Moving Abroad

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Moving Abroad

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Emigrating Overseas:
Secure an Exchange Rate

Moving to another country can seem daunting and it requires planning but you’ll also need to consider your finances. Moving your finances abroad comes with risk but you need to make sure you mitigate those risks by making informed decisions, which you can do by using a foreign exchange expert like NewbridgeFX. 

Foreign exchange rates are a huge consideration when moving overseas and, in a few weeks, exchange rates can change either way by a significant amount. So, you want to make sure you benefit when the market is in your favour, and minimise any risk when it is not. As a result, utilising a foreign exchange expert will ensure that you obtain a great exchange rate and the best service possible.

Through an understanding of market news and behaviours, we can ensure that your money works hard for you. This might include taking advantage of market orders, rate alerts, and other tools ensuring you secure market leading exchange rates, at the right time.

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Emigrating Overseas:
Transfer Money

Speak to a specialist at NewbridgeFX who can help you transfer your money when moving overseas 

Register and setup an account with NewbridgeFX

Once your account is setup you will have access to our online
platform, our live exchange rates and ability to complete your transactions

Speak to a specialist

Discuss with us your plan for emigrating, when you need to
transfer money, what you need the funds for and your short-
and long-term plan.


We will work with you to formulate a strategy to transfer your
money, at market leading exchange rates, when you need it.

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Emigrating Overseas:

Make Sure You Budget Well

Once you arrive in your new country you are going to find that you have to meet several expenses.  They can range from buying a property, nursery fees and general costs of living. Yet, being short of cash is not something you want to experience from the start and so, you need to budget well. To be able to do this, you can secure your exchange rate using various products, such as forward contracts for example, that enable you to secure a rate, yet settle at a date in the future that suits you.

Secure Your Income

Whether your money is coming from pensions, investments or somewhere else, you need to think about how you’ll be moving your finances abroad on an ongoing basis. NewbridgeFX work with FCA regulated providers to ensure that all currency exchange and money transfers are safe, secure and regulated. You’ll also have access to specialist support should you need it.

Buying A Property

You might opt to rent but many choose to buy as it makes their new home feel like home. Yet, purchasing a property is a big move, especially if you are using the proceeds from your previous home to cover the costs, meaning that a large amount of money will need transferring. This is where you need to make good decisions because getting the exchange rate and timing wrong could mean that you pay more, but getting it right might mean that you pay a lot less. Through the use of risk management tools such as spot contracts, forward contracts and market orders, NewbridgeFX have the ability to let you know when it is time to pull the trigger and secure a great exchange rate.

Reduce Expenses

Payments between countries can cost a lot in fees, especially if you use your bank, which, unfortunately, many do for convenience. But these fees can soon add up but that doesn’t have to be the case. NewbridgeFX will offer rates that are more competitive than high street banks, and not charge any payment fees, ensuring that you get more for your money and avoid large expenses at the same time.

Emigrating Overseas:

When moving abroad, it can be easy to get lost in the complexities of the move. Having a checklist to help plan when you’re moving overseas, makes the process less daunting and more exciting.

