Recently moved abroad? Help getting organised from HSBC Expat

Just arrived in a new country

Just arrived in a new country


Arriving in a new country is exciting. There are new people to meet. New places to explore. And lots of new challenges ahead. It's a thrilling time. But there's often lots to organise - including your finances.

To help you settle in to your new life, and make the most of the opportunities available to you, we've listed some of the main things you should think about below - and explained how we can help. We also have a range of tools that can help you get the most from the country you've moved to.

Things to consider

  • You'll want fast, flexible and secure access to your finances - and be able to transfer money between your new country and your home country.
  • Types and rates of tax vary between countries, so you'll need to understand your tax obligations (at home and abroad) and how to make the most of potential tax efficiencies.
  • As an expat, you may have to transfer money between your new country and home, or make international payments - so it's important to understand the foreign exchange options available and the impact of exchange rates moving against you.
  • Don't forget about growing and protecting your wealth - saving and investing offshore can help make the most of the financial opportunities available to expats.
  • You should also consider: school fees, as they can be expensive abroad; protecting your family and wealth with a portable protection policy; and if you can't pay into your home pension, you'll need to think about other retirement planning options.

How we can help you settle in

  • A name you can trust
    Based in Jersey (Channel Islands) and part of HSBC Group, we've been helping new expats settle in to their chosen country for a long time - so we can help you make the most of the options available to you.
  • Simple set up
    If you haven't already sorted out a local or offshore account, we can do it for you - giving you fast, flexible and secure access to your money.
  • Multicurrency accounts
    With current accounts and savings accounts in a choice of currencies, we'll make it easy for you to manage all your financial commitments - back home and in the country you've moved to.
  • Foreign exchange
    Most expats need to convert currency at some point. We have foreign exchange specialists who can explain the options available to you, and solutions that let you fix the exchange rate even if the currency markets move.
  • Wealth management
    It may not be a top priority now, but at some point you'll want to grow and protect your wealth. Our wealth managers understand expat life and can help you choose the best investments to achieve your financial goals.

Your tax situation will depend on your personal circumstances and we recommend you obtain independent tax advice. Any tax information is based on our understanding of current and proposed legislation and practice. The legislation and practice may be subject to change.

Please remember that the value of investments, and any income received from them can fall as well as rise, is not guaranteed and you may not get back the amount you invested. We always recommend that any Investments held should be viewed as a medium to long-term investment, at least five years. This could also happen as a result of changes in currency exchange rates, particularly where overseas securities are held or where investments are converted from one currency to another.



Resources for expats who have recently arrived abroad

You can also use these tools, videos and articles to find out more about the country you've moved to, familiarise yourself with expat life and learn the most effective ways to manage your finances while you're overseas.

Settling in
Discover what others are sharing about expat life with the Expat Hints & Tips tool. You can get valuable ideas about living and working abroad. Expat Hints & Tips tool
Our expat social network
Our social media sites are a great source of information and advice - essential reading if you want to make the most of your time abroad. Our expat social network
Organising your finances
Our Guardian guides cover almost every aspect of expat life - from arranging your finances to the cost of living. Arranging your finances
Family Finances
Your money and the cost of living
Our guide to expat banking. Go to video
Understanding tax
Use our Global Tax Navigator to get information on local tax systems and financial practices in your new country. Global tax navigator
Our practical guide to tax. Tax guide
Expats and tax - this 6 minute video is packed with useful information. Tax video