Check the market – shop around to find the right savings plan for you. Offshore accounts are perfectly legal but traditionally they are private, usually with excellent interest rates. Find out more at Santander.co.uk Personal Online Banking: Log on or sign up Access your account information online with internet banking from Santander; manage your … Interest paid on your savings is treated as income and you may have to pay tax on it depending on your circumstances. Santander Financial Services plc’s Financial Services Register number is 146003. The length of time that savers choose to deposit their money depends on personal financial time frames and other budget and savings considerations. There are a number of advantages in opening a Santander offshore savings account, including the following: When trying to save money for the future, there are several options open to cash savers. 5. Online Banking with us is simple and includes all the features you need to manage your current accounts, credit cards, savings, cash ISAs, investments and Flexible Offset Mortgage. Some providers for example will allow one withdrawal during the term without penalties. All accounts opened with Santander Financial Services plc, Isle of Man Branch have situs in the Isle of Man and therefore eligible deposits are covered by the Isle of Man Depositors’ Compensation Scheme as set out in the Isle of Man Depositors’ Compensation Scheme Regulations 2010 and not covered by the UK Financial Services Compensation Scheme or by the Jersey Bank Depositors Compensation Scheme. If you’re applying for an international account you need to have a current account with HSBC UK already. Santander offshore banking is offered through Abbey International, which is owned by Santander, providing a range of Santander offshore banking products to meet a variety of needs. * excluding clients whose residency is in a European Union country. Tax is payable on interest accrued unless you are a non tax payer in which case you can receive interest gross if you complete HMRC tax form R85. Instant approval once we verify your details. All accounts opened with Santander Financial Services Group plc have situs in the UK and are therefore covered by the Financial Services Compensation Scheme established under the UK Financial Services and Markets Act 2000. Since its entry into the UK market in 2004, Banco Santander has acquired three former British building societies and formed the retail and commercial bank that stands today. We provide current accounts for UK registered businesses with simple banking needs and up to 2 directors, owners (shareholders) or partners. The basic requirements are going to be similar to opening an account in your home country. Full details of the Scheme and banking groups covered are available on the States of Jersey website www.gov.je/dcs, or on request. 2. Minimum deposits can vary from £500 to over £2000. If you don’t pay tax you can receive interest gross if you complete HMRC tax form R85. Read about how we use cookies and how you can control them here. Ready when you are with the fastest and simplest way to apply and close on a Santander Mortgage or HELOC. Money is available in your account immediately, Manage your account 24/7 from any device – Get real time balance information, statements, add payees send payments and apply for extras, Your money is protected up to £85,000 by the FSCS (Financial Services Compensation Scheme), Monthly account fee ranges from free to £9.95 depending on account chosen, Access to Regular Saver Account paying 1.00% AER/Gross fixed for 12 months if saving between £25 and £300 a month (up to £3,600 per year), £250 interest-free overdraft (subject to status), Easy switching with the Current Account Switch Service, Get the £100 when switching as a new customer and paying in at least £1,000 within three months of the account opening, 0.30% AER (variable) payable on your entire balance up to £20,000, Up to 3% cashback on household bills – 1% on council tax bills, Mobile and home phone bills, broadband and paid-for TV packages, and Santander monthly mortgage payments. No credit checks to apply. Primary account holder must be at least 18 years of age. Fixed rate bonds are cash deposit based and you will get back your original deposit plus any interest owed unless the bank or building society gets into serious financial difficulty. Most accounts opened within 3 hours, UK registered business only. Typically these locations will also be supposed tax havens, such as the Isle of Mann, Gibraltar or Jersey. 3. Each is targeted to a specific set of customers and has a clear business purpose. Business owner/ UK residents only, Set up your account in less than 10 minutes, ANNA doesn’t offer credit, which means the process is different by design – it’s fast, and applying won’t affect your credit score, ANNA creates and sends sales invoices for you, and politely chases payments due too, ANNA also schedules payments of purchase invoices, Connect your personal and business current accounts from other banks to ANNA to view balance and payment history in the ANNA app, ANNA will be ready for Making Tax Digital (MTD), Automatic integration with all accounting platforms, Mobile app lets you track spending and monitor transactions, Set spend limits, freeze and unfreeze your card or view your pin, Partnering with all the major high-street banks, connecting securely through Open Banking, No hidden transaction fees, even at the weekend, Apply online and receive your card in 3 to 5 days, Unlimited withdrawals with no hidden fees, Eligible deposits protected under UK’s Financial Services Compensation Scheme (FSCS), Business must have been registered for at least two years, have fewer than 250 employees, and have a total balance sheet of less than £36,550,000 or a turnover of less than £42,500,000, All associated persons (beneficial owners, people with significant control of business, directors, partners) must be residents in the UK, are UK taxpayers