Why iFAST Global Bank Can be Part of Your Retirement Plan Abroad

Looking to the future is always important. At some point, you’ll want to take all the money you’ve been saving and spend it on your retirement. For some, that means staying in the UK. For others, that means living abroad. But just because you’re living abroad, that doesn’t mean you need to abandon your UK banking ecosystem. This guide explores how iFAST Global Bank can be a crucial part of your retirement plan abroad, no matter if you’re in Thailand, Italy, Japan, or anywhere else. 

Fixed term deposits to build your wealth 

Retiring means that you’ll be relying on a certain sum of money to provide for your lifestyle, with nothing from employment coming in. Part of retiring is understanding how to build that sum, so that you can ensure a comfortable lifestyle. With iFAST Global Bank, you can keep your money in a fixed term deposit*, allowing you to grow money that you don’t need at an accelerated rate, so that you have more to spend on your retirement lifestyle abroad. 

*iFAST Global Bank Fixed Term Deposits are subject to a fixed deposit term. Early withdrawal before maturity is not permitted unless under exceptional circumstances and may result in loss of all accrued interest. A 14-day cooling-off period applies from the date of application, during which you may cancel your fixed term deposit without penalty. More details can be found on our website at www.ifastgb.com. Deposits up to £120,000 are fully protected by FSCS (Financial Services Compensation Scheme). More details: https://www.fscs.org.uk/. T&Cs apply. 

Multi-Currency Current Account to spend abroad 

Just because you’re using a UK bank, that doesn’t mean you should suffer when spending internationally. With iFAST Global Bank, you gain access to a Multi-Currency Current Account, allowing you to spend and manage up to 11 different currencies at a time, ensuring you always have the ability to pay like a local. Your iFAST Multi-Currency Current Account is also interest bearing**, allowing you to ensure that even if you need to spend it tomorrow, your money is working for you today. 

**18+, Interest rates are variable and are subject to change. Details regarding the interest rates can be found on our website at www.ifastgb.com. Please refer to our website for full terms and conditions. Deposits up to £120,000 are fully protected by FSCS (Financial Services Compensation Scheme). https://www.fscs.org.uk/ has further details on the scheme. 

EzRemit to transfer your money 

More money is always appreciated but it’s useless if you can’t get it in the right account to spend it. iFAST Global Bank Customers don’t have that problem. With iFAST Global Bank, you can transfer your money to banks around the world with EzRemit. You need money in your Thai KBank account? EzRemit ensures that it’ll arrive in minutes***. Need to send money to relatives in Malaysia?  Just enter the details and the money will be sent straight to your TnG wallet. The best part? EzRemit transfers are fee-free to send, and are always at competitive market rates, ensuring that you get the best deal on your money. 

***Same currency international transfers will incur fees. Refer to our Fees and Charges (Link) for up to date figures. 

Worldwide Scan & Pay for convenient spending 

Sometimes, you might forget to bring your wallet with you. No wallet means no cards or cash, which means no spending. iFAST Global Bank fixes that. With an iFAST Global Bank account, you have access to Worldwide Scan & Pay****, allowing you to make fee-free cross-currency Alipay+ QR code payments all around the world. No matter if you’re in Thailand, China, or Europe, Worldwide Scan & Pay has your back, empowering you to make payments straight from your phone. 

****Scan & Pay is for cross-currency payments only. Availability of QR payments may vary by country and merchant. T&Cs apply. 

Keeping your UK system alive 

Retiring is all about managing your finances, and just because you no longer live in the UK, doesn’t mean that you have to abandon your UK banking system. Built for international living, iFAST Global Bank is designed to empower you financially, no matter where you’re living. It doesn’t matter if you’re in the UK, Thailand, Germany, China, or elsewhere, iFAST Global Bank helps you live your best life after work. 

Because you’ve earned it. 

*iFAST Global Bank Fixed Term Deposits are subject to a fixed deposit term. Early withdrawal before maturity is not permitted unless under exceptional circumstances and may result in loss of all accrued interest. A 14-day cooling-off period applies from the date of application, during which you may cancel your fixed term deposit without penalty. More details can be found on our website at www.ifastgb.com. Deposits up to £120,000 are fully protected by FSCS (Financial Services Compensation Scheme). More details: https://www.fscs.org.uk/. T&Cs apply. 
**18+, Interest rates are variable and are subject to change. Details regarding the interest rates can be found on our website at www.ifastgb.com. Please refer to our website for full terms and conditions. Deposits up to £120,000 are fully protected by FSCS (Financial Services Compensation Scheme). https://www.fscs.org.uk/ has further details on the scheme. 
***Same currency international transfers will incur fees. Refer to our Fees and Charges (Link) for up to date figures. 
****Scan & Pay is for cross-currency payments only. Availability of QR payments may vary by country and merchant. T&Cs apply.