Report Highlights an Increase UK Emigration

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The Post Office launches Overseas Property Money Transfer service for UK nationals sending money abroad

A 2009 government report has revealed a 25 per cent rise in the number of people emigrating from the UK to live and work abroad, with more than half of people emigrating (51 per cent) citing work as the reason to move overseas.

The rise in numbers of people emigrating from the UK means that there could be an increased usage of international bank transfers to send money to help set up a new life abroad.

The Post Office has launched the Overseas Property Money Transfer Service, which allows customers to make foreign money transfers quickly and easily between international bank accounts.

Unlike high-street banks, which typically charge fees to customers on each international money transfer, the Post Office Overseas Property Money Transfer service has no hidden fees or charges and offers zero per cent commission on foreign money transfers.

As exchange rates can fluctuate, the Post Office Overseas Property Money Transfer Service also allows people to send money abroad at a fixed interest rate for up to a year to avoid any changes in exchange rates.

The service also lets customers to make international bank transfers from the comfort of their own home, as it allows people to make foreign money transfers online.

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