Archive for the ‘Expat Banking’ Category
From the invention of the telegraph to the advent of video calls and social media, advances in technology have spelled improvements in everyone’s lives, but especially the lives of those who have made the move abroad. Now a new era in mobile banking technology promises the same revolution in the international banking space. All savvy […]
Over the past few months, news portals have been expressing concern about the fluctuation of the pound in the exchange market and its effect on British expats. Its value continues to decrease and not only is it losing them income, but it’s pushing Brits to confide in local currencies for savings instead. The press first […]
The two most popular reasons expats cite for moving abroad are a better lifestyle and greater economic well being, according to a report from Lloyds TSB International. Although most feel they do enjoy these benefits, they’re not necessarily immediate. In fact, packing up and moving home can be an expensive and stressful process in the […]
When someone is moving abroad to lower their taxes, there are a few European countries that they often look to. The obvious choices are the Isle of Man, the Channel Islands, Andorra or Monaco. Monaco has zero income tax, but while the lifestyle might be glamorous and the weather far better than the Isle of […]
Bags packed. Last goodbyes made. Accommodation arranged. All set. But what about your money? Each year, many expats leave their country, for work, new challenges or retirement. What they often neglect, however, is the money they are leaving behind. Money is often left in low-return savings accounts, when it could be earning more offshore. Many […]
With increasing concern over the stability of the Euro, people have been pulling their savings out of banks to keep them safe. Greek savers have withdrawn their money from local banks amid concerns the European Central Bank won’t provide support to undercapitalized Greek banks. This has also been seen, to a lesser extent, in Spain. […]
Of the five million British expats around the world many continue to earn their income or pensions in sterling. This money, paid into sterling accounts, often needs to be transferred to other currencies. These expatriates need to move money regularly and safely to their current home. Large currency brokers usually offer deals for regular payments […]
When arriving in a new country, whether for a long period or just a short vacation, expats are most likely to check out the local shopping areas. Once you are ready to buy, you work out the price in your own currency, pay with your credit card and pat yourself on the back for finding […]
The advantages of getting a credit card go beyond paying with a piece of plastic instead of cash. As an expat, you should also check the additional services that go along with many cards. Imagine you are skiing in a foreign country. While descending the most vertiginous mountain something goes wrong. Even before you realize […]
All too often expats prove easy targets for financial fraud. They stand out in the crowd and are often much wealthier than locals. A perfect example is a recent spate of fraud cases in Thailand, where numerous wealthy expats have lost thousands of dollars to financial criminals. The Phuket Gazette reported the expats were targeted by […]
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