Are you eligible for offshore banking?

Am I eligible?

Relationship Balance

Your Relationship Balance is the total amount of deposits and investments in your HSBC Expat accounts.

New customers
To become a customer of HSBC Expat you need to keep a minimum amount of £50,000 (or currency equivalent) or a sole salary of £100,000 (or currency equivalent).

Your Relationship Balance is the total average credit balance, calculated every calendar month, of all your HSBC Expat accounts and any investments you have with HSBC Client Nominee (Jersey) Limited - as long as they're all in the same name(s).

HSBC Premier customers
If you are already an HSBC Premier customer and hold Premier accounts with other parts of the HSBC group, you will receive the Premier service with us, without the need to maintain the minimum £50,000 Relationship Balance or £100,000 sole salary.

To find out more about how we calculate your Relationship Balance visit the Download Centre to download our Personal Banking Terms of Business.

HSBC Premier service tailored to expats

New customers of HSBC Expat qualify for our HSBC Premier service which provides a range of benefits to help you manage your personal economy.


We reserve the right to review or screen new applications and in some cases this may lead to us declining certain applications or requesting a higher minimum balance.

Please contact us if you require further information before applying.

Our fees and charges

From credit card charges to overdraft fees you'll find details on all our fees and charges in our Tariff of Charges.

Visit the Download Centre to download our tariff of charges

Tax obligations

Tax rules differ from country to country and residents of certain countries are subject to different tax reporting agreements. Find out the key things you should know about how information is reported to the relevant tax authorities.

Our Global Tax Navigator can give you more guidance on how your tax obligations could change if you move to a different country.

While banking offshore may have tax related benefits for you, tax rules differ from country to country. If you're unsure about your personal tax obligations, you should seek professional advice. It's your responsibility to disclose your income to the tax authorities.

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Expat tax

Does your location matter?

Yes - because the range of information and services you receive from us can change depending on where you live.

Find out more