Originally Posted by
g109
Guys, be careful with those offshore accounts, especially Isle of Man or jersey, as they are not really safe. In Europe, if a bank defaults Your deposits are protected up to 85000 gbp or 100000 EUR, that is not the case if you're offshore, no protection if the deposit taker defaults.
Furthermore the Channel Islands are NOT part of the EU.
Last time I checked the HSBC Offshore account policy it did say it is protected up to 100.000€
MS