How much do you really know about offshore banking?

Skipton International has launched a quiz which aims to inform people about offshore savings.

The quiz, which is hosted on the Skipton International website, tests savers’ knowledge of offshore banking, with answers explaining what an offshore account is, who can have one, and how someone can open one.

Typical reasons for opening an offshore account include personal service, attractive products, and a bank and jurisdiction having a good reputation. The quiz dispels myths such as the idea that if you have an offshore savings account you do not have to declare your income from it!

Opening an offshore savings account with Skipton International can take as little as one to three working days. You can open an offshore savings account from the comfort of your own home (so don’t have to travel overseas and personally visit the bank), and accounts are available to British expats and Channel Island residents.

Jim Coupe, Managing Director, Skipton International, said: “There are a lot of myths around offshore savings accounts. This quiz is designed to address a few commonly asked questions, and to dispel some of the myths about who can have the accounts and what they are for.

“We understand the difficulties British expats can face obtaining offshore savings accounts so make the process as straightforward as possible. This, coupled with our personal service and over 20 years’ expertise in offshore banking, ensures we remain a leading offshore bank.”

Skipton International offers a range of accounts, with competitive interest rates, for Channel Island savers and UK expats in over 100 countries. The Guernsey-registered bank won the Moneyfacts Award for Best Offshore Account Provider 2016, a category it was also Commended and Highly Commended for in 2014 and 2015.

At the end of 2015 Skipton International reached £1.075 billion of deposits, making it equivalent to the 12thbiggest building society in the UK.

Skipton International is also currently Guernsey Business of the Year, an award which recognises the company’s commitment to customer service, staff development, and support for the local community.

For further information or interviews please contact Julia Hunt at Direct Input.

Telephone +44 (0)1534 735253 or email julia@directinput.je

Skipton International offers a range of offshore savings accounts and is one of the Channel Islands’ leading mortgage lenders.

In 2014 Skipton International launched a range of mortgages for British expats looking to purchase a Buy-to-let property in the UK. For more information on Skipton International please visit www.skiptoninternational.com

Skipton International was recently named Guernsey Business of the Year at the Awards for Achievement. The bank has been at least commended by Moneyfacts for the past six years, winning on three occasions while independent research from Feefo shows 95% of customers rate Skipton’s service as Good or Excellent. 

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About Us

Skipton International is a leading offshore bank based in Guernsey, Channel Islands. It offers buy-to-let mortgages to British expats and CI residents, and a range of offshore savings accounts.

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