Increase in number of UK residents emigrating abroad

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Post Office Overseas Property Money Transfer advises UK expats to check international money transfer methods for sending money abroad

Recent research from the Office for National Statistics has revealed there has been an increase in the number of UK residents emigrating overseas. With this increased number of people moving abroad, the Post Office Overseas Property Money Transfer service is advising emigrants to research their options for sending money abroad, as significant savings can be made on international bank transfers.

Moving to another country can require purchases involving large sums of money such as a new car or even home! For anyone needing to send to or from the UK the Post Office has introduced an Overseas Property Money Transfer service that makes it easy to send money abroad using international bank transfers.

The service provides customers with competitive exchange rates, with zero per cent commission and no hidden charges on their international money transfers – something which can typically make foreign money transfer through UK high-street banks a costly experience. The Post Office Overseas Property Money Transfer service can also reimburse customers for any charges that the destination bank may impose on international bank transfers. This means that customers could potentially save hundreds of pounds a year by using the service to send money abroad.

The service allows customers to fix a favourable exchange rate for up to a year when making international money transfers. Furthermore, the Post Office Overseas Property Money Transfer service offers customers the opportunity to manage their international bank transfers online. This means that people can send money abroad from the comfort of their own home to wherever they need it to be in the world.

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