Posts Tagged ‘expat banking’

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 Greek savers have withdrawn their money from local banks amid concerns the European Central Bank won’t provide support to undercapitalized Greek banks.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. […]

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 […]

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 […]

Expats send an extraordinary amount of money out of Saudi Arabia each year–the equivalent of USD 7.1 billion in the second quarter of 2010 alone. As a result, the country may try to limit the amount of money expats can send home. Take data from a recent survey. It found 74% of expats in […]

Do you trust the banks in the country you’re living in? Or do you feel safer dealing with banks from home? Whatever your opinion, we want to know what you think about managing money abroad. In fact, we’re so keen to hear what you’ve got to say, we’ve teamed up with Lloyds TSB International to […]

Finance firms based in Jersey were recently lauded by the Global Forum on Transparency and Exchange of Information for Tax Purposes, tasked with assessing how well the sector responded to international standards for tax information. Jersey has responded to 84 information requests to date, and was described by the forum as being “effective and expeditious” […]

Egyptian banks, including HSBC Egypt and Commercial International Bank (CIB) are being accused of helping the country’s military government crack down on activists. The Independent’s Alastair Beach wrote that, “[human rights groups and NGOs] which hold accounts with the global banking giant, say that over the past two months HSBC has contacted them requesting documents […]

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