Keeping your money safe at any given time can be challenging, and when you’re relocating or travelling internationally, it becomes even trickier. Carrying too much cash is risky, so it’s smarter to rely on secure banking options like international accounts or multi-currency cards. Trusted money transfer services and strong online security measures, like two-factor authentication, also go a long way in preventing fraud.

In this article, we’ll share practical tips on how to safeguard your money while moving abroad. From avoiding common scams to choosing the safest transfer methods, you’ll learn how to protect your finances and travel with peace of mind.

Read also: Expat banking 101: Opening an account before relocation

Key benefits of relocating abroad for modern workers

1. Broader career opportunities

Relocating exposes you to global job markets, giving access to roles, projects, and industries that may not exist in your home country. It opens doors to unique experiences, promotions, and skill-building opportunities that accelerate your career growth.

2. Cultural intelligence

Living in a new country teaches you to understand and navigate different cultures. You gain empathy, adaptability, and communication skills, which are invaluable in today’s diverse and interconnected workplaces.

3. Personal growth

Relocation challenges you to step out of your comfort zone. You build independence, resilience, and confidence, learning to handle unexpected situations and adapt to change effectively.

4. Expanded professional network

Working abroad helps you connect with professionals from different industries and backgrounds. These connections provide mentorship, collaboration opportunities, and insights that can enhance your career and open doors worldwide.

Read also: Currency conversion traps to avoid when relocating

Proven tips to keep your money safe while relocating abroad

1. Password-protect devices

Always secure your phones, tablets, and laptops with strong passwords or biometric locks. Enable two-factor authentication on banking apps and email accounts to prevent unauthorised access. If a device is lost or stolen, remote wipe features can protect sensitive financial information from being compromised.

2. Avoid isolated ATMs

When withdrawing cash, choose well-lit, busy ATMs in safe locations such as banks or shopping centres. Isolated machines increase the risk of theft or skimming devices. Staying vigilant reduces the chances of fraud or robbery, keeping your money and card details safer while you navigate a new city.

3. Spread your money

Don’t keep all your cash or cards in one place. Use a combination of wallets, travel pouches, or secure bags to distribute funds. Spreading money reduces risk; if one stash is lost or stolen, you’ll still have access to other funds for emergencies and daily expenses.

4. Keep money discreet

Avoid flashing cash or expensive cards in public. Use slim wallets or hidden pouches under clothing. Being discreet minimises attention from pickpockets or opportunistic thieves, helping you move through unfamiliar areas safely without drawing unnecessary attention to your valuables.

5. Be attentive with bags

Always keep bags and backpacks close, ideally in front of you or secured to your body. Choose anti-theft bags with lockable zippers. Being attentive and cautious in crowded areas reduces the risk of snatching or accidental loss, keeping your belongings and money safe while you travel.

Simplify relocation with Grey

Relocating comes with lessons, opportunities, and the responsibility of keeping your money safe. From learning adaptability as a modern worker to staying vigilant with your finances, every step matters. With Grey, you can move funds securely, access multiple currencies, and settle in with ease.

Sign up or download the app today.

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