HSBC Offshore Banking
HSBC, also known as “the world’s local bank”
offers an extensive collection of services to expatriates that
help it live up to its marketed reputation. They market
themselves as such because of affiliations and connections with
banks throughout the world, allowing them to have a strong
global presence and the ability to provide near local service to
international customers. You can bank online or over the
telephone, allowing you access to your money and account
information at any time, anywhere in the world. This is made
possible by their flexible account structures and features
targeted towards the needs of the customer. They make it a point
to go above and beyond to provide their customers, no matter
where they live, with top of the line banking services.
HSBC is known for its success in the development of offshore
banking services which is why the HSBC offshore bank account is
one of their most exciting and in demand products. It is highly
sought after and one of the best selling banking products
available. HSBC has demonstrated its understanding of the needs
and requirements of those who utilize the services of
international bank accounts, from the expatriate to businesses
trying to hold assets overseas.
HSBC offshore banking is the HSBC division that is responsible
for handling international accounts and providing information
and customer support the account holders. Its focus is on
providing expatriate clients the same banking services that
could be expected of a local institution.
As far as relocating one’s finances abroad is concerned, HSBC
offshore banking services has been created as the one stop shop
for everything from temporary housing and setting up local
currency bank accounts to getting local currency credit cards,
loans and mortgages. They can even help you find a job wherever
you decide to live and help sort health insurance matters out.
They also provide multi-currency accounts for people who earn
money in one currency and have bills in another.
HSBC also offers international mortgage services for those
trying to purchase property abroad. They have a series of guides
packed with information on 80 countries to help customers settle
in their new home. This package can be of great help to those
who wish to expatriate to another country. This can be a smart
move considering that countries such as the US and the United
Kingdom consider it a crime not to report financial activity
abroad and pay taxes upon retrieving the funds. One way to
circumvent this is to expatriate to a country with different
laws where more profits can be realizes. HSBC can be
instrumental in this process.
Full insurance coverage is also offered by HSBC offshore banking
with a variety of life and health insurances available. There
are also saving and investment services available from HSBC for
those who want to save a little for a rainy day while abroad.
Some of these accounts come with the added benefits based on
their jurisdictions, such as the advantage of growing tax free
in some places.
Other features offered by HSBC offshore banking include the
regulars, such as credit and debit cards, overseas loan
facilities, foreign exchange services and the private offshore
banking for those with a “heavy purse.”