Optimum Bank Account
Life is a lot simpler when you can pay and get paid in a major international currency. The Optimum current account offers you that and much more, like secure 24/7 digital banking and a Visa debit card.
£
5 000
Minimum opening deposit
$
7 000
Minimum opening deposit
€
7 000
Minimum opening deposit
AU$
7 000
Minimum opening deposit
£
5 000
Minimum account balance
$
7 000
Minimum account balance
€
7 000
Minimum account balance
AU$
7 000
Minimum account balance
£
60
*
Quarterly Maintenance fee
$
90
*
Quarterly Maintenance fee
€
90
*
Quarterly Maintenance fee
AU$
90
*
Quarterly Maintenance fee
GBP, USD, EUR, AUD
Supported currencies
*
If minimum balance not maintained
*
If minimum balance not maintained
*
If minimum balance not maintained
*
If minimum balance not maintained
Why bank with us
Full service offering
Do more than day-to-day banking with international savings, investments, loans and forex
Trusted worldwide
Standard Bank Group has served the banking needs of clients around the globe for nearly 160 years
Accessible anywhere
Use our secure Online Banking or the mobile app to manage your international savings and view account activity.
Global footprint
We have offices in the International Financial Centres of Jersey, Isle of Man and Mauritius
Benefits of the Optimum Bank Account
Major currencies
The choice is yours: open your bank account in sterling, US or Australian dollars, or euros
Easy payments
Your international bank account lets you make and receive transfers from around the globe
Digital first
Transact online or on the mobile app for day-to-day banking transactions, and much more
Visa card
Opt in to get a Visa debit card to pay conveniently online or with tap and go at the till point
What you get
- An international bank account available in GBP, USD, EUR and AUD
- Unlimited deposits and withdrawals when banking at home or abroad
- A Visa debit card for easy payments and withdrawals worldwide *
- Access to international savings accounts and foreign exchange
- Standing Orders on all Optimum bank accounts and Direct Debits on sterling accounts
- Online banking for international payments, transfers and to manage your account
- Mobile banking to manage, view, link and transfer funds between your accounts
* Fees and charges apply
See Optimum Bank Account fact sheet
Your Visa debit card unlocks a world of luxury benefits, offers and discounts. Visit the Visa benefits page to learn more.
What it costs
- No account maintenance fee if a minimum balance is maintained *
- Visa debit card annual fee - £15/$25/€20/AU$25
- Visa debit card withdrawal fees - 1.75% (minimum £2/$3/€3/AU$3.50)
- See the pricing guide for details on transaction fees
* The average balance over any quarter must not fall below the minimum opening balance amount. Should this happen, an account maintenance fee of £ 60, US$ 90, € 90, AU$90 per quarter applies.
How to get it
- You need to be 18 years or older
- Make the minimum opening deposit
- Proof of address and identity (certified or original copies)
Terms and Conditions
-
What you get
-
What it costs
-
How to get it
-
Terms and Conditions
- An international bank account available in GBP, USD, EUR and AUD
- Unlimited deposits and withdrawals when banking at home or abroad
- A Visa debit card for easy payments and withdrawals worldwide *
- Access to international savings accounts and foreign exchange
- Standing Orders on all Optimum bank accounts and Direct Debits on sterling accounts
- Online banking for international payments, transfers and to manage your account
- Mobile banking to manage, view, link and transfer funds between your accounts
* Fees and charges apply
See Optimum Bank Account fact sheet
Your Visa debit card unlocks a world of luxury benefits, offers and discounts. Visit the Visa benefits page to learn more.
- No account maintenance fee if a minimum balance is maintained *
- Visa debit card annual fee - £15/$25/€20/AU$25
- Visa debit card withdrawal fees - 1.75% (minimum £2/$3/€3/AU$3.50)
- See the pricing guide for details on transaction fees
* The average balance over any quarter must not fall below the minimum opening balance amount. Should this happen, an account maintenance fee of £ 60, US$ 90, € 90, AU$90 per quarter applies.
- You need to be 18 years or older
- Make the minimum opening deposit
- Proof of address and identity (certified or original copies)
Digital Application Guidance
You’re just a few steps away from opening your new Offshore account.
Frequently asked questions
How does a foreign currency account work?
An overseas bank account lets you diversify, transact and save in a chosen foreign currency. Your Optimum current account supports GBP Pound Sterling, US Dollars, Euro and Australian Dollars.
Which is the best country to open an international bank account?
- Deciding where to open a foreign currency account will depend firstly on your specific needs.
- The Isle of Man is a popular destination for international expatriates and non-residents due to its economic stability, mature financial sector and investor-friendly regulatory environment.
- The island is a crown-dependency located in the British Isles that is independent of the UK and the EU.
- These qualities led us to establish a presence in the Isle of Man over 30-years ago from where we assist clients to securely transact, save and invest internationally with ease.
Can I pay online internationally with my Visa debit card?
- Yes, you can activate your Visa debit card through Online Banking or on our Mobile Banking App.
- You can then make easy point-of-sale payments and withdrawals worldwide, as well as online international payments.
How do I open an international account?
- You must be 18 years or older to open an account.
- You will be required to supply proof of address and identity, and must meet the minimum opening deposit amount of £5,000, EU7,000, US$7,000 or AU$7,000.
- For more information, South African applicants can email us at [email protected]
- All other applicants outside of South Africa can email [email protected]
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Tips and guidance
A comprehensive guide to your Visa debit card
A comprehensive guide to your Visa debit card
Welcome to the setup guide on how to order, activate and manage your Visa debit card linked to your Standard Bank Offshore bank account.
International payments made easy
International payments made easy
A step-by-step guide through the process of making online payments from your Standard Bank international account.
How to pay and get paid
How to pay and get paid
Understand the different ways of paying into your account and making regular payments out of your account.
