Start banking like a local before you even move

Opening accounts, relocation, and managing finances abroad

Relocating to a new country can be exciting but also challenging, especially when managing your finances. From opening a bank account to handling cross-border transactions, figuring out the financial system abroad can be tricky. At Sends, we simplify this process with personalized financial tools designed for expats.

Opening accounts

1. Opening a bank account abroad

Setting up a local bank account is one of the first steps when moving to a new country. It’s essential for receiving salaries, paying rent, and managing everyday expenses. However, traditional banks often require extensive documentation, such as:

• Proof of residence,

• Employment contracts,

• Tenancy agreements, and

• Local council tax forms.

This process can be confusing and time-consuming for newcomers.

Sends can help you

• Remote account opening: Open your account online before arriving in your new country. Save time and avoid dealing with immediate paperwork. This process involves providing your personal identification documents, video verification and confirming your residential address. 

• Multi-currency support: Hold and transact in multiple currencies (GBP, USD, EUR), reducing fees and minimizing exchange rate risks. Additional currencies are coming soon.

We open accounts for individuals from supported countries.

2. Simplifying cross-border transactions

Managing finances across multiple countries often comes with the following:

• High fees and

• Unfavorable exchange rates.

Whether sending money to family, repaying loans, or investing back home, traditional methods can quickly eat into your funds.

Sends solutions

• Low-cost transfers: Enjoy international money transfers with competitive rates and no hidden fees. Sends offers SEPA/SWIFT/UK local payments.

• Real-time currency conversion: Access transparent exchange rates directly on our platform.

• Global IBANs: Send and receive money efficiently across borders with our global IBAN accounts. 

3. Managing finances during relocation

Relocation comes with significant expenses, such as:

• Housing deposits,

• Transportation,

• Insurance.

Balancing these costs with your existing financial commitments can be overwhelming.

Sends expats during relocation

Relocation comes with significant expenses, such as:

• Streamlined international transfers: Easily send money to cover relocation costs, such as housing deposits or transportation, without worrying about high fees.

• Multi-currency accounts: Manage your funds across currencies (GBP, USD, EUR) and reduce the hassle of exchange rate fluctuations.

• Real-time transaction tracking: Stay in control of your finances with clear, up-to-date transaction history, accessible anytime.

4. Ensuring financial security abroad

Adapting to new financial regulations and security measures is essential for protecting your funds and personal information.

Our security measures

• Multi-factor authentication (MFA): Add extra layers of protection to your account.

• Regulatory compliance: Sends complies with global standards, including PCI DSS and local regulations, to safeguard your transactions.

• Fraud protection: Stay secure with real-time alerts and advanced monitoring systems that detect unauthorized activities.

5. Building credit and accessing local financial services

Establishing a credit history in your new country is crucial for securing:

• Loans,

• Credit cards, 

• Mortgages.

However, this can be challenging without a local financial footprint.

How SENDS supports credit building

• Credit integration: Connect your Sends account to local financial services and build your credit profile.

• Financial guidance: Access tailored advice to confidently navigate the local financial ecosystem.

Sends the ideal financial partner for expats.

At Sends, we understand the unique challenges faced by expatriates. Our platform is designed to provide seamless financial solutions for your transition—whether you’re relocating for work, education, or adventure.

From opening accounts remotely to managing cross-border transactions, Sends gives you the tools you need to easily navigate your financial journey.

Ready to simplify your financial journey? Explore how Sends can empower you today at sends.co.