| The Economy News has spent a great deal of time researching the international banking offerings of a number of UK banks. We have been working closely with the Lloyds Banking Group analysing their everyday international banking offer. A number of factors make the The Lloyds TSB International account the most versatile everyday international banking offering in our opinion.
Firstly the minimum deposit requirements are small (See comparison chart). Please do note however that the deposit is expected to reach a certain threshold after a set period of time.
Approval rates are high - Economy News customer approval rates are at 60.33%
>> Applications are made via the Lloyds TSB International Page
Prime Benefits
The flexibility of the account enables those with overseas money interests, regular travellers and those who work overseas the ability to avoid telegraphic transfers, international drafts, direct debits, standing orders and more: >> Cut out international transfer fees
>> Avoid paying a premium for Euros and Dollars
>> 3 Months no subscription free
>> Debit Card for 3 currencies available
>> Cheque Book
>> Depending on your situation Interest paid tax free
| International Accounts Compared
| | Bank Account | Minimum Deposit | | Lloyds TSB International | £100 (€100 or $100) | | Abbey International Gold Acc | £5,000 (€7,500 or $7,500 | | HSBC Offshore Bank Acc | £5,000 (€10,000 or $10,000 | | RBS International Royalties Acc | £25,000 or £750,000 income pa | | Barclays International Acc | £5,000 or £24,000 income pa | |
