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Finances
Oct 15, 2022 9:39:59 GMT
via mobile
Post by absvis on Oct 15, 2022 9:39:59 GMT
Hi all,
How are people managing their finances? What options are available in terms of salary. Is it paid direct into bank account. Is it paid in SAR or USD? I have seen in forums, people talking about sending part of their salary back to their home country. Is that a feasible option?
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Finances
Oct 15, 2022 11:02:26 GMT
via mobile
Post by kyle1639 on Oct 15, 2022 11:02:26 GMT
Hi all, How are people managing their finances? What options are available in terms of salary. Is it paid direct into bank account. Is it paid in SAR or USD? I have seen in forums, people talking about sending part of their salary back to their home country. Is that a feasible option? You can have your salary paid into two bank accounts. I chose to have mine paid part in Kingdom(sar), and part in my UK account (£). If I had $ I could be paid in that also. Depends on your plans/circumstances as everyone has individual needs. |
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Finances
Oct 15, 2022 11:35:43 GMT
via mobile
Post by absvis on Oct 15, 2022 11:35:43 GMT
Thanks that is useful to know.
For the UK account, is it bank to bank transfer and are there any charges (conversion). Can it be any UK bank? Can a UK bank remain open for expats living outside UK?
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Finances
Oct 15, 2022 13:48:52 GMT
via mobile
Post by BlueStaff on Oct 15, 2022 13:48:52 GMT
Officially you should be resident in the UK to continue with the account. If you choose not to tell your bank, then perhaps they will never know.
To keep yourself right you should open an offshore account.
Transfers will vary from free to a few % of the amount depending on your bank.
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Finances
Oct 15, 2022 14:46:16 GMT
via mobile
Post by absvis on Oct 15, 2022 14:46:16 GMT
Any idea about offshore account. HSBC has international expat account. Has anybody used those? There are certain conditions for opening HSBC expat account and most probably ksa is not in the list of eligible countries.
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tamsin
Senior VIP Expat
Posts: 655
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Post by tamsin on Oct 16, 2022 5:39:03 GMT
Any idea about offshore account. HSBC has international expat account. Has anybody used those? There are certain conditions for opening HSBC expat account and most probably ksa is not in the list of eligible countries. We use a Lloyds $ account, linked to our U.K. ones. Never had an issue with keeping our U.K. ones open. |
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Oct 16, 2022 8:39:49 GMT
HSBC expat works fine here for me. I am a premier customer in the UK and its free to move money between them. It works quite well.
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