Expat banking tips offered

Consumers have been offered a number of hints and tips on how to manage their day-to-day banking affairs after they have moved to a new country.

From money transfers to making international payments, the entire situation may be a little confusing for expatriates, an article on online resource Shelter Offshore notes.

It explains retaining a UK bank account makes "long-term sense" for many emigres, as it can provide them with a smoother way to repatriate to Britain should they wish to at a later date.

Furthermore, a British bank account can also provide a way to manage any financial obligations - such as paying a mortgage - that expats still have in the UK.

Meanwhile, opening a local bank account in a new nation of residence can make a lot of sense - and may also be a requirement, the site notes, suggesting that an employer may demand such an account exists in order to pay a monthly salary.

In other news, a recent article on the same site identified clement weather and a healthy job market as factors making Australia a popular emigration destination.