This list of offshore banks gets copied across a lot of forums, blogs, communities, and even corporate service providers. I have so far not seen anyone actually make any improvements to it, so make sure to check this link (https://www.streber.org/list-of-offshore-banks/) instead of outdated versions found elsewhere.
Best Offshore Banks
Every year, I put together a list of (offshore) banks that I have found to be the best of that year. Click on a year to see that year’s list.
2016 – 2015 – 2014 – 2013 – 2012
Full List
Below is a list of some popular and commonly discussed offshore banks, and a mix of other banks. This list is not actively maintained. The banks have not been vetted for compliance, financial stability, or accuracy. Jut like everything I write, this is in no way a recommendation or endorsement.
Jurisdiction | Bank | Minimum | Personal | Business | Private/Wealth |
---|---|---|---|---|---|
Andorra | Andbank | High | Resident | Resident | International |
Andorra | Crèdit Andorrà | Medium | Resident | Resident | International |
Andorra | Morabanc | High | Resident | Resident | International |
Andorra | Vall Banc | High | International | ||
Anguilla | Caribbean Commercial Investment Bank | Low | Resident | Resident | International |
Anguilla | FirstCaribbean International | Low | Resident | International | |
Anguilla | National Bank of Anguilla PBT | Low | Resident | Resident | |
Antigua and Barbuda | Antigua Overseas Bank | Low | International | International | |
Antigua and Barbuda | FirstCaribbean International | Low | International | International | |
Antigua and Barbuda | Global Bank of Commerce | Low | International | International | |
Antigua and Barbuda | North International Bank | Low | International | International | |
Aruba | Banco di Caribe | Low | Resident | Regional | |
Aruba | Caribbean Mercantile Bank | Low | Resident | Regional | |
Austria | Erste Bank | High | Resident | Regional | International |
Austria | EuramBank | High | International | ||
Austria | Kathrein Privatbank | Very High | International | ||
Austria | LGT | High | International | ||
Austria | Meinl Bank | Medium | International | ||
Austria | Unicredit | High | Resident | Regional | International |
Azerbaijan | AccessBank | Low | International | International | |
Azerbaijan | AGBank | Low | International | International | |
Azerbaijan | BankRespublika | Low | International | International | |
Azerbaijan | Dekabank | Low | International | International | |
Azerbaijan | International Bank of Azerbaijan | Low | International | International | |
Azerbaijan | Kapitalbank | Low | International | International | |
Bahamas | Butterfield | Medium | International | International | |
Bahamas | Fidelity | Medium | International | International | |
Bahamas | FirstCaribbean International | Low | International | International | |
Bahamas | Winterbotham | Medium | International | ||
Bahrain | BMI Bank | Low | Resident | Regional | |
Bahrain | Gulf International Bank | Medium | Resident | Regional | |
Barbados | Amicorp Bank | Medium | International | ||
Barbados | Banco Occidente Barbados | Medium | Resident | Regional | |
Barbados | FirstCaribbean International | Low | International | International | |
Barbados | JT Bank and Trust | Very High | International | ||
Belgium | Keytrade Bank | Low | International | International | |
Belize | Atlantic International Bank | Low | International | International | |
Belize | Belize Bank International | Low | International | International | |
Belize | Caye Bank | Medium | International | International | |
Belize | Choice Bank | Medium | International | International | |
Belize | FirstCaribbean International | Low | International | International | |
Belize | Heritage International Bank | Low | International | International | |
Bermuda | Bermuda Commercial Bank | Medium | Resident | Regional | International |
Bermuda | Butterfield | Low | Resident | Regional | International |
Bermuda | Clarien Bank | Low | Resident | Regional | International |
Bermuda | HSBC | Very High | International | ||
Bonaire | Banco di Caribe | Low | Resident | Regional | International |
British Virgin Islands | FirstCaribbean International | Low | International | International | |
British Virgin Islands | HSBC | Very High | International | ||
British Virgin Islands | VP Bank | High | International | ||
Brunei | Standard Chartered | Medium | Resident | Regional | Resident |
Cayman Islands | Alexandria Bancorp | High | International | International | |
Cayman Islands | Alhambra Bank | Medium | International | International | International |
Cayman Islands | Altajir Bank | Medium | International | International | |
Cayman Islands | Bank Cainvest | International | International | ||
Cayman Islands | Butterfield | Medium | Resident | Regional | International |
Cayman Islands | Cayman National Bank | Low | International | International | |
Cayman Islands | EFG Bank | Medium | International | International | International |
Cayman Islands | Fidelity Bank | Medium | Resident | Regional | |
Cayman Islands | FirstCaribbean International | Low | International | International | |
