NatWest: Offshore banking 'a good option'

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NatWest: Offshore banking 'a good option'

Consumers who are thinking of moving abroad could opt to take out offshore banking accounts, NatWest has suggested this week.

Products in this sector are growing in stature and therefore should be considered by such individuals, an official at the bank noted.

Head of NatWest international personal banking Dave Isley argued that there are many benefits to be seen from such banking methods, including those on the "taxation side".

And there is a "suite" of products on hand for people in a totally different area of the globe, he suggested, including cheques and credit cards.

Banking abroad is now improved so that the situation has undoubtedly improved, Mr Isley asserted.

He commented: "Banks are becoming more and more sophisticated at providing very good products to help them do that."

Of those who have made the leap of faith abroad, 68 per cent believe they are now healthier, the bank revealed.ADNFCR-323-ID-18460667-ADNFCR

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