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Antipodean banking group Westpac has extended its support for the Australian expat community with the opening of a new retail branch in London.
The Australian Associated Press reports that while the bank has had a presence in the UK capital since 1853, in recent years it has focused primarily on corporate clients.
However, with the opening of the new branch next year the bank will re-establish its support for its retail customers.
"The reopening of a Westpac retail banking branch in the City of London is an important first step in providing better support and service to those aspiration Australians and New Zealanders in the UK," said Anthony Davidson, senior manager of the bank’s UK operation.
He added that the new service would also be useful for UK residents considering a move to Australia or New Zealand.
Those wishing to avoid being stung financially while living overseas may benefit from taking out an expat medical insurance policy that protects against the costs of expensive treatments.
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Expatriate Group & Expatriate Healthcare are trading styles of Strategic Insurance Services Limited who is authorised and regulated by the Financial Conduct Authority (FCA). FCA Firm reference Number is 307133. Strategic Insurance Services Limited is authorised to carry on Regulated Activities in accordance with the permissions granted by the FCA under PART IV of the Financial Services and Markets ACT 2000.