An offshore account simply means an account outside your country of residence. With ADCB Offshore Banking, your money will be held in Jersey – one of the leading offshore financial centres in the world. The Island of Jersey is an independently administered jurisdiction with comprehensive laws and regulations to protect its financial services industry.
ADCB Cash Management Services streamline companies processes, promote operational efficiencies and reduce operating cost through process automation and integration. Our key emphasis is in understanding our clients’ needs and to deliver quality advice and solution execution based on our extensive market knowledge and experience.
For any further information please contact our Sales team by writing to CashSales@adcb.com
Jersey – A Secure Jurisdiction
Offshore bank accounts will help you manage multiple currencies from anywhere in the world. Offshore accounts can be used to accumulate and grow your savings in a potentially tax efficient location. These savings will be easily accessible to you irrespective of the country you reside in and can be managed efficiently using our state-of-the-art internet banking platform, ProCash, which is convenient, user-friendly and secure.
Products to suit your every financial need
We offer a variety of accounts in US Dollars, Euros, Pounds Sterling, which you can access 24/7, including:
Easy access, whenever you need it
Even though you will be banking with ADCB Offshore, you will benefit from a range of conveniences that comes with our onshore accounts. You will continue to have one Customer Identification (CID) number, which allows you to see all your accounts, wherever they are located and you can manage your finances online – 24 hours a day, seven days a week – via ProCash – our Commercial Internet Banking service.
You will also have the support of your dedicated Relationship Manager for all your banking queries, along with access to all ADCB branches across the UAE and our 24/7 toll-free contact centre, where our teams are equipped to help you.
You are eligible for an Offshore Banking relationship with ADCB, with a relationship balance* as low as AED 100,000 or currency equivalent**. ADCB Offshore Banking is currently open to existing onshore Commercial banking clients as well as Wealth Management clients. Business Banking clients holding an onshore borrowing relationship exceeding one year shall be eligible.
* Offshore Current Account held with Jersey.
** Offshore Banking Terms and Conditions apply.
Attractive Offshore Packages
*(All amounts in equivalent USD/GBP/EUR)
OFFSHORE BUSINESS BANKING FEES Offshore Business Current Account (USD/GBP/EUR)* Offshore Business Call Account (USD/GBP/EUR)* Offshore Business Term Deposit (USD/GBP/EUR)* Minimum Monthly Average Balance AED 100,000 AED 250,000 AED 250,000 Monthly fee if Average Balance falls below the minimum requirement AED 250 AED 300 N/A Outward Remittance to UAE AED 25 AED 25 N/A Outward Remittance to GCC countries AED 30 AED 30 N/A Outward Remittance to India AED 50 AED 50 N/A Outward Remittance to Other countries AED 70 AED 70 N/A Account Closure Fee AED 367 AED 367 Consult RM
NOTE: Other fees as per Business Banking Schedule of Fees or consult your RM for more details.
ADCB Offshore Banking – Jersey Branch is a registered business name of Abu Dhabi Commercial Bank PJSC, Jersey Branch (“ADCB Jersey”), which is regulated by the Jersey Financial Services Commission. Its principal place of business in Jersey is 27 Hill Street, St Helier, JE2 4UA. The registered head office of Abu Dhabi Commercial Bank is at Abu Dhabi Commercial Bank Head Office Building, Sheikh Zayed Street, Plot C-33, Sector E-11, P.O. Box 939, Abu Dhabi, U.A.E. Abu Dhabi Commercial Bank’s latest financial statements may be viewed at www.adcb.com.
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