List of Banks

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any improvements to it, so make sure to check this link (https://www.streber.st/list-of-offshore-banks/) instead of outdated versions found elsewhere.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.

20162015201420132012

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.

 

 

 

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