Prepaid reloadable debit cards
Jersey Private International offshore banks


Gorey Harbour and Mont Orgueil CastleGorey Harbour & Mont Orgueil Castle


Banking Business (Jersey) Law 1991 (Amended 2010)

The Channel Islands. The sheer beauty and uniqueness of these bailiwicks distinguish themselves from anything else in the world. They consist of the Jersey Bailiwick and the Guernsey Bailiwick. Jersey has its Gross Domestic Product dominated by offshore banking with agriculture and tourism not contributing anywhere near half the GDP combined. If statistics were to be believed, it is the most highly rated offshore international finance center and we shall see why.

Banking System in Jersey
Considered the most stable banking model in the world for over 50 years, Jersey does not rely on wholesale funding. The attraction of Jersey ensures the worldwide deposits received do not go into the economy rather into the treasury function of banks in major cities like London, Frankfurt, Paris and New York. The money works while creating value and ensuring a safe model for international banking.

Jersey is considered an extension of London especially when treasury specialists and fund promoters seek corporate banking services with multinational organizations. Cross-border interests and activities with foreign options and overseas entities are catered for by the Jersey model.

Expatriates and professionals who work overseas can easily engage in multi-currency banking, offshore mortgages and wealth creation drives through fast growing alternative investment funds like private equity and hedge fund markets. The various wealth management and financial planning banks with branches in Jersey handle the dealings of all offshore accounts with discrete operations and value adding activities under the safe umbrella of the Channel Islands global offshore legislation.

Requirements for Opening a Bank Account
Jersey is a pedigree nation when it comes to offshore accounts and international business. The requirements are often lenient with their vast connections doing background checks that can unearth any red flags in your history. Requirements include:

• Recent utility bill to confirm address, residence and accountability
• Identification documents and accompanying affirmation documents with seal from the home nation and confirmation from certification bodies
• Bank statements and proof of ownership documents for assets
• History of banking as well as professional references and a minimum balance of 1000 Sterling Pounds in most banks

The presence of majority of the international commercial banks make it easy to open and operate international business companies and corresponding accounts with experts in the field.


Foreign Currency Transfers
The presence of one of the strongest currencies in the world makes Jersey a multi-currency destination. The pound is always strong against most currencies, but with France in the vicinity, the Euro is also accepted as is dollars.


Tax advantages are enjoyed depending on your domicile and the rules governing tax in your parent company relative to Jersey jurisdiction. The general presence of a variety of commercial banks ensures most currencies are easily reconciled and appropriately packed especially when it comes to growing value in the markets in New York, Frankfurt and London.


The international presence of these banks also ensures the limits on timing for wireless transfers and transactions to foreign countries are adhered to, to ensure efficiency and swift international cooperation of businesses and accounts. 




International Banking for High Net-Worth Individuals
As one of the prime offshore account destinations, Jersey is home to the most prolific high net-worth individuals in the world. With over fifty years experience in management, protection and expansion, this is one of the places to be if you wish to grow your wealth rather than just store it.

The HSBC Expat, BNP Paribas and Santander Jersey branches to name just a few, are all internationally acclaimed companies committed to serving the extravagantly wealthy. The emphasis is on quality service rather than quantity storage with a commitment to diversified business and market exposure.

The commitment to stop terrorism funding and criminal activity is also a key directive of Jersey. It performs cleaning of agencies and companies in an aim to eradicate money laundering and tax evasion in the name of wealth creation and asset protection.

Banking Regulatory Authority
The regulatory body in Jersey Island is called the Jersey Financial Services Commission. The JFSC is the supervisory body for sectors subject to regulatory oversight of anti-money laundering and countering the financing of terrorism. The JFSC also handles the regulation, development and supervision of financial services on the island.

The Director General of the JFSC is also the Registrar of Companies ensuring he has the rule over money service business, fund service business and company service providers. Investment and general insurance mediation businesses are also under the watch of the JFSC.

The JFSC also offers advice and guidance on various standards like the Basel III Capital Adequacy or various MoUs with friendly countries in terms of taxes. The body also regulates and oversees the activities of high value merchandise dealers, estate agents and accountants to ensure they adhere to the pristine standards of the Channel Islands.


Banks

ABN AMRO Bank N.V. Jersey
Private banking and wealth management services.

Abu Dhabi Commercial Bank PJSC Jersey
Offshore banking services.

Bank Leumi (Jersey) Limited
Private banking and offshore services.

Barclays Bank Plc Jersey
Provides offshore banking services.

BNP Paribas S.A. Jersey
Private wealth management services.

Deutsche Bank Offshore
Offers a full range of oddshore banking services.

EFG Private Bank (Channel Islands) Limited Jersey
Private banking and wealth management services.

HSBC Bank
Based in the offshore jurisdiction of Jersey (Channel Islands), HSBC Expat provides wealth management, banking and currency management services in a secure, central location. So if you move, your finances won't have to.

Investec Bank (Channel Islands) Limited
Offshore private banking and wealth management services.

Lloyds TSB Offshore Ltd
Offshore saving, investments and wealth management services.

Nedbank Private Wealth Limited, Jersey
Offers private wealth management services.

Royal Bank of Canada (Channel Islands) Limited
Wealth management services.

Santander UK plc, Jersey
Private banking services.

SG Hambros Bank (Channel Islands) Limited
Private banking and wealth management services.

Standard Bank Jersey Limited
Wealth management solutions.

Standard Chartered (Jersey) Limited
Private, international, wealth management services.

Royal Bank of Scotland
Offshore banking services.

UBS AG Jersey
Wealth Management solutions.

Union Bancaire Privee, UBP SA, Jersey
Asset management and private banking.

List of Jersey Offshore company service providers

List of Jersey Offshore trust service providers


Background Facts
Jersey is located just off the coast of Normandy, France. The island of Jersey is the largest of the Channel Islands

Population: 94,494 (2012 est.)
Capital: Saint Helier
Dialing code: 44
Currency: UK £, Jersey pound
Exchange control:
Jersey has no exchange controls
Government:
British crown dependency
Official language: English
Legal System:
The laws of the UK where applicable apply local statutes

Bank Legislation:
(.PDF Downloads)

Banking Business (Jersey) Law 1991 (Amended to 2010


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