Lloyds Bank (International Services) Limited, a Jersey registered and regulated bank, is a subsidiary of Lloyds Bank Corporate Markets plc, a UK Non-ring-fenced Bank. For more information on ring-fencing visit /ringfencing/. Lloyds Bank Corporate Markets plc is independent from Lloyds Bank plc, which is authorised and regulated in the UK as the ring fenced bank of the Lloyds Banking Group. The Jersey, Guernsey and Isle of Man branches of Lloyds Bank Corporate Markets plc are each separately licensed as regulated deposit-takers in their respective jurisdictions. Lloyds Bank Corporate Markets plc is authorised and regulated in the UK as the non-ring fenced bank of the Lloyds Banking Group. If you decide to take up their service you will also benefit from a preferential rate. We don't offer international tax advice directly, but our Premier and Private Banking customers can be referred to tax specialist Ernst & Young for an initial appointment with no obligation. You'll need to declare your earnings in the appropriate way.

If you live outside the EU Member states we pay interest gross of tax, which means we do not deduct any tax from the interest paid to you.This local tax authority will then inform your country of tax residence. Depending on the country(ies) where you are resident for tax purposes (note a US citizen is treated as US tax resident) we may be required to advise the tax authorities in the jurisdiction where the account is held (Isle of Man, Jersey or Guernsey) of any assets and interest or other income earned with us.It is your responsibility to seek independent tax advice and ensure that any tax liability in relation to funds deposited is accounted for by you or the appropriate tax authorities.It's perfectly legal to have an account in a different jurisdiction but there are tax implications you should be aware of: An offshore bank is simply a bank based in a jurisdiction outside your country of residence. Since our accounts are domiciled outside the UK, our services are sometimes referred to as 'offshore'. Our international banking services are provided by Lloyds Bank Corporate Markets plc.

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