Questions tagged [banking]

Questions related to creating and using accounts in foreign or domestic banks.

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3 votes
1 answer
188 views

Will a U.S. citizen be able to open a bank account in Sweden?

Years ago, my spouse and I moved to Switzerland. While living there, we found out that due to FATCA laws and my spouse being a U.S. citizen, opening a bank account would be difficult. It was ...
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0 votes
0 answers
11 views

Can I open NRE/NRO account with active current account in India?

I am from India and I have recently moved to UAE for full time job here. In order to invest my savings in Indian instruments, I am required to open NRE/NRO account. However, I also have a active ...
1 vote
1 answer
83 views

What is the penalty for not closing an account in Netherlands?

I am an EU citizen. 11 months ago, I opened an account with ING bank in the Netherlands. I was working in the country and needed an account to receive my salary. However, I never received a debit card....
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2 votes
1 answer
82 views

I left money in my JP Bank account when I permanently departed Japan. What are my options for accessing it?

I previously resided in Japan, but I left the country two years ago and no longer have residence status. What are my options for accessing the money I left in my Japan Post Bank account there? More ...
1 vote
0 answers
21 views

Bank acount, debit card and currency in Uruguay

I am relocating from Poland to Montevideo, Uruguay for 6 months. I wonder what is the best way to handle money once I'm there. I don't want to take a lot of cash on me (definitely not for the entire 6 ...
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1 vote
0 answers
72 views

Retiring to Europe- need US phone number for Bank transactions. Bank only accepts 2 FA through SMS from a US number. Can not find a provider-NO VoIP

My question is about Banks, 2 factor authentication, US phone number, SMS
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1 vote
0 answers
43 views

Problem accessing Bank of China account from the UK

My wife has a Bank of China account that she opened in China. The phone number on the account is no longer active, the contract was cancelled long ago. She currently lives in the UK. She wants to ...
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1 vote
0 answers
95 views

How are Russians who oppose/distrust their government supposed to live abroad? [closed]

In the last six weeks since Russia's unprovoked and illegal attack against Ukraine, a lot of young Russians have left the country in protest against their government. However, paradoxically, Western ...
  • 119
1 vote
0 answers
121 views

ING bank Netherlands closed account with negative balance

I'm a foreigner and on 12.1 I closed my ING orange account by MijnIng with last balance 0,60 eur. All went smoothly. About a week later I got a letter "Afschrift Betaalrekening" and there ...
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1 vote
0 answers
63 views

How to send money overseas to family without falling prey to scams? [closed]

For the first time in my life I am looking into sending money overseas. I know that I could "easily" do it through my bank, but I have heard from many sides that the "easy" comes ...
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1 vote
0 answers
47 views

Is it possible to open a bank account in Belgium with a Carte E or E+?

Is it possible to open a bank account in Belgium with only a "Carte E", which is given to non Belgian EU citizens?
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4 votes
0 answers
345 views

ABN AMRO hiked its fees on accounts when you live outside NL - what to do?

Starting July 2021, ABN AMRO has introduced a steep fee on accounts of people living outside NL: Between 2 and 15 EUR / month just for having the account, depending on the country you live in. This ...
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1 vote
2 answers
744 views

Can you keep a Bank of America account with no US phone number?

I recently moved to India from the US and have an active Bank of America account in the US. I was able to update my new Indian address as my mailing address in my contact information but I am not able ...
6 votes
1 answer
300 views

I live in Taiwan. A major US bank wants me to close my checking account, what should I do?

My wife and I are both US citizens. We opened a joint checking account with Wells Fargo bank in US in 1991. We moved back to our home town (Taipei, Taiwan) after I retired in 2009. During the past 12 ...
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2 votes
1 answer
114 views

Declaring Foreign Joint Bank accounts Netherlands

I live and work in the Netherlands. My 30% ruling is about to end during this year (2021) so for the current year's income tax return I will be asked to declare all my foreign bank accounts. I am ...
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2 votes
1 answer
66 views

Ex-Swedish resident without Swedish bank account; can I get a statutory pension overview without a Bank ID, or get a Bank ID living abroad?

