How big should your expat emergency fund be?
The standard "3–6 months" advice doesn't cut it abroad. Medical emergencies, visa issues, repatriation flights, or a country becoming unsafe can cost far more. Calculate the right cushion for your situation.
Expats face risks that don't exist at home
Emergency repatriation, private medical bills, visa problems, or political instability can require immediate large sums. Your emergency fund needs to cover all of these — in the right currency.
Your situation
Your recommended emergency fund
🏦 Where to keep your emergency fund
✅ Instant-access savings account (UK)
Keep the bulk in a UK easy-access account (e.g. Marcus, Chase UK, Premium Bonds). Protected by FSCS up to £85,000. Accessible globally via online banking.
✅ Local bank account (destination country)
Keep 1–2 months in a local account for immediate local expenses — medical bills, flights, daily costs if UK access is disrupted.
⚠️ Wise multi-currency account
Good as a bridge account — hold multiple currencies, instant transfers. Not protected by FSCS but regulated by FCA. Don't hold your full fund here.
❌ Avoid: Tied up in investments
Emergency funds must be instant-access, not in stocks, bonds or ISAs that take days to liquidate and may be down at the worst moment.