Personal FX
Relocating, with the money side planned.
Relocation creates a cluster of currency needs at once: moving costs, a deposit or purchase, and then ongoing living expenses in a new currency.
Relocation checklist
Currency tasks before and after the move
Before you go
- Estimate the costs you will pay in the new currency
- Open an account in your new country
- Plan when to move savings across
- Contact us for a quote
After you arrive
- Set up any regular transfers
- Settle rental deposits or purchase costs
- Review pension or income payments
- Keep records of each transfer
The first year is the busy one
Relocating tends to compress several years' worth of currency decisions into a few months: shipping and moving costs, a rental deposit or property purchase, a vehicle, and setting up day-to-day life in a new currency.
After that, the pattern usually settles into something more regular — income in one currency, commitments in another — which is a different problem to plan for.
What this covers
Where this typically applies
Initial relocation costs
The concentrated set of payments that come with the move itself.
Property and deposits
Rental deposits or a purchase in your new country.
Ongoing transfers
Regular transfers where income and commitments sit in different currencies.
Income from home
Receiving pension, rental or salary income from your country of origin.
What to prepare
Have these to hand
- 1Your destination account details
- 2An idea of the amounts and timing
- 3Identification documents
- 4Proof of source of funds
Before you proceed
Things worth knowing
- Tax and residency consequences of relocation are outside our scope; take independent professional advice.
- We cannot advise on whether or when to convert. We explain the options and you decide.
FAQ
Common questions
Regular transfers are a common personal requirement. Tell us the amount, currencies and frequency and we will talk through how it would work.
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Ready to discuss moving abroad?
Tell us what you need and a member of the team will come back to you with a transaction-specific quote.