Financial advice for expats: Bank transaction charges costing British expats millions

More than half of all British expats worldwide are incurring bank charges which are costing them millions each year when they transfer funds from the UK.   A survey of seven banks conducted by independence researchers for the Post Office International Payments revealed that, on average, expats would typically be charged at least £9 by their bank provider for a transfer of £500.   However, this can shoot up to £25 per every transfer of £500 depending on which bank they're with … [Read more...]

Foreign Money Exchange And Saving Money While Relocating Abroad

  Foreign money exchange is one of the most painful things when relocating overseas. You always feel that you are loosing a big piece of your hard gained money.   By far the main discussion among expats is the foreign currency exchange rates. It doesn’t matter what is your country of origin, you will eventually find yourself complaining about how much money you loose because of that awful currency exchange rate and the extremely high commissions of the bank.   This … [Read more...]

Why do you Need Expatriate Financial Planning?

Do you know that your legal status changes when you are moving and relocating abroad?   Are you aware that overseas relocation influences your legal status not only in your home country but also in your host country?   Do you realize that living abroad has a tremendous effect on your financial situation, your tax obligations, and on your expatriate family?   What should you do about that?   How can you plan wisely your savings and investments and meet your … [Read more...]

How to Exchange Currency Fairly?

Exchange Currency at CurrencyFair - A Unique Marketplace Where People Buy and Sell Currencies to Other People   Brett Meyers is the managing Director and one of the four founding Directors of CurrencyFair - The Fair way to exchange currency   Expats Guide: What's your background?   Brett: I’m Australian but I’ve been living in Ireland for the last ten years or so. The three other founding directors are from Australia, Ireland and Wales. So three of us are expats … [Read more...]

Foreign Currency Exchange With Currency Fair

A Unique Marketplace for Foreign Currency Exchange Where People Sell Pounds, Euros, Dollars ... to Other People   Living the expatriate life has a whole range of plus points but the cost of foreign currency exchange via the banks is never one of them.   Banks see expats as sheep to be fleeced – they know they have a near monopoly on international currency exchange, typically taking up to 3 per cent of the sum involved for a few clicks on their computer.   For banks know how … [Read more...]

How to save on International Money Exchange Rates?

International Money Exchange and World First Foreign Money Transfer   If you are an expat living abroad or relocating overseas, you may find you have exposure to the currency markets. Whether you are buying a new property, moving savings or sending money back home, exchanging this money can often be a costly process.   Many people tend to use their banks, not knowing that banks typically take a larger spread from the interbank rate, which relates directly to you receiving a worse … [Read more...]

Relocation Abroad is More Than Just Performing Your Job

  The following article about relocation abroad is written and contributed by Forex Traders.   The era of globalization is upon us, and, as interconnected as our markets might be, multinational corporations still need to shift employees across the globe even when local markets offer deep and experienced pools of talent to draw from. Reasons may vary from accepting an executive promotion from the home office, heading a new market initiative to build a foreign presence, or even to … [Read more...]

Expatriation and its Financial Pitfalls – What Must You be Careful About?

  Most people hoping to become expatriates will usually find that a lot of things are sorted with relative ease.   Freight services are making it easier and cheaper to move things abroad; the ability to learn a foreign language is being galvanised with the advent of support software that makes it both quick and fun to understand another tongue; and cheaper travel costs mean that going backwards and forwards from your homeland is a lot less burdensome than ever before.   … [Read more...]

Online Currency Converter

Are You Looking for Online Currency Converter? In many cases expats salaries are paid in a different currency than the currency of the host country. If this describes you then you will most probably want to convert your salary to the currency of the host country, and to compare it to the cost of living in your host country. This way you can find out how much you will be really earning, and how much (if at all) you get to save. Even if you are paid in the currency of the host country, it is … [Read more...]