New Government Figures Reveal a Rise in UK Emigration Rates

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The Post Office introduces new service to help UK nationals when sending money abroad

The Post Office has introduced a new service to take the stress out of making international bank transfers, as latest statistics show a 24 per cent rise in the number of UK citizens emigrating abroad.

Making foreign money transfers to an overseas bank account quickly and easily can help take some of the stress out of relocating to a new country, when international bank transfers are required to make large purchases such as a house or a car.

The Post Office Overseas Property Money Transfer service enables customers to make international bank transfers with zero per cent commission. Many UK high-street banks typically charge commission fees when sending money abroad.

Customers using the Post Office service for foreign money transfers will also be reimbursed for any charges that the destination bank may impose on the international bank transfer. The Post Office service offers competitive exchange rates on overseas bank transfers.

Relatives and friends of those who have emigrated overseas may also appreciate a more convenient way of sending money abroad to help their loved ones get on their feet in a new country. The Post Office Overseas Property Money Transfer service allows them to make international bank transfers directly to an overseas bank account and fix the foreign exchange rate for up to a year.

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Melanie Seasons

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