Cayman Islands | ITA Bank and Trust | High | International | International | |
Cayman Islands | NCB Cayman | High | International | ||
Cayman Islands | Queensgate | High | International | International | |
Cayman Islands | RBC | Low | Resident | International | |
Cayman Islands | Republic Bank | High | International | ||
Cayman Islands | Scotiabank | Low | Resident | International | |
China | Bank of Communications | Low | International | Regional | |
China | Ping An Bank | Low | International | Regional | |
China | Shanghai Pudong Development Bank | Medium | International | Regional | |
Cook Islands | Capital Security Bank | High | International | International | International |
Cook Islands | HSBC | Very High | International | ||
Curaçao | Banco di Caribe | Low | Resident | Regional | |
Curaçao | FirstCaribbean International | Low | Resident | Regional | |
Curaçao | Girobank | Low | Resident | Resident | |
Curaçao | Maduro and Curiel’s Bank | Low | International | International | |
Curaçao | SAI Bank | Low | International | Regional | |
Cyprus | Alpha Bank | Low | International | International | |
Cyprus | Ancoria Bank | Low | International | International | |
Cyprus | Bank of Cyprus | Low | International | International | |
Cyprus | Byblos Bank | High | International | ||
Cyprus | Eurobank EFG | Medium | International | International | International |
Cyprus | Expobank | Low | International | International | |
Cyprus | Hellenic Bank | Low | International | International | |
Cyprus | National Bank of Greece | Low | International | Regional | |
Cyprus | Piraeus Bank | Low | International | International | |
Cyprus | RCB | Low | International | International | |
Cyprus | Societe Generale | Low | International | International | |
Cyprus | USB | Low | International | International | |
Dominica | Arton Bank | High | International | ||
Dominica | Bandenia | Low | International | International | |
Dominica | Bank of Denia | Low | International | International | |
Dominica | Barnett Capital Bank | Low | International | International | International |
Dominica | FirstCaribbean International | Low | International | International | |
Dominica | Interoceanic | Low | International | International | International |
Dominica | National Bank of Dominica | Low | International | International | International |
Dominica | RBC | Low | Resident | Resident | |
Dominica | Scotiabank | Low | Resident | Resident | |
Dominica | Zuma Bank | Low | International | International | |
Estonia | BIGBANK | Low | Resident | ||
Estonia | Danske Bank | Low | Regional | Regional | International |
Estonia | Krediidipank | Low | Regional | Regional | |
Estonia | LHV | Low | Regional | Regional | |
Estonia | SEB | Low | Regional | Regional | |
Estonia | Swedbank | Low | Regional | Regional | |
Estonia | Tallinn Business Bank (Äripank) | Low | Regional | Regional | |
Estonia | Versobank | Low | International | International | |
Germany | Deutsche Handelsbank | Low | International | ||
Germany | Wirecard Bank | Low | International | International | |
Gibraltar | Gibraltar International Bank | Low | Regional | Regional | |
Gibraltar | Jyske Bank | High | International | ||
Gibraltar | Lloyds International | Low | Regional | International | |
Grenada | FirstCaribbean International | Low | Resident | Regional | |
Grenada | Republic Bank Grenada | Medium | Resident | Regional | |
Guernsey | Butterfield | High | International | ||
Hong Kong | Bank of China | Low | International | Regional | |
Hong Kong | Bank of East Asia | Low | International | Regional | |
Hong Kong | DBS | Low | International | Regional | International |
Hong Kong | Hang Seng | Low | International | Regional | |
Hong Kong | HSBC | Low | International | Regional | International |
Hong Kong | OCBC Wing Hang | Medium | International | Regional | |
Hong Kong | Standard Chartered | Medium | International | Regional | Regional |
Iceland | Landsbankinn | Medium | International | Regional | |
Isle of Man | Conister Bank | Low | Regional | International | |
Isle of Man | Lloyds International | Low | International | Regional | International |
Isle of Man | Nedbank | High | International | ||
Isle of Man | Permanent Bank | Medium | International | ||
Isle of Man | Standard Bank | Low | International | International | |
Jamaica | FirstCaribbean International | Low | Resident | Regional | |
Jersey | Nedbank | Medium | International | ||
Jersey | Standard Bank | High | International | International | |
Jordan | Arab Bank | Low | Resident | Regional | Regional |
Latvia | ABLV | Medium | International | International | International |
Latvia | Blue Orange | Low | International | International | |
Latvia | Expobank | Low | Regional | Regional | |
Latvia | Latvijas Pasta Bank | Low | Regional | Regional | |
Latvia | Norvik Banka | Low | International | International | |
Latvia | Rietumu | Medium | International | International | |
Lebanon | Arab Bank | Low | Resident | Regional | Regional |
Lebanon | Bank Audi | Very High | Resident | Regional | International |
