Bankwesen & Geld — Briten

Moving from GBP to a rupee life is straightforward, but two British-specific issues catch people out: UK banks closing accounts of non-residents, and the cost of moving sterling.

Keep a UK account open

Many UK high-street banks restrict or close accounts once you're no longer UK-resident. Before you go:

• Keep at least one UK current account and, ideally, a UK address arrangement, so you retain access to sterling, pensions and any UK income.
• Consider a UK-based account that explicitly serves expats.
• Update the bank honestly about your status — but know that some will act on it.

Moving money to Mauritius

Do not use a high-street bank's own FX for large transfers — the spread on a property deposit can cost thousands. Use a specialist:

• Wise, Currencies Direct, or similar for competitive GBP→MUR rates.
• Lock in rates ahead of a property completion where possible.
• Keep evidence of the source of funds — the Mauritian bank and tax residency both require it.

Opening a Mauritian account

Bring your passport, proof of address, proof of income and your permit. Full resident accounts are easiest once your Occupation/Residence Permit is issued. Major banks (MCB, SBM) are used to British clients and English-speaking.

Sterling can be volatile against the rupee; budget with a margin and avoid holding large balances in a single currency at a poor rate.