I am in USA on temporary immigration status and I got an opportunity to move to Italy. I have saved up some money and I would like to use this money in Italy. There is a chance that I might return to USA after 3 years.
I am not sure what the best way to transfer this money is.
I would like to close my USA bank accounts at some point in time as they are not free (Wells Fargo).
Should I convert my money into euros, store it in a currency card and take it to Italy?
I also have credit cards which I would like to cancel.
Should I take some money and then wire the money to myself from my US bank account to my Italian bank account and then close the US account?
The money I have is in the ballpark of 12000 usd