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INTERNATIONAL DEPOSIT ACCOUNTS

INTERNATIONAL DEPOSIT ACCOUNTS

An international deposit account is an excellent way for international entrepreneurs to invest large sums for a fixed term while enjoying high interest rates on their deposit. ExtPAC Ltd. assists international Clients open deposit accounts in foreign jurisdictions with major banks including HSBC and Barclays. The following is an overview of the key characteristics of international deposit accounts, including their advantages and disadvantages.

  • An international deposit account is an arrangement whereby an individual organisation places cash in a foreign bank. The deposit typically has a fixed term of up to five years, during which access to the funds is restricted. This type of account is therefore unsuitable for international entrepreneur who require ready access to their funds.
  • Some banks refer to deposit accounts ac “certificates of deposit”, or CD´s for short. This terminology is preferred in the United States.
  • Clients can open international deposit account at all major foreign currencies. By holding funds in the currency in which they are received or needed to pay foreign suppliers, account holders minimise the impact of exchange rate volatility.
  • An advantage of high interest deposit accounts is that they are available in major foreign currencies, including US Dollars, UK Sterling, Euros, Hong Kong Dollars, Singapore Dollars, Australian Dollars and Japanese Yen.
  • A feature of many foreign currency deposit accounts is that account holder spends less time on administration because there is no need to convert funds into certain currencies or buy currency to purchase from overseas suppliers.
  • Fixed deposit bank accounts are a widely popular option and are an excellent means of investment, allowing cash flow to be predetermined. The deposit period is flexible, ranging from just one week to 5 years. There will usually be restricted access with penalties for withdrawing the funds before maturity date.
  • ExtPAC Ltd. assists Clients open all types of international fixed deposit accounts, including the demand accounts, saving depot accounts, and fixed term deposit accounts.
  • Some international deposit accounts have restrictions on funds access and payment methods into the account. ExtPAC Ltd. will find a suitable deposit account which best meets the needs of our Clients.
  • International deposit accounts can offer high interest rates that can be fixed for periods of up to five years. The style of bank accounts accrue interest daily and are credited quarterly.
  • Deposit accounts can include 24-hour telephone and internet banking facilities.
  • ExtPAC Ltd. assists clients with all aspects of the deposit account opening process. See the details at DEPOSIT ACCOUNT OPENING PROCESS on this website. 
  • It is important our Clients are aware of their personal and corporate tax obligations in their country of residence and domicile, and they will fulfill those obligations annually. Let us know if you need ExtPAC Ltd. help to clarify your annual reporting obligations.
  • The charge, if paid to PayPal, covers a 60-day participation in a Facebook campaign with a product or service on demand.

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100,00 € inc. tax
Product Condition:
New
Brand:
EXtPAC

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