Relocation
Move anywhere. Pay in local currency.
Corporate mobility teams, relocation agencies, and individuals moving internationally face significant hidden costs in currency conversion — from property purchases and rental deposits to relocation allowance disbursements and ongoing living expenses. Jackson Swiss Partners provides institutional FX rates, virtual accounts, and hedging programmes that take the currency risk and complexity out of every international move.
The challenge
Relocation budgets are set in GBP. The world charges in everything else.
Every relocation involves multiple large currency transfers — property purchases, rental deposits, school fees, moving companies — and banks charge 2–4% on each one. On a £500,000 property purchase that is £10,000–£20,000 surrendered to a bank's FX desk before any service is delivered.
The timing risk compounds it: when a relocation date is fixed, rate volatility between budget-setting and completion can swing the actual GBP cost of a purchase by tens of thousands — without a forward contract, the CFO cannot sign off a relocation budget with any confidence.
Hidden FX Costs on Every Transfer
Banks charge 2–4% on international transfers for property, rent, and allowances; on a £500K property purchase, that is £10,000–£20,000 paid to the bank's FX desk before any service is delivered.
Rate Volatility Destroys Budgets
A 5% swing in EUR/GBP between relocation budget approval and completion date turns a £500,000 budget into a £525,000 cost — without hedging, no relocation budget is truly fixed.
Multi-Stage Payment Complexity
Relocation involves rental deposits before move, property completions on fixed dates, allowance disbursements in local currency, and ongoing living costs — all in different currencies, often on tight timelines.
Core solutions
Built for international moves
Corporate Relocation Disbursements
Disburse relocation allowances directly in the destination currency at institutional rates — with full documentation, per-employee tracking, and same-day settlement on major corridors.
- Allowance payments in 30+ destination currencies
- Bulk disbursement for large mobility programmes
- Full HR documentation and audit trail per transfer
Property Purchase FX
Lock the exchange rate on a property purchase 1–12 months before completion — converting an uncertain future cost into a fixed, budgeted GBP amount from the day contracts are exchanged.
- Forward contracts matched to completion date
- Covers deposits, balance payments, and legal fees
- Rate held regardless of market movement between exchange and completion
Virtual IBANs for International Living
Maintain multi-currency virtual accounts for ongoing international living — receiving salary, paying rent, utilities, school fees, and daily expenses in local currency without repeated conversion friction.
- Multi-currency virtual accounts per destination currency
- Receive local salary or stipend directly
- Pay rent, bills, and living costs at competitive rates
Relocation FX Hedging
When a relocation date is confirmed 3–12 months ahead, hedge the full expected FX costs — protecting the relocation budget from adverse currency movements before a single transfer is made.
- Forward contracts on property purchase, rental deposit, and allowance costs
- Budget certainty from day relocation is confirmed
- Phased drawdown matched to payment milestones
How it works
From plan to settled
Plan
Map all relocation costs by currency and timing: property purchase, rental deposit, allowances, moving costs, school fees — we build a full FX requirements schedule.
Lock
Forward contracts placed on all known future transfers — rate fixed today regardless of what markets do between now and each payment date.
Transfer
Execute all payments at the locked institutional rate — property completions, rental deposits, allowance disbursements — same-day on major corridors.
Settle
Multi-currency virtual accounts handle ongoing living costs — salary received, rent paid, utilities settled — all at institutional rates with consolidated monthly reporting.
typical FX markup charged by high-street banks on international property and relocation transfers
potential FX saving on a £500,000 property purchase at 4% bank spread vs JSP institutional rate
currencies supported for destination property purchases, rental payments, and living costs
Why choose JSP
What relocation teams gain
Relocation FX Expertise
Deep knowledge of property purchase timing, corporate mobility disbursement, and the multi-stage FX requirements of international moves.
Institutional Rates on Large Transfers
Better rates than high-street banks on property purchases, rental deposits, and lump-sum allowance disbursements — savings that are largest on the biggest transactions.
Budget Certainty via Hedging
Forward contracts on all known relocation costs give HR teams and individuals a fixed, predictable GBP cost from the day a move is confirmed.
30+ Currencies
Destination coverage for corporate mobility in all major markets — UAE, USA, Singapore, Germany, Australia, Hong Kong, and beyond.
Full Audit Trail
Per-transfer documentation for every payment — ready for HR sign-off, expense reconciliation, and statutory reporting.
Same-Day Settlement
Faster than correspondent banking for property completions and rental deposits where timing is contractually critical.
Relevant services
The Jackson Swiss Partners toolkit for relocation
Payments & Collections
Fast, cost-efficient international transfers for relocation payments and allowance disbursements at institutional rates.
Learn moreVIBANs
Virtual accounts for receiving and spending in local currencies during international relocation and ongoing international living.
Learn moreCash Management
Multi-currency cash management for ongoing international living and corporate mobility programmes.
Learn moreRelocation FX FAQ
Common questions from HR mobility teams, relocation agencies, and individuals planning international moves.
We provide a direct disbursement infrastructure that pays relocation allowances in the destination currency at institutional FX rates — avoiding the 2–4% retail bank spread typically charged on each transfer. Payments can be made individually per employee or in bulk for large mobility programmes, and every transfer comes with full HR documentation and per-employee audit trail ready for expense reconciliation and compliance reporting. Same-day settlement is available for major currencies before the cut-off date, including AED, USD, EUR, SGD, and AUD.
Yes. We structure forward contracts that fix the exchange rate on a property purchase from the day contracts are exchanged through to completion — which can be 1–12 months later. This converts an uncertain future FX cost into a fixed, budgeted GBP figure from day one. The forward contract covers the deposit, the balance payment, and any legal or agent fees, and is drawn down at the locked rate regardless of how markets move between exchange and completion. This is one of the most significant FX risk management decisions an individual or corporate can make on an international property transaction.
Virtual IBANs give relocated employees multi-currency accounts in their destination currency — so they can receive salary or stipend directly in EUR, AED, USD, or SGD, and pay rent, utilities, school fees, and daily expenses without repeated currency conversion. This helps reduce the friction and cost of converting GBP every time a local bill is due. Balances are visible in real time, and all transactions are reported monthly with full transaction detail for expense management and HR reconciliation.
We support 30+ currencies for relocation-related payments, covering all major destination markets including EUR (Europe), AED (UAE), USD (USA), SGD (Singapore), AUD (Australia), HKD (Hong Kong), CHF (Switzerland), JPY (Japan), CAD (Canada), and more. If your employees are relocating there, we almost certainly support the destination currency. We will confirm specific corridor availability, settlement times, and rate competitiveness when we review your relocation programme.
High-street banks typically charge 2–4% on international property purchases and relocation transfers — often embedded invisibly in the exchange rate rather than disclosed as a fee. On a £500,000 property purchase, that is £10,000–£20,000 paid to the bank's FX desk before any service is delivered. At institutional rates, JSP prices at a fraction of that. We will provide a direct like-for-like comparison against your bank's quoted rate before any transfer is made — the difference is typically visible within seconds of a quote, and the savings on large one-off transactions are the most significant we deliver for any client.
Get started
Planning an international move? Let us handle the currency.
Speak to a relocation FX specialist who understands property purchase timing, corporate mobility disbursement, and the multi-stage currency requirements of every international move. We will map your full FX exposure and show you exactly what your bank is charging — and what you could save.