02 January 2008
More expats than ever before are turning to the internet to manage their finances, new research shows.
Alliance & Leicester International Limited found that 92 per cent of expats use online banking to check their balances.
Overseas savers said the main benefits of website banking are easy access to their funds, and better rates of interest.
Alliance & Leicester International, managing director, Simon Hull said: "With internet access now so readily available, offshore consumers should take advantage of internet banking and saving.
"As well as offering speedy transfers and an up-to-date snapshot of your finances, the offshore banking and savings market is quickly developing many of the online facilities already available from its onshore counterparts."
The group offers an eSaver Offshore account which does not require a "wet" signature in an effort to improve ease of use.
It also promises an interest rate of 6.51 per cent gross/AER on balances of £1,000 to £1m.
Mr Hull added: "Twenty-four hour access to money is a necessity for most expats. The eSaver Offshore accounts have unique online functionality. It provides expat customers with access to a great rate in a secure online environment, that helps them both manage and set up their account more quickly and easily than any other offshore online account."
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