Expat Money News

Latest 10 news items tagged Money

7 Jan at 6 PM 2019

Expats in Spain warned over new ATM scam

Expats as well as tourists are now being warned over a new cash machine scam. Expatriates living, working and retiring in Spain are being warned to watch out for a new card-cloning device found on ATM machines across the country. Known as a ‘skimmer’, the device is placed over the ATM’s existing card reader slot and copies the details of each card inserted by means of accessing the magnetic stripe. Once the card owner’s details have been recorded, criminals can access all personal banking details including account details and...
31 Dec at 6 PM 2018

Expats in UK living more cheaply due to Brexit

According to a new study, expatriates living and working in the UK are getting more for their money due to Brexit. London is now one of Europe’s cheapest capital cities for expats receiving their pay in euros, due to the Brexit effect on the value of the pound sterling. It’s also a bargain destination for tourists. Formerly, London’s bad reputation for being one of the costliest world capitals for relocating expats caused international corporations to calculate carefully before deciding on reassignments from outside the UK,...
27 Dec at 6 PM 2018

Kuwait to build six bachelor cities for single expat males

Kuwait is mulling the development of no less than six ‘bachelor cities’ aimed at single, male expats living and working in the emirate. Kuwait municipality’s Director General Ahmad al Manfouhi recently informed local media about a plan to build six ‘bachelor cities to house male expatriates. Construction is expected to be funded by the private sector in coordination with the Partnership Projects Authority. The information was given after a lawmaker commented on the increase of such developments in various regions and their...
26 Dec at 6 PM 2018

Protecting your financial freedom as a relocating expat

Expats on relocation or reassignment may well be the brightest and best as regards their jobs, but money management is another matter. yourself in a strange city along with a career boost and salary you’ve long dreamed about can be an exciting experience, but if you’re financially illiterate the glow soon wears off. Expats must make many changes in order to achieve success in their chosen sectors, but many find their money-related habits very hard to adjust. Our spending is subconsciously controlled by our behavioural patterns and...
20 Dec at 6 PM 2018

Brit expats in Gibraltar furious over exclusion from EU no-deal contingency plans

The EU’s just-announced plans to mitigate certain effects of a no-deal exit from the EU will not include Gibraltar. According to EU leader Jean-Claude Juncker’s plans for a no-deal Brexit, flights between the UK and EU member states are certain to be ‘interrupted’ once Britain leaves the EU. Any efforts made to ease the situation will be time-dependent and will not improve the situation for tourists or Britons with second homes in the EU. Following March 29, should a deal not have been made, contingency measures will be...
13 Dec at 6 PM 2018

Expats in UAE taking advantage of sterling falls

It seems Brexit isn’t bad news for everyone, as expat professionals in the UAE are repatriating cash at great rates. As the pound sterling continues its path downwards, expatriates working in the UAE are laughing all the way to their UK banks as they remit currency at the best rates seen since the 2008 financial crash. Even so, they’re now in a dilemma – whether to wait until the pound crashes still further or send money home using today’s attractive exchange rates. One insurance broker is holding off as he’s convinced...
12 Dec at 6 PM 2018

Would-be expat couple lose everything due to minor mistake

One easily-made financial error has wrecked a retired would-be expat couple’s dream. Even with warnings plastered across expat-aimed online media sites about the risk of losing pension pots to financial scammers, it seems it’s also far too easy to lose a lifetime’s savings to a company fully registered with the UK’s Financial Conduct Authority. One retired couple hoping to relocate to Portugal found this out the hard way after making just one small but crucial error. The now defunct and infamous FCA-approved online...
12 Dec at 6 PM 2018

Where to go to make your expat New Year resolutions succeed

As the old year staggers to a close, where are the best destinations for fulfilling your New Year resolutions? New Year resolutions almost always mirror deficiencies in the previous year’s performance, whether in health, love, money, business, social life and relationships or the lack of them. From expat professionals through retirees to digital nomads, entrepreneurs, students and even trailing spouses, everyone who’s living overseas or planning to emigrate pledges to improve at least one aspect of their lives in the New Year....
10 Dec at 6 PM 2018

Irish expats and tourists hit by car rental scams at Dublin airport

Irish expats coming home for Christmas are being warned over car rental insurance scams. Tourists as well as expats returning to the Emerald Isle to spend Christmas and the New Year with their families are being warned to watch out for insurance issues with rental cars. According to victims, their ‘super cover’ insurance doesn’t cover wheel rims and other minor issues, even if renters didn’t cause the damage. To date, tourists as well as expats returning rented vehicles are being forced to pay for damage they didn’t cause and...
6 Dec at 6 PM 2018

Is medical tourism worth the hassle for expats?

Given that private healthcare almost anywhere is far cheaper than in the USA and often a deal cheaper than in the UK’s failing NHS, is it really worth shopping around for necessary operations? In the USA, commonly-performed operations such as knee transplants cost between $35,000 and $50,000, with the UK equivalent costing from around £12,000 to £15,000, still a hefty charge for pensioners and those earning basic wages. Websites offering medical tourism at a far lower price are tempting, but often the hype doesn’t match the...