- An offshore bank account (also known as an overseas or non-resident account) is one you open in a country or region other than where you live. While the term may have originated from the Channel Islands being geographically "offshore" from the UK, nowadays it can be used for any bank account that offers similar advantages.internationalservices.hsbc.com/international-banking/what-is-an-offshore-bank-a…
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WebJun 2, 2023 · Key Takeaways. Offshore banking means you conduct banking services with a financial institution outside your country. To open an account with an offshore bank, you will need to provide...
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