International Banking With HSBC Expat

expat network

International Banking With HSBC Expat

A smooth transition to a new host location is key to the success of an expat life. That’s why we’ve partnered with HSBC Expat, a specialist global personal banking service designed specifically for expatriates.

As a bank focused on those living and working abroad, HSBC Expat offers expert banking and wealth management services, providing expats with a secure, central place to easily manage and grow their money, no matter where they move.

Through our alliance with HSBC Expat, you can ensure bank accounts are in place and pre-funded prior to your arrival on host soil, with instant access to your funds

HSBC Expat offer bank accounts in sterling, euros and US dollars and a range of savings accounts in up to 19 currencies. Different accounts are available for different salary needs, as well as foreign exchange services and a dedicated FX App.

As a truly global bank focused on expats, HSBC Expat gives you a secure, central place to easily manage and grow your money. And no matter where you go, your dedicated relationship management team will make you feel at home with their local, financial and cultural expertise.

If you wish to find out more, please click here.

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.