online banking and mobile banking app ensure that you have access to your accounts anytime, anywhere, while your Visa debit card means you can make purchases conveniently online or in-store worldwide.

2. Mastering currency management

The Optimum, Platinum Optimum and Seafarer accounts offer both choice and flexibility. Through our single platform you have a choice of accounts in GBP, USD, EUR and AUD, which allows you to hold, manage and exchange currencies in separate accounts in the same location.

Managing funds between these accounts is all that much simpler with our digital banking platforms that allow you to transfer from one account to the other as and when you need.

3. Worldwide access

Access your money through our global ATM network and online banking services, allowing you to get your money wherever you are.

Standard Bank has partnered with global networks to help lower the cost of transacting internationally, while offering all the protections you would expect when you pay at the till, withdraw money from an ATM or shop online.

For international clients working as yacht crew, we are able to offer an account that has no account maintenance fee or annual Visa debit card fee.

4. Unlocking global investment opportunities

When you start banking internationally you also open doors to global investments that might not otherwise be available to you.

Many countries allow investors to diversify their investments by investing internationally, often with exchange controls attached. However, if you have funds in an international account, you can invest in offshore opportunities without needing to worry about these controls as long as you’re trading in the same currency.

Standard Bank Offshore does not provide financial planning advice and we always recommend customers work with a suitably qualified financial adviser when making investment and financial planning decisions.

We have a range of investment solutions for clients to invest into and diversify their portfolios.

5. A global financial toolkit

Whether you’re living, studying or travelling abroad, anyone can benefit from the simplification and features of an international account.

Not only is international banking as convenient as at home, but adding a global perspective to your financial plan is a sensible move. Using your offshore bank account as the stepping stone, you can unlock a host of features, benefits and financial tools that will help build your long-term wealth.

By breaking down borders and opening up a world of possibilities, these international services empower you to live, work, and invest anywhere on the planet.

Take the opportunity to master your global finances and apply online today to experience how our international banking solutions can simplify your life journey and equip you with the tools you need.