Expat Banking and Finance

British expats worried about the euro, according to currency specialists

by Ray Clancy on May 1, 2012

Sterling seen to have recovered ground against the Euro

Economic uncertainty in the eurozone is leading to expat Brits selling the Euro and properties in Spain which has gone back into recession, according to currency specialists.

HiFX reports a 175% increase of volume in Euro sales, 34% of Brits looking to sell their property in Spain and a 69% increase in the number of buyers hedging their currency purchase. [click to continue…]

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International banks offering deals for expats

March 29, 2012 Britain

With bank interest rates remaining at record low levels more international banks are introducing new savings accounts with the aim of attracting expats who often want easy access to their money. As it seems unlikely that base rate will do anything over the next year, or indeed even before the end of 2014 according to [...]

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Research exposes hefty overseas bank fees

February 21, 2012 Britain

Overseas bank fees are not just too high but also too complicated with banks hiding details away on their websites or undisclosed on statements, new research shows. Consumer giant Which? put the UK’s seven biggest banks and building societies to the test to see which offers its customers the best deal for transactions abroad.

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Expats can avoid financial gloom, it is claimed

January 24, 2012 Expat Banking and Finance

As leading economists and senior politicians warn that 2012 will be one of the bleakest on record, financial experts say that expats will be comparatively resilient to the tough economic conditions in the year ahead. Around the world economies are expected to shrink, taxes are set to rise, the markets are to become even more [...]

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Lloyds TSB International increases fixed term savings rates for expats

January 10, 2012 Britain

Despite forecasting that the Bank of England base interest rate will not rise until the middle of 2014, Lloyds TSB International has increased the rates on its two, three and five year fixed term deposits (FTDs) aimed at expats. The bank’s own sales data shows that demand for one year FTDs has increased ten fold [...]

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Expats facing pension shortfalls, expert claims

December 20, 2011 Expat Banking and Finance

Expats moving between jobs and countries could face pension shortfalls when they retire as well as a number of new rules in different countries, it is claimed. Also a raft of new pension reforms could see expats losing out on valuable pension benefits due to a build up of cross border entitlements, according to Gavin [...]

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Eurozone expats worried about the economic crisis

November 18, 2011 European Union

Expats living in the eurozone are set for more volatility in terms of currency exchange but some experts point out that the euro is remarkably resilient considering the on going crisis. Many people have been bewildered over how the euro has not depreciated in light of the ongoing political trouble in Europe.

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Expat workers urged to pay attention to retirement options

October 21, 2011 Expat Banking and Finance

Expat workers should take care not to let their retirement plans slip during their time abroad but for those that have all is not lost, according to international financial advice firm Guardian Wealth Management (GWM). GWM’s experience is that in the initial stages of working abroad retirement planning can often be put on hold as [...]

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New accounts for offshore savers and enhanced mobile banking

October 3, 2011 Britain

Offshore savers are set to benefit from a new choice of offshore savings accounts while accessing accounts by mobile is also being made enhanced as two major banks target expats. Nationwide International, the offshore subsidiary of the UK based Nationwide Building Society, has launched a new range of savings accounts.

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Barclays Wealth International Launches iAlert FX Service

September 14, 2011 Expat Banking and Finance

Barclays Wealth, a leading global wealth management firm and the UK’s largest, has announced the launch of Barclays Wealth iAlert – a free online tool which monitors foreign exchange rates – as part of an enhanced foreign exchange offering for clients of Barclays Wealth International.

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New expats tend to make five basic financial mistakes

August 22, 2011 Expat Banking and Finance

New expats tend to make their first errors when it comes to financial matters and even basic changes like setting up new bank accounts can cause problems, according to wealth managers. ‘Moving to a new country often means adapting to new laws, regulations and tax systems, as well as the cultural differences,’ said Gavin Pluck, [...]

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