AN OFFSHORE BANK account can be in any jurisdiction that offers offshore banking facilities but, with a representative office, the customer service financial advice and transaction facilities can take on a distinctly local flavour.
In 2003, Lloyds TSB Offshore moved to strengthen its service to clients by establishing a representative office in Hong Kong to provide increased support and introduce a range of banking and investment options to new and existing members of its Overseas Club.
Andrew Wenham, manager, Lloyds TSB Offshore Hong Kong Representative Office, said the Overseas Club was designed to meet the needs and challenges of clients who required a flexible one-stop offshore banking service.
He said Hong Kong customer service representatives were on hand to provide support and explain the company's full range of banking and investment services, in addition to internet and telephone banking services.
'Many of our clients enjoy the confidence and reassurance of being able to discuss their financial objectives face to face with one of our customer service staff,' Mr Wenham said.
Since its launch in 1989 the Overseas Club has attracted thousands of customers from all over the world. Key attractions include a minimum opening deposit of either #100 ($1,413), US$100 or Euro100 ($939). Accounts are rewarded with premium interest rates, paid without the deduction of tax at source.
