A non-resident bank account is an account you can open in a central location based in a country or territory you don’t currently live in. These accounts are also referred to as Offshore Bank Accounts or Offshore Accounts.
You can use this type of account to hold money and send and receive payments. You may also be able to set up savings and investment accounts in different currencies. Most non-resident bank accounts come with standard features such as mobile and online banking, and a debit card. Some have charges and fees, and you may need to meet certain eligibility criteria.
A non-resident bank account can make it simpler to manage your finances whilst you are living and working outside your home country.