When it comes to setting yourself up with an overseas bank, there are many different facets that you need to think about. From languages and services, to currencies and time differences, utilising an overseas bank can be a little tricky.

However, with the right overseas bank, you can expect smooth sailing and quick easy transactions and services. Here are four key questions you need to be asking to get to that point!

What Currencies Do They Deal In?

One of the most important aspects of choosing an overseas bank for any reason is always going to be which currencies they deal with and how easy it is to transfer between them.

You’ve got to remember, you’re going to be constantly jumping and converting between currencies, so you really don’t want your overseas bank to have any issues when it comes to changing currencies or even not offering the one you need to deal with. That’s why this is one of the most important things to look into.

Do They Cater to Many Languages?

If you’re looking at a bank in a multi-lingual area, there’s a strong chance you’re not going to speak some of the languages there. That can be problematic if you’re looking to do something tricky or complex with your banking. You need a service capable of fully explaining and understanding your needs.

That’s exactly why you need your overseas bank to cater to multiple languages, especially yours! If you can’t communicate with them properly, how can you expect to get everything you need out of your banking with them.

What Services Are Available?

Before you settle on your overseas bank, you need to make sure they offer the services you’re in need of. Whether that’s remittances or trade finance, or whatever, you need to know that your bank has you covered and that you’ll be able to get exactly what you need to get done.

More than just being able to handle something, you want your bank to offer exemplary and skilled services, coupled with solid explanations and help. That’s what makes for a great overseas bank.

Are They Used to Dealing with Overseas Customers?

There’s a lot of different banking options out there, so it’s important you go with one that is used to dealing with overseas customers. From time differences, to language barriers, to currency problems, overseas banking can sometimes be really quite tricky.

However, if you have a bank that’s used to dealing with all these potential setbacks and issues, then you’re onto a winner. The right overseas bank knows exactly how to deal with and cater for their more distant customers.

Sonali Bangladesh (UK) Limited on 16th August 2022 took over the existing legal obligations of Sonali Bank (UK) Limited by virtue of section 81 (2) of the Companies Act 2006.

 Sonali Bank (UK) Limited closed all personal accounts on 31st December 2017. The balance remaining on the accounts was subsequently transferred to independent trustees appointed for that purpose, in accordance with the terms of a trust deed entered between SBUK and the trustees. This was communicated to customers at the time so as they could contact the Trustees to make applications for unclaimed funds.

 To allow former account holders more time to apply for unclaimed deposits from the Trustees, the Trust has been extended by a further 5 years until 20th February 2029.

 The trustees are Christine Bartlett and Nigel Heath Sinclair of Richard Long & Co, whose contact details are as follows:

 Christine Bartlett and Nigel Heath Sinclair

Richard Long & Co

Castlegate House

36 Castle Street

Hertford

Hertfordshire

SG14 1HH

 Telephone number: 01992 503372.

 Email: heath.sinclair@richardlong.co.uk (with a copy to enquiries@richardlong.co.uk)

  

If you wish to claim payment of amounts owed to you, the appropriate course will be to make a request for payment in writing to the trustees using the contact details above, rather than SBUK. When you contact the trustees in this way, you will be required to prove your identity in the same way as if you were withdrawing the funds from the Bank prior to 31st December 2017. 

 

Please note that funds transferred to the trustees, do not earn any interest as per the Trust arrangement.   

When it comes to setting yourself up with an overseas bank, there are many different facets that you need to think about. From languages and services, to currencies and time differences, utilising an overseas bank can be a little tricky.

However, with the right overseas bank, you can expect smooth sailing and quick easy transactions and services. Here are four key questions you need to be asking to get to that point!

What Currencies Do They Deal In?

One of the most important aspects of choosing an overseas bank for any reason is always going to be which currencies they deal with and how easy it is to transfer between them.

You’ve got to remember, you’re going to be constantly jumping and converting between currencies, so you really don’t want your overseas bank to have any issues when it comes to changing currencies or even not offering the one you need to deal with. That’s why this is one of the most important things to look into.

Do They Cater to Many Languages?

If you’re looking at a bank in a multi-lingual area, there’s a strong chance you’re not going to speak some of the languages there. That can be problematic if you’re looking to do something tricky or complex with your banking. You need a service capable of fully explaining and understanding your needs.

That’s exactly why you need your overseas bank to cater to multiple languages, especially yours! If you can’t communicate with them properly, how can you expect to get everything you need out of your banking with them.

What Services Are Available?

Before you settle on your overseas bank, you need to make sure they offer the services you’re in need of. Whether that’s remittances or trade finance, or whatever, you need to know that your bank has you covered and that you’ll be able to get exactly what you need to get done.

More than just being able to handle something, you want your bank to offer exemplary and skilled services, coupled with solid explanations and help. That’s what makes for a great overseas bank.

Are They Used to Dealing with Overseas Customers?

There’s a lot of different banking options out there, so it’s important you go with one that is used to dealing with overseas customers. From time differences, to language barriers, to currency problems, overseas banking can sometimes be really quite tricky.

However, if you have a bank that’s used to dealing with all these potential setbacks and issues, then you’re onto a winner. The right overseas bank knows exactly how to deal with and cater for their more distant customers.