
Current account cashback
Everything you need to know about claiming your cashback when you switch current account
How to use an international bank account to send money overseas
International bank accounts enable people who live and work abroad to access their money from other countries.
International bank accounts are provided by the offshore divisions of UK high street banks and enable expatriates to benefit from all the usual perks of an onshore current account: an overdraft, a debit card and, in some cases, a cheque book. Account holders can also choose which currency they want their account to use.
That means if you’re a British expatriate living in the US, you can choose a US dollar account, or if you are living in Spain, you can open a euro account.
International bank accounts aren’t usually available to everyone, and many require you to keep a high minimum balance. If you’re unable to maintain this level of cashflow, you will be charged a monthly fee that’s usually between £5 and £15.
There are various requirements you’ll need to meet to be able to open an international bank account, though they can differ depending on the country, provider and deal you opt for. These include:
Data collected from 645 interviews conducted online by Consumer Intelligence, accurate as of April 2018
In order to make an international transaction, you’ll have to provide one or both of the following:
Other than allowing you to access your finances from anywhere in the world, there are certain advantages to an international bank account:
Data collected from 645 interviews conducted online by Consumer Intelligence, accurate as of April 2018
Here are a few things you might want to think about when searching for the best international bank account:
MoneySuperMarket currently does not offer a comparison service for international bank accounts.
Everything you need to know about claiming your cashback when you switch current account
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