Lebanon | Bank of Beirut | High | Resident | Regional | International |
Lebanon | Banque Libano-Française | High | Resident | Regional | International |
Lebanon | BLC Bank | High | Resident | Regional | International |
Lebanon | BLOM Bank | High | Resident | Regional | International |
Lebanon | Byblos Bank | High | Resident | Regional | International |
Lebanon | Crédit Libanais | High | Resident | Regional | International |
Lebanon | FBL | Very High | Resident | Regional | International |
Lebanon | FFA Private Bank | Medium | International | ||
Lebanon | Fransabank | High | Resident | Regional | International |
Liberia | International Bank | Low | Resident | Resident | |
Liechtenstein | Bank Alpinum | High | International | ||
Liechtenstein | Bank Frick | Medium | International | ||
Liechtenstein | LGT | Medium | International | ||
Liechtenstein | LLB | High | International | ||
Liechtenstein | Neue Bank | Medium | International | ||
Liechtenstein | Union Bank | Medium | International | ||
Liechtenstein | Valartis | High | International | ||
Liechtenstein | VP Bank | High | International | ||
Luxembourg | Banque de Luxembourg | High | Regional | International | |
Luxembourg | Keytrade Bank | Low | International | ||
Macao | Tai Fung Bank | Low | International | Regional | |
Malta | Banif Bank | Low | International | International | |
Malta | Bank of Valletta | Low | International | International | |
Malta | FCM Bank | Low | Resident | ||
Malta | FIMBank | Low | International | International | |
Malta | HSBC | Low | Resident | Regional | |
Malta | Mediterranean Bank | Low | International | International | |
Malta | Satabank | Low | International | International | |
Mauritius | ABC Banking Corporation | Low | International | International | |
Mauritius | Afrasiabank | Low | International | International | International |
Mauritius | Bank of Baroda | Low | International | International | |
Mauritius | Bank One | Low | International | International | |
Mauritius | Barclays | Low | International | International | |
Mauritius | MCB | Low | International | International | International |
Mauritius | SBI | Low | International | International | |
Mauritius | SBM | Low | International | International | International |
Mauritius | Warwyck Private Bank | High | International | ||
Monaco | CFM | High | International | ||
Monaco | CMB | High | International | ||
Monaco | HSBC | Very High | International | ||
Mongolia | Golomt Bank | Low | International | ||
Mongolia | National Investment Bank | Low | International | ||
Montenegro | Atlas Bank | Low | International | Regional | |
Panama | Banvivienda | Low | International | International | |
Panama | Credicorp Bank | Low | International | International | |
Panama | MMG Bank | Medium | International | International | |
Panama | Multibank | Low | International | International | |
Panama | Popular Bank | Low | International | International | |
Panama | Towerbank | Medium | International | International | International |
Qatar | Qatar National Bank | High | Resident | Regional | Regional |
Saint Kitts and Nevis | Bank of Nevis International | Low | International | International | |
Saint Kitts and Nevis | FirstCaribbean International | Low | International | International | |
Saint Lucia | Bank of St. Lucia International | Low | International | International | |
Saint Lucia | FirstCaribbean International | Low | International | International | |
Saint Lucia | Hermes Bank | Low | International | International | |
Saint Vincent and the Grenadines | B2B-Bank | Low | International | International | |
Saint Vincent and the Grenadines | Euro Pacific Bank | Low | International | International | |
Saint Vincent and the Grenadines | FirstCaribbean International | Low | International | International | |
Saint Vincent and the Grenadines | Loyal Bank | Low | International | International | |
San Marino | Banca Di San Marino | Low | Resident | Resident | International |
San Marino | Cassa Di Risparmio della Repubblica di San Marino | Low | Resident | Resident | International |
Seychelles | Al Salam Bank | Medium | International | International | |
Seychelles | Barclays | High | Resident | Resident | International |
Seychelles | MCB | Low | International | International | |
Seychelles | Nouvobanq | Low | International | International | |
Singapore | Bank of China | Low | International | Regional | |
Singapore | Bank of East Asia | Low | International | Regional | |
Singapore | Bank of Singapore | Very High | International | Regional | International |
Singapore | CIMB Bank | Low | International | Regional | |
Singapore | DBS | Medium | International | Regional | International |
Singapore | Indian Overseas Bank | Low | International | Regional | |
Singapore | OCBC | Medium | International | Regional | |
Singapore | UOB | Medium | International | Regional | |
Sint Maarten | Banco di Caribe | Low | Resident | Regional | |
Sint Maarten | FirstCaribbean International | Low | Resident | Regional | |
South Korea | Shinhan | Low | International | International | |
Sweden | SEB | Low | International | Regional | International |
