Overseas Account

Managing overseas finances and leveraging them to create a corpus can be cumbersome in the absence of the right Savings Account. With SBM Bank’s robust and sophisticated financial solutions, overseas fund and investment management is simplified. By opening an SBM Bank Offshore Account, you can access expert financial services, tailored to suit your varied international banking needs.

Leverage global investment opportunities, portfolio management and diversification solutions, and the benefits of a world-class Savings account with SBM Bank’s Overseas Account.

Salient Features Of Overseas Account

Capture the global market with the exceptional features of our Overseas Account.

Choice of Preferred Currency

With SBM Bank’s offshore banking solutions, foreign currency transactions are no longer a hassle. You can open the account in a currency of your choice , including US Dollar, Euro, Swiss Franc, British Pound Sterling, and other major international currencies. With the flexibility of currency selection, you can conduct seamless international transactions that assist with wealth creation.

Convenient Account Opening

Our Relationship Managers provide complete assistance so that your journey of opening an account is as convenient and seamless as possible.

Long-term Wealth Growth

The path to wealth creation is a long, unending one. It helps to have the necessary tools and a roadmap to assist with long-term wealth building. At SBM Bank, we recognise this and assist you in building a corpus for future foreign currency spends. You can easily manage your overseas income with a little assistance from our financial experts, who also help you navigate through the complexities of foreign tax laws and regulations.

Smooth International Transactions

As SBM Bank customer, you can enjoy competitive forex rates on your foreign currency transactions and remit money to overseas accounts conveniently without worrying about high currency conversion costs.

Access to Global Investments

Tap into the global markets and make the most of the limitless possibilities associated with wealth creation. SBM Bank Overseas Account enables you to invest in an array of international investment products, including stocks, mutual funds, bonds, and exchange-traded funds (ETFs). Diversify your portfolio with a strategic mix of international equity and debt products to build wealth and mitigate risks.

Things to Consider Before Opening Overseas Account

The workings of an overseas account differ from that of a domestic account in more ways than one.

Security Provisions

While opening an Overseas Account, you must consider the bank’s security protocols to ensure your transactions are secure and encrypted. At SBM Bank, we ensure your financial transactions are securely conducted with our two-factor authentication process for seamless fund transfers.

Taxation Norms

You are liable to pay taxes on foreign exchange, capital gains, and interest income earned on global investments. With SBM Bank’s Offshore Accounts, you can manage your tax obligations effortlessly. For assistance on tax laws and computation, you can contact your dedicated Relationship Manager.

Suite of Services

Choosing an overseas account offering all-encompassing financial management solutions proves beneficial. At SBM Bank, our Offshore Accounts come equipped with a suite of bespoke wealth acceleration products and solutions including wealth management and protection, tax planning, legacy planning, estate management, etc.

Customer Support

It helps to select a financial institution offering a good customer support network; one that address queries and grievances promptly. Should you need any assistance, you can reach out to your dedicated Relationship Manager. You can also call us on our toll-free customer care helpline at 1800 2099 335 / 1800 1803 817 or write to us at customercare@sbmbank.co.in.

FAQs

To open an Overseas Account with SBM Bank, please email customercare@sbmbank.co.in with your name, address, and contact details. Our team will call you back to provide the necessary assistance, help you understand the product, and guide you through the next steps.

When you open an Offshore Account, SBM Bank assigns you a dedicated Relationship Manager. Their name and contact details are provided in the introduction email. Moreover, your assigned RM also contacts you directly. You can save their number to contact them anytime you need in future.

You should consider opening an Overseas Bank Account if you intend to move overseas for education or work. You can also open the account if you have business operations or assets in overseas territories.

You can choose from various types of Offshore Accounts based on your needs, including Personal Accounts, Corporate Accounts, Investment Accounts and Transactional Accounts.

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