The information below provides details about the Jersey banking system, and details on opening a Jersey offshore bank account. We also provide details on the laws and regulations that govern the banking system, as well as a list of local and international banks that are based in Jersey.
To open a Jersey offshore bank account, complete one of our application forms listed below :
To learn more regarding the banking system of your choice, or If you have any additional questions and require further information, Contact EFSAG today.
Banking operations in Jersey are regulated and governed by the Banking Business Law and the Banking Business (General Provisions) Order both of 1991. The laws provide for the protection of Jersey’s economic interests and as a financial centre as well as the actual depositors. All operations are supervised by the Finance and Economics Committee of Jersey who is responsible for the consideration and issuing of banking licenses.
There are more then 55 banks operating in total in Jersey including branches and subsidiaries of British clearing banks and international banks, offering a full banking range of services. Advantages to banking on the Island include confidentiality, freedom of currency exchange, tax deferral, tax reduction and low commercial and political risk.
The principal banking services offered include, deposit accounts, foreign exchange, trusts, fund management, captive management and purchase & sale of securities.
Jersey’s global location, time zone political stability and high traditional standards of regulation and service are deciding factors for financial institutions wishing to set up operations.
Some of the financial institutions operating include:
Abbey National International Limited
ABN AMRO Bank N.V., Jersey Branch
Abu Dhabi Commercial Bank PJSC, Jersey Branch
AIB Bank (C I) Limited
Bank Leumi (Jersey) Limited
Bank of India, Jersey Branch
Bank of Scotland plc, Jersey Branch
Barclays Bank plc, Jersey Branch
Barclays Private Bank & Trust Limited
Barclays Private Clients International Limited, Jersey Branch
BNP Paribas S.A., Jersey Branch
BNP Paribas Securities Services S.C.A., Jersey Branch
Citibank (Channel Islands) Limited
Citibank N.A., Jersey Branch
Citicorp Banking Corporation, Jersey Branch
Deutsche Bank (Cayman) Limited
Deutsche Bank International Limited
EFG Private Bank (Channel Islands) Limited, Jersey Branch
Emirates NBD PJSC, Jersey Branch
Fairbairn Private Bank Limited
HSBC Bank International Limited
HSBC Bank Middle East Limited
HSBC Bank Plc, Jersey Branch
HSBC Private Bank (C.I.) Limited, Jersey Branch
Investec Bank (Channel Islands) Limited, Jersey Branch
JPMorgan Chase Bank N.A., Jersey Branch
Lloyds TSB Bank Plc, Jersey Branch
Lloyds TSB Offshore Limited
National Westminster Bank Plc
Royal Bank of Canada (Channel Islands) Limited, Jersey Branch
Santander UK plc, Jersey Branch
SG Hambros Bank (Channel Islands) Limited
Standard Bank Jersey Limited
Standard Chartered (Jersey) Limited
Standard Chartered Bank, Jersey Branch
State Street Bank and Trust Company, Jersey Branch
The Co-operative Bank Plc
The Royal Bank of Scotland International Limited
The Royal Bank of Scotland plc
UBS AG, Jersey Branch
Union Bancaire Privée, UBP SA, Jersey Branch