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International banking solutions

Our international banking solutions allow our clients to easily manage finances across borders, accommodating multi-currency needs and supporting international lifestyles. Nedbank Private Wealth’s services and tools have been designed for high-net-worth individuals who are frequent travellers, enabling instant access to their finances.

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BANKING BEYOND BORDERS

Delivering cross-border financial solutions through expertise, compliance and global reach

At Nedbank Private Wealth, we provide a tailored approach so that all our services are designed around the personal circumstances and plans of each client. We work with expats and HNWIs who require banking solutions to support their cross-border financial needs.

With offices in key international financial hubs and a global reach, our international banking solutions are available to both personal and non-trading companies. If you have business interests located across multiple countries, our expertise in cross-border compliance and tax rules can support your business growth strategies. We provide a co-ordinated approach to avoid any compliance oversights when working across different jurisdictions.

TAILORED GLOBAL SERVICES

24/7 digital banking for international clients

  • Internationally flexible banking

    When you lead a busy lifestyle which involves regular international travel, having secure 24/7 online and mobile banking solutions provide you with a convenient way to manage accounts, finances and payments seamlessly from wherever you are in the world.

  • Solutions for private clients

    We know that being able to conveniently access your money from different countries is essential for high-net-worth individuals and internationally mobile professionals. This is why we offer comprehensive banking solutions for everyday money management needs.

    These solutions include multi-currency accounts, international payments, foreign exchange services and Visa Platinum debit cards for international use. We also provide offshore banking from our Jersey and Isle of Man offices to help simplify international financial management and enable you to easily hold multiple currencies in your account.

    We have been providing international banking solutions to mobile clients for decades, and the tools we provide to our clients incorporate the latest security technology to protect clients from digital risk exposure.

    Whether you work internationally or move between countries, our online and mobile banking systems provide a simple way to make financial transfers and receive international income.

INTERNATIONAL BANKING FEATURES

Nedbank Private Wealth's international banking benefits

Our international banking solutions provide greater flexibility and simplicity for frequent travellers who require global access to their money, without needing to switch between banks. With tailored support to meet individual banking needs, such as accounts with the multiple currencies you regularly use, our solutions reduce the need for currency conversions.

  • Multi-currency access

    Our multi-currency access simplifies banking tasks such as making international payments, allowing clients to hold and manage money in multiple currencies.

  • Cross-border payments

    Using our international banking solutions allows simple and efficient business and personal payments across borders for day-to-day living or paying expenses across multiple countries.

  • Dedicated support

    When you choose Nedbank Private Wealth, you will have access to dedicated support providing specialist guidance for international money management queries.

Frequently asked questions

Nedbank Private Wealth

What is international banking?

International banking is a service that allows individuals or businesses to manage finances across different countries through options such as multi-currency accounts and foreign exchange.

Who can benefit from our international banking service?

International non-trading companies, expats and internationally mobile people typically use international banking services to simplify their financial activities.

Can I hold multiple currencies?

Yes, our international banking services allow you to hold and manage multiple currencies.

Are there tax considerations?

Yes, there are tax obligations such as reporting overseas income that may apply depending on your tax residency status.
WHY CHOOSE US

Global banking expertise built around your unique financial goals

Nedbank Private Wealth benefits from a global network to support clients from all over the world who require flexible international banking solutions. We have been providing tailored banking solutions for internationally mobile clients for many years, and our expertise and service standards have been recognised by prestigious industry awards.

Our support starts from the day that you get in touch with us, when we will gather information such as your financial aspirations and future residency or business plans, so that we can develop a set of banking solutions that are built around your unique goals.

Once we have a better understanding of your financial needs, we will set up your international banking solutions to include the facilities that you will need. These solutions offer more flexibility compared to standard banking, as they are designed to support international financial management requirements.

For high-net-worth individuals, expats and internationally mobile professionals, our banking solutions take the complexity out of managing money in different countries and currencies.

One of the key benefits our clients receive when choosing us is our strong understanding of regulations across many jurisdictions. We provide ongoing support through long-term relationships with regular, clear communications at every point of contact.

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GLOBAL COMPLIANCE STANDARDS

Ensuring adherence to global standards across all banking activities

Nedbank Private Wealth is authorised and regulated to the highest standards across our jurisdictions, and we adhere to international regulations and compliance in each respective jurisdiction that applies to our clients.

We demonstrate compliance with regulations including having robust Know Your Customer processes to verify the identity of clients and we also follow strict anti-money laundering procedures to prevent criminals from using the financial system to finance illegal activities or hide the proceeds of crime.

Another regulatory responsibility we adhere to is monitoring for suspicious financial activity and we check sources of wealth to verify that funds have been acquired through legal activities.

START BANKING GLOBALLY

Efficient onboarding designed for global clients

  1. Initial consultation. Our onboarding process begins with an initial consultation to develop an understanding of your unique financial needs. We will ask questions regarding residency, work locations, which currencies you use and international income sources.
  2. Documents. To then open an account, we will request documentation such as a passport and proof of residential address. You may also be required to provide proof of where funds have been sourced from.
  3. Checks. We then perform a series of checks including suitability and AML checks.

Account setup. We set up your tailored international banking solutions.

If you provide all the required documents, your banking solutions can be set up in just a few weeks.

Related case studies

Read about more clients we have helped

We have helped countless high-net-worth clients with their financial needs – some straightforward, some complex. Our bespoke approach, where we really get to know our clients, allows us to offer solutions that other wealth planners and private banks aren’t able to.

Get in touch today

Find out how we can help you. Call 01624 645000 or email [email protected]

Find out more about our teams in the UK, Isle of Man, Jersey and Dubai here

Frequently asked questions

Nedbank Private Wealth

How do exchange rates affect my account?

Exchange rates impact the value of currencies, but the rates only affect balances if currencies are converted, so having multi-currency accounts help to manage the impact of exchange rate fluctuations.

Can businesses access international banking?

Our international banking solutions are designed for non-trading companies and individuals with international finance needs.

Is Nedbank Private Wealth's international banking secure?

Yes, our secure online and mobile banking incorporate advanced digital security solutions including multi-factor authentication and encrypted digital connections.

Do I need a UK address to open an account?

No, this is not a requirement, we work with expats and global clients without the need for a UK address to open an account.