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Forex

All You Need to Know While Immigrating to UK

Migrating to the United Kingdom has been on the rise after the Pandemic. Although the UK culture in itself is a thing of beauty, there is much more to it than just that; take for example their world-renowned history, literature, and cuisines, to name a few. There are several things that one must know before migrating to this beautiful country to enjoy what the UK has to offer to the fullest. 

People who migrate to study in the UK or for work face challenges such as difficulties like language barrier, unpredictable weather conditions, delegating day-to-day expenses, getting used to currency differences, and more are inevitable. Thus, Thomas Cook is here to help you with Emigration Forex Cards and Currency Notes. Our goal is simple; with our advantageous emigration forex products, we want to ensure people migrating to the UK can settle in the new environment quickly and more efficiently.

Nevertheless, you should know all the following things while immigrating to the UK. So, let Thomas Cook guide you for the same. 

Cost of living 

It’s crucial to know the cost of living before your UK immigration from India. You should research the UK city you will be living in to get a better idea. For example, the cost of living in London which includes rent, utility bills, food costs, entertainment, and transportation is relatively higher than in other regions. So, it would be rather useful to make an additional list of costs to have an idea of your monthly/yearly living cost for proper budgeting.

The best way to manage your cost of living better is with the help of Thomas Cook’s forex products which offers benefits like Multiple and One Currency Forex Card which shields you from the hassle of keeping up with the fluctuating exchange rate. As you will be loading the currencies in advance, you can lock your conversation rate. So, you will be able to manage and handle your cost of living better with our Forex Cards. You can load one to nine different types of currencies in this single borderless prepaid card of ours.

Healthcare

Many people who migrate to UK from India or other regions are very confused about the healthcare system. As per the current year, the cost is 624 euros per year and those on a student visa have to pay 420 euros per year. Healthcare, as we know, is the most important thing to be taken under consideration when immigrating to any country. But the UK has an upper hand as its healthcare services are considered to be one of the best worldwide. For additional help, students can also choose Thomas Cook’s overseas student health plans.

Transport

The transportation in the UK is generally very good and even commendable in some cases as their transport facility is smooth and well-connected. This is great news as a huge purchase like buying a car just after moving to the UK is not possible financially for most people, especially for students.

Do try to avoid taking trains as much as possible as the ticket price (except for Coaches) is high. Consider the bus instead as this mode of transportation is available everywhere in the UK. You can even download apps that let you track live timetables to see when the next bus is coming.

For daily expenses like transportation costs or food expenses, our forex currency notes can be your ultimate friend in the foreign British city you are migrating to.  Thomas Cook Forex Currency Notes can offer you the flexibility that having hard cash provides.  With us, you can take care of your daily or petty expenses without the burden of checking the exchange rate every time.

UK bank account

Yes, opening a bank account when you have migrated to the UK is highly advisable. The account opening process and difficulty level will depend on the bank selected. Typically, you have to visit the bank’s website, provided the required information to fill in the online application form, and verify your documents like your passport and other documents to get an account running. If you are interested in opening a UK bank account, then you should know that most banks charge a high amount when you make transactions with Debit and Credit Card.

Choose Thomas Cook as we do not levy any charges when you make any transactions with the help of our Forex cards. You are not required to link our forex cards with your bank account.

Buy local currencies

After shifting to the UK, one of the most common/fundamental things is to buy foreign exchange which is way better than paying with a credit card, as sometimes the variation between currency exchange firms could be as high as 6 percent. So, you need to pay attention to the currency rate and the charges from the exchange firms if you are interested in buying local currencies.

You can very well use Thomas cook’s online forex platform where you can easily compare rates between several currency exchange providers and banks. However, there is no need to constantly worry about exchange rates when you are using our forex products. So, consider Thomas Cook instead of buying currencies as much as possible to get the maximum benefits.

Work-life balance

The Brits are low on celebrating public holidays as they believe there is no cause for celebration on Thanksgiving or Memorial Day. So, expect fewer holidays. This is the biggest issue that people who recently migrated to the UK face as it disrupts the perfect harmonization of work-life balance. You will already be stressed as you recently moved, and this sort of misbalance can create an unwanted situation.

Fear not as the UK is among the very few nations which will allow you to have multiple paid leaves. To be precise, workers are legally entitled to get 28 days of paid vacation which make up for the fewer holidays given by the country. So, the work-life balance in the corporate industry in the UK can offer stability with comfort. So, now that you are aware of this, do take advantage of this information and research further to ensure your immigration and settling-in process remains seamless throughout.

Sending money home

If you are moving to study in UK, then you plan ahead the most cost-effective method to send money to your loved ones. Students working part-time or people who moved for a new job tend to send money home as a token of respect and love towards their family. This is especially true for students who migrate to the UK from India as they know their move was costly for his/her family.

Banks and traditional money transfer companies are common options, but the charges are always high in most cases. This is where Thomas Cook can help.  Within a very minimal time, your loved ones can receive money in India. Choose our easy money transfer services and choose between the effective and popular Xpress Money or MoneyGram platforms to send money effortlessly.

These were everything that one needs to know while migrating to UK. Interested in learning more about how Thomas Cook can make your emigration process quicker and smoother? Then, do contact us today as we are here to help.

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