Lloyds TSB that is part of TSB Group is a UK based bank that provides offshore banking services to both individuals and corporate clients that are not residents of UK and therefore are allowed to enjoy benefits of Lloyds offshore banking services. Although Lloyds offshore can still provide some of the services to the people permanently living and corporate entities incorporated in Channel Islands (Jersey, Guernsey) and Isle of Man, for individuals and businesses in United Kingdom these services remain inaccessible. For international citizens Lloyds offshore banking services are undoubtedly one of the most attractive compared to its competitors.
For physical persons Lloyds offers international bank account that can be opened in three major currencies (British Pound, US Dollar and Euro) and costs only 7.5 pound/dollar/euro respectively. Besides account is provided free of change for the first three months and if an individual has more than one account, the maximum charge per month is 7.5 pound/dollar/euro respectively. Internationally recognized free bank card (VISA, MasterCard) is given to account holders. Bank accounts are available, with different term, rates and ability to withdraw money. In many cases clients require some combination of these accounts to fully satisfy their needs.
For Lloyds Premier Account no monthly fee is applicable, however there is an additional requirement to keep minimum account balance. Currently the minimum requirement is £100,000, or $150,000, or alternatively €150,000. Premier
account enjoys preferential rates.
Lloyds offshore banking customers are assigned account manager/adviser that researches client’s needs and requirements and modifies banking services to best suit needs of the client. Private banking is convenient for those, who do not have time and abilities to manage their investments and prefer to assign such duty to an expert. Lloyds provides offshore banking service that is flexible, convenient and simple.