only, and are over 18 years old, First year’s platform access free (usually £50+VAT) for applicants through Fair Investment, Issue, load and monitor cards spend via the web-based platform. Awarded 5 stars by Defaqto too. Santander Financial Services plc, Isle of Man Branch has its principal place of business at 19 - 21 Prospect Hill, Douglas, Isle of Man, IM1 1ET and is regulated by the Isle of Man Financial Services Authority. The problems stem from the fact that if you are a UK citizen you have to declare your earnings so that you can be taxed. Take a look at our comparison tables before committing to a specific type of offshore account. You may only receive a return of your original capital, 1% interest on the entire balance once the balance is £100, 2.00% AER/1.98% gross (variable) on the entire balance once the balance is £1,500, 3.00% AER/2.96% gross (variable) on the entire balance once the balance is £1,500 or over (up to a maximum of £2,000), Debit or cash card available for those aged between 13 and 18, For children under age 13, the account must be opened in trust and managed by an adult (trustee), If you’re aged between 13 and 18 years old and live permanently in the UK you can apply online by telephone or in branch, Manage your money with easy budgeting, easy savings, insights and balance prediction, Stay in total control with instant notifications, real time controls and much more, right from the app, Get paid easily with bunq.me, simple bill-splitting, and instant requests, Option to set up Auto Save and every payment you make will be rounded up to the next nearest Euro, saving the difference, Sign up in 5 minutes – you only need your phone, address and ID, Experience total safety by blocking cards, changing PINs or adjusting limits in real time, Any card setting you change takes effect instantly, Send money across the world at the real exchange rate saving up to 3%, Send or receive money in 39 supported currencies, Up to 10 monthly withdrawals are included in your membership, home or abroad, Spend abroad without worrying about expensive rates and hidden costs, An easy to set up debit card. Wherever you are, whatever time it is, as long as you have an internet connection, you can log on and manage your accounts, Depending on the amount you deposit with us, you could receive a personalised service from a dedicated relationship management team or a tailored service from a Relationship Director who will work with you to understand your banking needs, Our Gold Account is an everyday current account, available in Sterling, Euro or US dollar currencies. Mark Byrne Business Development Director mark.byrne@santander.co.uk 07593 508 760 Depending on where you live, you can choose which will provide the … The differences, however, are that offshore accounts benefit from a number of advantages that come from being located in international offshore jurisdictions. Offshore bank accounts are bank accounts which are, unsurprisingly, located offshore. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. Whether you’re looking for flexibility or maturity, Santander might have the saving account for you. Pay in every currency without the fees, Investec Online Business Savings Account – 32 Day Notice, Any registered business in the EU including Sole traders, SMEs, Charities, Trusts, PLCs, & Multinationals, Aldermore Bank 6 Month Business Fixed Rate Bond, Shawbrook Bank 100 Day Business Notice Account, Shawbrook Bank 45 Day Business Notice Account, Earn 0.30% AER Fixed Interest for up to £20,000, Barnsley Building Society Savings Accounts, Beverley Building Society Savings Accounts, Britannia Building Society Savings Accounts, Cambridge Building Society Savings Accounts, Catholic Building Society Savings Accounts, Chelsea Building Society Savings Accounts, Cheltenham and Gloucester Building Society Savings Accounts, Cheshire Building Society Savings Accounts, Coventry Building Society Savings Accounts, Cumberland Building Society Savings Accounts, Darlington Building Society Savings Accounts, Derbyshire Building Society Savings Accounts, Dunfermline Building Society Savings Accounts, Harpenden Building Society Savings Accounts, Hinkley and Rugby Building Society Savings Accounts, Ipswich Building Society Savings Accounts, Kent Reliance Building Society Savings Accounts, Leek United Building Society Savings Accounts, Manchester Building Society Savings Accounts, Mansfield Building Society Savings Accounts, Marsden Building Society Savings Accounts, Melton Mowbray Building Society Savings Accounts, Monmouthshire Building Society Savings Accounts, National Counties Building Society Savings Accounts, Newbury Building Society Savings Accounts, Newcastle Building Society Savings Accounts, Norwich and Peterborough Building Society Savings Accounts, Nottingham Building Society Savings Accounts, Principality Building Society Savings Accounts, Progressive Building Society Savings Accounts, Saffron Building Society Savings Accounts, Scarborough Building Society Savings Accounts, Scottish Building Society Savings Accounts, Scottish Widows Instant Access Savings Account, Shepshed Building Society Savings Accounts, Skipton Building Society Savings Accounts, Stafford Railway Building Society Savings Accounts, Teachers Building Society Savings Accounts, Yorkshire Building Society Internet Saver, Yorkshire Building Society Savings Accounts, Compare Offshore Savings Accounts – Fair Investment Company, Compare our Best Structured Deposit Plans – Fair Investment Company, Earn up to 15% cashback with Retailer Offers, Stress-free account switching in 7 days with the Current Account Switch Service, Arranged Overdraft facility (subject to status), Online and Mobile Banking with text and email alerts, Must be 18 or older and live in the UK permanently, Get set up in minutes. Every $100 spent through Currensea could plant three trees, Latest bank security and encryption technology, Mastercard chargeback protection for all your purchases, Currensea is