A survey by Alliance & Leicester International Ltd (ALIL) has revealed that while 92% of expats use online banking services, less than a third (30%) are tapping into online offshore savings accounts.
The survey, which was completed by 750 expatriates via three expat websites, was carried out in June and July 2007. It found that the most popular benefits of online banking for expats where the ability to access funds any time, anywhere (41%) and access to better rates online (26%). But, says ALIL, the fact so few are using offshore savings accounts means they are missing out on benefits such as multi-currency facilities and the flexibility to plan their tax affairs in a way that is relevant to where they live or work. Simon Hull, managing director of Alliance & Leicester International, c...
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