Last updated: 9 August 2018
Expat bank accounts are special accounts designed for people living an international lifestyle away from their home country. Most high street banks will offer a specific international expat bank accounts, but will often have strict requirements for opening an account as a new customers and may also be restricted depending on the country of residence.
We regularly research the market and have created a list of what we believe to be the best expat bank accounts available, which is available below. Unlike other websites, we receive no income from the products listed here helping us ensure we remain independent and unbiased.
For more information about expat bank accounts, please read our guide to expat bank accounts.
We have highlighted what we consider to be the best expat bank accounts below as a guide for the banks you may wish to consider if you need to open a bank account as an expat. The accounts are listed in alphabetical order to ensure neutrality.
The HSBC Expat Current account is a bank account available for existing and new customers of HSBC. For new customers, £60,000 of deposits must also be held with HSBC to be eligible and the minimum initial deposit is £5,000. The bank also provides telephone and internet banking support and offfers a VISA debit card in your choice of currency.
Lloyds International Bank Account is designed for moderate earners who need easy access to their money when living abroad. The accounts are domiciled in either the Isle of Mann or Gibraltar and can be held in either £GBP, €EUR or $USD. Each account comes with a monthly fee and it is possible to hold multiple currencies in the account. If you earn less than £50,000 per year, you can also open an account if you have £25,000 to invest or save with Lloyds.
The NatWest Select account is designed for expats and foreign nationals living in the UK who are internationally mobile. Accounts can be opened in Sterling with multi-currency options available if required once a sterling account is held. NatWest also offers Telephone, Online and Mobile banking support.
The Standard Bank Optimum Account is an international bank account designed for expats. The minimum standard deposit required to keep the account free of monthly charges is lower than normal international bank accounts at only £4,000 (or currency equivalent). Unlike many international bank accounts who focus on high net worth individuals, the Optimum Account is designed for anybody who needs access to an international bank account.
Please note that we are not recommending any bank accounts nor are we affiliated to any of the banks listed below. We do not receive any payments for sponsorship or advertising for the information provided and all details are maintained on a "best endeavour" basis. We cannot be held responsible for out-of-date information contained on these pages or external websites we link to.
We try to keep this page up to date, however from time to time our information may be out of date. If you spot an error, or have some feedback about the products on this page please email us at firstname.lastname@example.org.
We've also been instructed to remove one or two major international banks from this list due to overprotective brand police. For this we apologise.
Before making any decisions about your finances, you should always seek independent advice.