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Expat Investor : September October 2009
BANKING expatinvestor.com 2 EXPAT INVESTOR September/October 2009 telephone banking services. Customers of Halifax International can choose to save in four ways, with the capital guaranteed structured product 'Portfolio Plus Issue 2', Fixed Rate Web Saver, Regular Saver and Variable Web Saver account. Halifax International does not operate a branch network, but enables customers to open and manage their accounts by phone or online. An online approach is primary to Halifax International's strategy, allied to a product offering that combines competitive choice and real value for all of its customers. Online banking provides the level of 24/7 flexibility and accessibility required by the majority of expatriates who need to access their accounts and transfer money quickly and easily, regardless of country or time zone. As part of its online approach, Halifax International launched an Expat Focus website www.halifax- international-expats.com in March 2009. HSBC BANK INTERNATIONAL At HSBC Bank International we specialise in helping expats make the most of their money, ABBEY INTERNATIONAL Abbey International has partnered with Visa, AXA Insurance and Airport Angel to offer a package of services as part of its new Platinum and Visa Infinite deferred debit cards. Whether it is your own personal assistant on call, advanced access to exclusive sponsored events or a comprehensive range of health insurance, travel and leisure benefits you need, these two cards provide a choice of benefits to suit the most demanding personal or business lifestyles. The Gold Account already offers multi currency banking in sterling, euros and US dollars, as well as interest on credit balances and a comprehensive online banking package to enable clients to conduct banking online 24/7 from anywhere in the world. The Gold Account can also be linked to a Monthly Offshore Saver Account to combine the flexibility of a current account with guaranteed fixed rate savings. Building on these strengths and to enhance the existing Gold Account further, two new deferred debit cards are now available which offer an exclusive range of travel and lifestyle benefits. The Platinum card has been developed for clients who regularly travel for business or pleasure -- offering a high value and wide ranging package of benefits, including extensive travel and health cover insurance. For clients looking for exclusive extra services, Abbey International has also launched the Visa Infinite card, which provides unrivalled levels of bespoke support for clients living and working internationally. The Visa Infinite card opens up a range of extra services that build upon the benefits that the Platinum card offers, including a personal assistance service, exclusive access to events and a one-stop online travel store. ALLIANCE & LEICESTER INTERNATIONAL To help savers secure their return in an uncertain time, ALIL has launched a One Year Fixed Rate Bond. This offers savers a solid, secure rate for a one year term and is ideal for those who want security and peace of mind that their rate will not change in the short-ter m. The Bond is fixed at 3.00% AER. Savers who are looking for a longer term of investment however, may be best opting for a fixed rate deal with higher returns, such as ALIL's Two Year Step-Up Bond, set at 3.50% AER for Year One and 4.00 AER for Year Two. Those anticipating a base rate increase over the coming months, may want to opt for ALIL's new one year tracker bond. The recently launched Bond guarantees a rate of up to 3.00% above the Bank of England base rate for one year. A monthly interest option is also available. These accounts can be opened with a minimum balance of £10,000 and can be applied for by post and managed by post, phone or online. Offering attractive savings products is not the only way to provide peace of mind to customers, and ALIL ensures it caters for expats via its MyBankOffshore service. This offers a variety of features for customers including 24 hour secure online banking system, as well as allowing them to view their account balance, current interest rate and account history. Customers are also able to communicate directly with ALIL via secure messaging as well as having the means to update their account information. ZURICH BANK INTERNATIONAL Zurich Bank International (ZBIL) offers a wide range of products to personal customers, third party introducers, companies, trusts, charities and clubs and is a popular destination for savers within the British expatriate market. The majority of British expats wisely choose to hold a current account in their country of residence and hold the bulk of their savings in an offshore bank, for great rates, tax and security reasons. Being part of Zurich Financial Services Limited means that ZBIL is in a position of strength compared to a number of other offshore institutions. Zurich Financial Services Limited is headquartered in Switzerland, which is one of the world's strongest economies with a renowned banking pedigree. Zurich Financial Services Limited is one of the largest insurance based, financial services The new face of expatriate banking How are the better known offshore banks attracting expatriate customers during this era of recession blues? We asked ten banks to spill the beans on their modus operandi and to explain why it appeals to Expat Investor readers. Continued on page 4 providers in the world. ZBIL launched a One Year Fixed Rate Bond earlier in the year, paying an excellent rate of 3.00% and this product remains very popular. This is a limited issue product requiring a minimum balance of £10,000 and is aimed at those savers who wish to receive a guaranteed rate of interest over 12 months, which is sought after in the ever decreasing rate market. At this time, when customers are looking more and more at the financial strength of their bank, it is particularly pleasing that we are able to provide both security and great rates. This product builds on the promise to our customers to offer simple, high interest products with interest rate guarantees which match their needs. HALIFAX INTERNATIONAL Halifax International provides simple offshore savings accounts, available in sterling, euros or US dollars, to British expatriates who are moving or are already resident abroad through internet and "... these two cards provide a choice of benefits to suit the most demanding personal or business lifestyles." "These accounts can be opened with a minimum balance of £10,000 and can be applied for by post and managed by post, phone or online." "The majority of British expats wisely choose to hold a current account in their country of residence and hold the bulk of their savings in an offshore bank, for great rates, tax and security reasons. " "Halifax International does not operate a branch network, but enables customers to open and manage their accounts by phone or online."