  • Using A Multi-Currency Account: Many countries will use a different currency to the one you’re used to be but by having a multi-currency account, you can have one bank account and easily move money between the different currencies rather than moving your finances abroad.
  • Setting Up a Local Bank Account: If you would rather have a local bank account, this will help with the day to day of banking in your new home country but if you have ongoing transactions, it would be sensible not to close your current account in the UK. This will also be helpful if you decide to return to the UK, for any reason, as it’s easier to maintain an account than set up a new one.
  • Sign Up for Healthcare: Your new destination country may have a public healthcare system, but you may not be eligible, this would require you to have private health insurance. Legally, you may be required to be covered within a short space of time, so research your options and find the right healthcare cover for you. It is also important to know that vaccinations and health checks are sometimes required before you enter a new country.
  • Learn About Your Tax Obligations: Each country has their own taxation rules for income earned abroad, which could be relevant to you, depending on where your income will come from.
  • Updating Relevant Authorities: Informing HMRC and your Local Authority that you’ll be moving to another country, allows them to know if you still have the right to vote in the UK, what taxes you could be exempt from, but they can also send your Council Tax bill to your new address. If you don’t inform them, you could pay additional taxes.
  • Finding Out About Insurance Policies and Requirements.
  • Updating Communication Providers: This will include phone and internet providers to cancel
  • Redirect Your Post: Any post that hasn’t been cancelled can be redirect to your new home or it can be redirected and put in the ‘Care Of’ a family member.
  • Taking Care of Children: If you have children, they will need to be enrolled in either a local or international school. If the local language differs from your own, you might consider extra language classes to help them integrate quicker into their new country.
  • Taking Care of Pets: If you have pets, you will need to ensure they receive the correct vaccines, have the proper and correct pet carrier for them to travel. You will need to know the regulations for your new country and if your pet needs to be quarantined. If you decide not to take your pet with you, allow sufficient time for your pet to find a new loving home.

Case Study:
Emigrating Abroad

Emigrating Abroad Case Study

Moving abroad comes with many challenges. This case study looks at how Mr. and Mrs. Richards had to consider the foreign exchange and international payments market when they decided to emigrate to America.

Mr and Mrs Richards chose to emigrate to Florida. They had already been to visit many times and decided to rent a house while they decided how and when to transfer their savings to their new home. First, they spoke with their bank who suggested they send their money to their new bank account in America in one lump sum. They also advised the costs for making the transfer which included a high spread on the exchange rate, and a payment fee.

Through a mutual friend, the Richards contacted Newbridge Foreign Exchange. We discussed all their requirements in-depth, and helped them to create a plan to transfer their funds to America when they needed them, and when the rates were favourable. This included sending funds immediately to cover living expenses. Securing a forward contract to secure the exchange rate for the property they planned to buy in 6 months’ time. And setting up a regular payment to transfer their pension on a monthly basis. All transfers were fee-free and arranged at the best possible exchange rate.

The Richards had benefited from the knowledge and experience of the team at Newbridge Foreign Exchange. We had the scope to find them a better rate than the bank could offer, and fix it in place in readiness for when they were ready, all at no cost, so the Richards transferred all their money to their new home.


Manage Risk

NewbridgeFX offers a specialist service in the deliverable foreign exchange market, promoting a range of products and services, available online or over the phone. Our products have been designed to meet the needs of our clients when sending money overseas, and are ways for businesses, and individuals, to manage and mitigate currency risk. 

Spot Contract

Lock in an exchange rate for immediate onward settlement. Funds can be received the same day.

Forward Contract

Lock in an exchange rate today, but for settlement at a later date that suits you, up to 12 months in the future.

Market Order

We monitor the markets real time and take action to trade between currencies when your desired rate is achieved.

Rate Alerts

Set an alert for phone or email notification when a rate has been achieved to take advantage at the best time.


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Multi-Currency Account In Your Company Name

Receive funds from your customers in to your own named collection account, using one account number for all currencies, or a local in-country account number still in your company name.

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Create And Manage All Your Beneficiaries

Add and manage your beneficiaries, perform bank account validation & verification checks as you enter your beneficiary details & bulk upload multiple beneficiaries via a CSV file.


Make Fast & Secure Payments To Over 200 Countries

Real time Swift and local payments are settled the same day, within minutes of processing (currency/country dependant), and payment tracking capabilities allow you to keep updated on the payment status.

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Multi-Currency Balances

Hold multiple currencies and access balance information in supported currencies. Receive, convert, send and move money between your multi-currency accounts without making payments.


Convert Over 100 Currencies, 24/7, Using Multiple Devices

We provide informative, up to date market news, including updates on currency movements, upcoming economic events and announcements that impact the foreign exchange market.

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Real-time Reporting And Tracking

View and track all conversions, payments and incoming funds using our online platform, and receive email notifications when funds have been received, conversions processed and payments released.