On the Move to the UAE

Enquiries from UK residents about moving to the UAE have surged by approximately 420% over the past five years, reflecting a rapidly growing interest in relocation. This rise aligns with broader trends of demographic shifts, evolving lifestyle expectations, and expanding international career opportunities. As mobility accelerates, so does the demand for banking solutions that enable clients to manage their wealth seamlessly across borders.  

Preparing for Relocation with the iFAST Multi-Currency Current Account 

A successful move requires early financial preparation. The iFAST Global Bank Multi-Currency Current Account (MCCA) is designed to support clients throughout the relocation process. 

1. Open the MCCA before departure 
Set up the account while still in the UK to centralise GBP and AED banking before you move to UAE 

2. Build pre-move savings efficiently 
Hold GBP in the current account and earn up to 2.65% AER (variable)*, helping our customers prepare for property deposits, school fees, and early living expenses. 

3. Use one multi-currency debit card globally 
Spend domestically or internationally using the Multi-Currency Debit Card (available for UK residents only), with no overseas transaction fee and no ATM cash withdrawal fee from us, supporting cost-efficient spending during travel and pre-relocation visits. 

4. Convert currency in advance 
Swap GBP to AED within the account as needed, reducing reliance on external FX providers and supporting smoother budgeting. 

5. Ensure day-one liquidity in the UAE 
Hold AED in the MCCA and earn 2.8% AER (variable)* on the current account balance, providing immediate access to local currency for daily expenses upon arrival. 

6. Maintain long-term cross-border flexibility 
Continue managing GBP and AED from the same account after relocation. This supports ongoing income flows, remittance needs, and multi-market financial planning. 

The MCCA enables clients to prepare effectively, minimise administrative friction, and maintain financial control before, during, and after their move. It provides a structured, multi-currency foundation for our customers. 

*Details regarding the interest rates for other currencies can be found on our website at www.ifastgb.com. Please refer to our website for full terms and conditions. Up to £120,000 of your deposit is fully protected by FSCS (Financial Services Compensation Scheme). https://www.fscs.org.uk/ has further details on the scheme.    
Interest is calculated daily and paid out monthly. The interest you receive may be subject to UK tax, depending on your individual circumstances for which you should seek independent advice. The rates provided are the published rates as of 14/1/2026.