Santander International

An independent review by our team of experts.

Review summary

Santander International

Santander International offers banking and savings accounts to Channel Island and Isle of Man residents, UK expats, non-UK expats (residing in the UK), and UK residents who have international banking needs.

It also offers corporate banking solutions for Channel Island and Isle of Man domiciled companies.

Santander International is a branch of Santander UK PLC, which is part of the Banco Santander Group.

Santander UK is an autonomous business, and is one of the UK's leading personal financial services companies, and one of the largest providers of mortgages and savings in the UK.

Overview

The bank has circa 20,000 employees, 14 million active customers, with almost 1,010 branches and 50 corporate business centres.

The bank was established on 11 January 2010 from names you will be familiar with - when Abbey National plc was combined with the savings business and branches of Bradford & Bingley plc, and renamed Santander UK plc.  Alliance & Leicester plc merged into the renamed business in May 2010.

Santander International has branches in the Isle of Man and Jersey – both leading international financial centres, as well as being well established, politically stable, and renowned internationally for their high standards of regulation.

The Isle of Man and Jersey have:

  • A special constitutional relationship with the British Crown
  • Internationally recognised regulatory frameworks
  • World class legislation
  • Tax neutral fiscal policy

Santander International offers banking and savings accounts for UK expats living or working overseas.  They also offer international banking and savings accounts for UK resident, non-domiciled customers.

The headline services offered fall under Select Banking and Private Banking. 

Select banking is offered to those who deposit £75,000 or more.  Under this service, clients receive access to a dedicated relationship management team.

Products offered are:

Gold Bank Account - an everyday international bank account, available in Sterling, Euro or US Dollar currencies.  Account holders receive a Visa debit card, which will be denominated in the currency of the account.

Call Account - an instant access savings account, which requires no notice for withdrawals.  The Call Account offers unlimited access and is available in Sterling, Euro and US Dollar currencies.

Notice Account - a variable rate savings account, which requires written notice for any withdrawals.  Available in Sterling and US Dollar currencies, with a range of notice periods to choose from.

Fixed Deposit Contracts - allows clients to fix money at an agreed interest rate for a set period of time.  Available in Sterling and US Dollars, with a range of fixed time periods to choose from.

Foreign Exchange – via their accounts, clients are able to access Santander International’s functional Foreign Exchange service.

Private banking provides access to the same bank account products, but you will be allocated a dedicated relationship manager who, Santander International claims, will deliver a tailored service.

Private banking is available to those who deposit £1 million or more. 

Via the Private Banking offering, clients will be offered a range of investment services – from discretionary portfolio management to structured products.

The pros

  • Brand
  • Good online banking

The cons

  • Noncompetitive in-house products
  • Unsophisticated service range
FAQs
Why choose Santander International?

Santander International is a branch of Santander UK plc and part of the Banco Santander group.

Santander International offers banking and savings accounts to Channel Island and Isle of Man residents, UK expats and UK residents who have international banking needs.

It also offers Corporate Banking solutions for Channel Island and Isle of Man domiciled companies.

Santander also offers banking and savings accounts for corporate and trust structures, including Self-Invested Personal Pensions and other types of pension structures and Private Investment Companies.

Depending on the account you choose, you may also benefit from access to specialised wealth services and investment solutions, through other parts of the Santander global network.

Where are Santander International's branches?

Santander International has branches in the Isle of Man and Jersey, to provide you with international access to your finances and a central home for your money.

The Isle of Man and Jersey are leading international financial centres – they are well established and politically stable, renowned internationally for their high standards of regulation. The Isle of Man and Jersey have:

A special constitutional relationship with the British Crown Internationally recognised regulatory frameworks world class legislation tax neutral fiscal policy.

Customer reviews
Simple account option works for me

I'm happy banking with Santander - I used them in the UK before I moved abroad.

I like the simplicity and flexibility.  I wouldn't use them for saving or investing though.

For day to day banking, and moving money back and forth between countries, I'm finding them more than adequate.

Expert verdict
Expert Assessment of Santander International

We think that Santander International’s range of accounts for expats is adequate for retail client needs, but it is less effective as a wealth creation platform for professional expatriates when compared with other available options.

In addition, there are better private banking options available for HNW and UHNW.

“Thank you AES International for helping me and my family with your low cost no-nonsense approach. It is refreshing!”

Kristian Petersson

“With this sort of service you also expect to be paying very high fees, but it’s just not the case. I would definitely recommend AES.”

Jake van den Dries

“In the short time that I’ve been using AES I’ve made nearly ten thousand pounds and couldn’t be happier!”

Jackie Pym

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