- Jersey Finance
- |12/5/25
Put Simply: Banking
We’ve made it simple to understand how banks work and explained the differences between the various types of banks, accounts and divisions which exist in Jersey. Read on to find out more bank information, or download detailed banking explanations on each topic.
14 December 2020
Retail and Commercial Banks
What services do banks offer?
How do banks make money?
How do Jersey banks keep money safe?
Private Banking
Why might someone want a private banking service?
Who is eligible for private banking?
Is Wealth Management included?
Is Wealth Management the same as Asset Management?
Expat Banking
Why do expats need a dedicated banking service?
What sort of specialist services do expats get?
Is reporting transparent and in-line with international standards?
Custodian and Depository Banks
What assets do custodian banks hold?
What do depository banks do?
What is the difference between a custodian bank and a depositary bank?