authorised by the Financial Conduct Authority, Open a GBP and EUR current account using your mobile in minutes, with no credit checks and no proof of address required, Track your account activity in real-time, get an overview of your monthly outgoings, set budgets and set your savings aside from your day-to-day spending, Get added peace of mind from instant updates on your mobile whenever you receive or spend money, Add money to your account instantly by debit card or bank transfer. Get the freedom to spend, save, move and invest your money whichever way you like, Spend in confidence, whilst saving money on your overseas purchases, Monese Multi-Currency Mobile App Bank Account, Multi-currency banking app that provides you with fast and free current accounts in 31 countries, Modern banking: set up and manage current account directly from your phone, Shawbrook Bank 2 Year Fixed Rate Business Savings Bond, Aldermore Bank 1 Year Business Fixed Rate Bond, Shawbrook Bank 1 Year Fixed Rate Business Savings Bond, Shawbrook Bank Easy Access Business Account, Zero monthly fees with a fast and straightforward setup, the digital bank account built for contractors, freelancers and small businesses, The Current Account of Today. One expat living in Spain with her partner recently received a letter from Santander IoM stating that her offshore savings account and its balance of £68,000 had been made dormant due to lack of activity. Read about how we use cookies and how you can control them. You can check this on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/register. As a client of SANTANDER UK plc, you have access to our online banking facilities 24 hours a day. It is therefore important to diarise the maturity of your bond and have in mind what you want to do with the money. For companies of all shapes and sizes. Our Telephone Banking and Online Banking services allows you to manage the accounts you hold with us, wherever you are in the world. www.santanderinternational.co.uk. Santander Private Banking in Jersey has joined forces with the award winning Multi Manager team at Santander Asset Management UK to offer its clients an offshore sterling denominated fund of funds range. In the unlikely event that this happens the Financial Services Compensation Scheme would pay compensation of up to £85,000 per account holder per authorised institution. The following banks and building societies have recently been absorbed into the Santander Group, for instance: Abbey National plc; Bradford & Bingley building society; and Alliance & Leicester… For savers who are prepared to tie up capital for a year or more typically higher rates of interest are available from savings providers. We provide a range of products and support for lending through overdrafts and credit cards of up to £25,000 with us for UK-registered businesses with simple banking needs and up to 2 directors, owners (shareholders) or partners. Some deals require you to have the interest paid into a current account – check the small print. All accounts opened with Santander Financial Services plc, Jersey Branch have situs in Jersey and therefore are not covered by the Financial Services Compensation Scheme established under the UK … Santander is a relatively new name to the UK banking scene, of course, but it is a name that now incorporates some familiar and well-known British institutions. It's accompanied by a Visa debit card for easy worldwide access to your money, Our foreign exchange service allows you to move money between different currencies and make international payments, Catch up on our latest news, customer notices and insights, We believe in supporting our local communities and helping to make a difference. Track your application status from start to finish. Why Open an Offshore Account? They can be used to stash euros and dollars (as well as other currencies), which can be handy if your salary is not paid in sterling. 9. Our accounts are available in Sterling, Euro and US dollars. An offshore savings account is held outside of the UK, allowing you to save as an expat and/or in different currencies as a UK resident Anyone with the right deposit and residency or citizenship requirement can open such an account If you have cash ISAs from previous tax years you may be able to transfer to a new Cash ISA provider offering a fixed rate bond cash ISA deal. Generally speaking the longer your savings can be locked away, the higher the interest rate you can get on your money. Some accounts will pay interest gross and it is up to you to declare any tax owed to the Inland Revenue. With our free online service you can compare features of Santander offshore banking from Abbey with other leading providers to help you get the most out of your money: 7. You can also top up quickly using cash at Post Office and Paypoint locations across the UK, Add Monese to your phone’s wallet and make smart, fast and secure contactless payments with Apple Pay or Google Pay, Spend on your Monese card and make ATM withdrawals worldwide with fee-free allowances and money-saving exchange rates, Send money to your contacts and request payments from them. This account offers a sterling-based transactional account in the United Kingdom. 2% on Gas and electricity bills, Santander Home Insurance premiums and Santander Life Insurance premiums, and 3% on water bills, Must be 18 or older and a UK resident Interest, Cashback only available when you set up at least two eligible Direct Debits, Cashback capped at £5 for each cashback tier each month, Must pay a minimum of £500 into the account each month, Arranged overdraft interest rate of 39.94% APR / EAR (variable), Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), Make more than three withdrawals and the rate drops to 0.01% AER/gross p.a. What is the tax treatment if you are a non taxpayer – If you are not a tax payer many providers will pay interest gross on submission of the relevant HMRC tax form. 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