Moving Money:

Moving internationally? Try these tips and recommendations.

Tips and recommendations

Moving money to your next expat posting can be tricky the first time. It’s hard to know where to start, let alone how to keep more of your hard-earned money. We asked the currency experts at OFX to help decode this financial task.

Moving money for your relocation is about more than just transferring wealth and setting up day-to-day savings accounts. Often, there’s quite a sum of cash to be spent before you even land at your new posting (or back in your home town). This means you’ll likely find yourself sorting out down payments for a rental or property purchase, paying fees to secure school places, initiating helper recruitment, and more.

Transferring money using a foreign exchange provider such as OFX can deliver a significant savings against some banks. It’s also a service that offers 24/7 support and can transfer money fast (next day) to 197 countries in over 55 different currencies, which your bank may not be able to facilitate.