Offshore Banking Question

[Kinter]

I've been browsing various offshore options (mainly in the Isle of Man) and I'm a bit confused about the currency options. Sterling pounds gives by far the best interest, so what I want to know is, do I need a sterling account in the UK to open a sterling offshore account?

If not, can I send the funds from here in Thailand, and then have withdrawals sent (swift) to a bank in my home country (Ire)?

If anyone could shed some light on the situation for me, It'd be much appreciated.

Thanks

[naka]

I've been browsing various offshore options (mainly in the Isle of Man) and I'm a bit confused about the currency options. Sterling pounds gives by far the best interest, so what I want to know is, do I need a sterling account in the UK to open a sterling offshore account? NO

If not, can I send the funds from here in Thailand, YES and then have withdrawals sent (swift) to a bank in my home country (Ire)? YES

If anyone could shed some light on the situation for me, It'd be much appreciated.

Thanks

Naka.

[sonicdragon]

Each bank's requirements will vary, but generally you should be able to remit funds for opening an account in the Isle of Man from anywhere.

[FatBoyEric]

Kinter, I suggest you contact your nominated bank & request advice directly from them.

I have an offshore Sterling account in Jersey, which was initially opened with funds from my UK bank. It wasn't a requisite but it did make things much easier. Transferring funds to & from a Thai bank (Bangkok Bank) has not proven to be problematic, however I chose a head office branch rather than a smaller sub-office.

[Kinter]

Thanks for the advice. I guess it's best to contact the bank next, but good to hear that it shouldn't be too much of a problem.