Switzerland | Banque Genevoise de Gestion | High | Resident | Regional | International |
Switzerland | BSI | High | International | ||
Switzerland | CBH | High | International | ||
Switzerland | CIM Banque | Medium | International | International | International |
Switzerland | Cornèr Banca | High | Resident | Regional | International |
Switzerland | Credit Suisse | High | Resident | Regional | International |
Switzerland | Edmond de Rothschild | Very High | International | ||
Switzerland | Falcon Private Bank | Very High | International | ||
Switzerland | Gutzwiller | Medium | International | ||
Switzerland | Heritage | Medium | International | ||
Switzerland | Hinduja Bank | Medium | International | ||
Switzerland | Julius Bär | High | Resident | Regional | International |
Switzerland | Leumi Private Bank | High | International | ||
Switzerland | LGT | High | International | ||
Switzerland | Lombardo Odier | Very High | International | ||
Switzerland | Neue Privat Bank | High | International | ||
Switzerland | Notenstein | High | International | ||
Switzerland | Pictet | High | International | ||
Switzerland | Saxobank | Low | International | International | |
Switzerland | Strateo | Low | International | ||
Switzerland | Swissquote | Low | International | International | |
Switzerland | UBP | High | International | ||
Switzerland | UBS | Very High | Resident | Regional | International |
Switzerland | Vontobel | High | International | ||
Switzerland | VP Bank | High | International | ||
Taiwan | Bank SinoPac | Low | Resident | Regional | |
Taiwan | Industrial Bank of Taiwan | Low | Resident | Regional | |
Tonga | MBF Bank | Low | Resident | Regional | |
Tonga | PIC Bank | Low | Resident | Regional | |
Trinidad and Tobago | FirstCaribbean International | Low | Resident | Regional | |
Turkey | Akbank | Low | Resident | Regional | |
Turkey | Denizbank | Low | Resident | Regional | |
Turkey | Finansbank | Low | Resident | Regional | |
Turkey | Garanti Bank | Low | Resident | Regional | |
Turkey | Isbank | Low | Resident | Regional | |
Turkey | Yapı Kredi | Low | Resident | Regional | |
Turkey | Ziraat Bankası | Low | Resident | Regional | |
Turks and Caicos Islands | British Caribbean Bank | Low | International | Regional | |
Turks and Caicos Islands | FirstCaribbean International | Low | International | Regional | |
Turks and Caicos Islands | Turks and Caicos Banking Company | Medium | International | ||
United Arab Emirates | Abu Dhabi Commercial Bank | Low | Resident | Regional | |
United Arab Emirates | Arab Bank | Low | Resident | Regional | Regional |
United Arab Emirates | Bank of Sharjah | Low | Resident | Regional | |
United Arab Emirates | CBI | Low | Resident | Regional | |
United Arab Emirates | Commercial Bank of Dubai | Medium | Resident | Regional | |
United Arab Emirates | Emirates NDB | Medium | Resident | Regional | |
United Arab Emirates | First Gulf Bank | Low | Resident | Regional | |
United Arab Emirates | Mashreq Bank | Medium | Resident | International | |
United Arab Emirates | NBAD | High | Resident | Regional | |
United Arab Emirates | RAKBANK | Low | Resident | International | |
United Arab Emirates | United Arab Bank | Low | Resident | Regional | |
Vanuatu | BRED | Low | International | International | International |
Vanuatu | Pacific Private Bank | Low | International | International |
Explanation
- Jurisdiction is the jurisdiction of the bank being listed. Some banks may appear multiple times across different jurisdictions. I’m not necessarily including all jurisdictions for multi-jurisdictional banks.
- Bank is the name of the bank. Sometimes it’s a shortening, sometimes it’s a long name.
- Minimum is a rough indication about the bank’s minimum balance requirement. The minimum may vary depending on service required. An old version of this list had specific numbers for banks. I have moved away from this and instead use four different terms to give you an idea of, more or less, what the bank expects.
- Low means 0 – 10,000 EUR/USD/equivalent.
- Medium is 10,000 – 100,000 EUR/USD/equivalent.
- High is 100,000 – 1,000,000 EUR/USD/equivalent.
- Very High is over 1,000,000 EUR/USD/equivalent.
- Personal indicates whether the bank is known to open personal account.
- Business indicates whether a bank is known to open transactional, everyday business bank accounts.
- Private/Wealth indicates whether the bank offers private banking and wealth management.
- Under Personal, Business, and Private/Wealth, I am listing geographical limitations or expectations the bank has on each client segment:
- Resident means the bank strongly prefers to work with only residents.
- Regional means that the bank prefers to see some sort of local connection (to the bank’s jurisdiction) or at least to the nearby, relevant economic area (i.e. a bank in Estonia will likely insist that you have some sort of ties to Estonia, whether it’s residence, citizenship, economic activity, incorporation, et cetera).
- International means the bank is usually pretty open. This doesn’t mean free-for-all. Normal risk profiling still applies.