I am a Dutch citizen and I have previously worked in Sweden and contributed to statutory and occupational pension schemes (see the findyourpension website for details on how pensions work in Sweden). ...
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1 vote
1 answer
728 views

How to find out the name of the person that an IBAN number belongs to?

If you have someone's IBAN number in another European country than the one you're in (therefore, no local branch of their bank of where you are), is there a way to find out the full name of the person ...
4 votes
2 answers
390 views

Consequences of informing bank about leaving country

I left USA in 2019, but did not inform Bank of America about this. I am currently in Canada, continue to operate my BoA account for payments, and have substantial balance in the bank account in US. I ...
2 votes
1 answer
74 views

Why might my Charles Schwab ATM card not get fees when involved in a currency exchange?‎

I am living abroad and one tip I got was to get a Charles Schwab checking account as they reimburse international ATM fees.‎ I checked my account and didn't see reimbursements,‎ and so I contacted ...
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1 vote
0 answers
32 views

Where could I open a savings account within the SEPA area easiest remotely with an EU passport?

I have a few euros incoming I would rather park in Europe for the time being as wiring to Canada would be a hassle and a serious waste of money, too. I am a Canadian-Hungarian dual citizen, with a ...
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5 votes
3 answers
154 views

Which banks in Spain are more willing to work with foreigners and expats?

I am buying a property in Spain, I got my N.I.C number from the consulate and already started visiting the properties. I was expecting to be able to open a 'foreigner' bank account with ease. Just ...
1 vote
0 answers
73 views

Consequences of FATCA for US expats

Can any US citizens/tax-persons, resident outside the US, confirm that they (or Americans they know) can't open a residence-country bank account due to FATCA (or have had their existing acc. closed by ...
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1 vote
2 answers
9k views

Navigating Capital One's two factor SMS authentication from outside the United States

I have been facing the following problem/issue for some time, but don't yet have a solution. Of the face of it, it's a relatively trivial issue. And maybe I'm making it more complicated or difficult ...
1 vote
0 answers
38 views

Amount credit vs Amount debit?

I'm an expat that recently moved to Germany. Immediately after relocating, I opened a Deutsche Bank account and received a Master Card and Maestro Card + access to my e-banking portal. However, I ...
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1 vote
1 answer
80 views

German/American Citizen tax liability after moving to Germany

I am currently living in the US, and planning on moving to Germany soon for personal reasons. I am currently happily working remotely as a contractor for an American company. What does this mean for ...
1 vote
1 answer
105 views

Difficult to open bank accounts in EU countries?

In USA, I cannot open a checking or savings account because I choose not to unlock my credit records.  (Credit check required to deposit, not borrow?!?) In Spain, only an ID and address needed to ...
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1 vote
1 answer
56 views

Interests on "caution deposit" for rental in Germany

Does the tenant of a flat have any rights on the interests matured on the "caution deposit" or do they belong to the landlord? If yes, according to what percentage should the interests be calculated?
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2 votes
1 answer
92 views

What is the best Thailand bank to transfer money into and from Vietnam?

I live in Thailand and have two bank accounts: One at Krungsri and one at Kasikorn. I might need to stay in Vietnam about 6 months or more in the near future and if so, I would need to use a Thailand ...
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2 votes
0 answers
61 views

Buying a property in France when living in the UK

I am French, but have been living in the UK for the past 20+ years, where I pay all my taxes. Recently, I have inherited a small amount of money in France from my late grandparents, which I would like ...
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0 votes
0 answers
175 views

German Bank Account: Deutsche vs CommerzBank

I'll be arriving shortly in Germany for Work and my company has asked me to tell them my preferred bank to arrange an appointment. I'm looking at various options and Commerz Bank seems to quite good ...
3 votes
1 answer
708 views

What are the necessary procedures (unregistering, etc) to follow when leaving Germany as an expat?

I am not an EU national, but I hold the passport of a country which is in the Schengen area. I have been living in Germany since 2012 and hold a residence permit (permanent starting June 2019) and ...
4 votes
1 answer
58 views

Sequence of SSN, rental, bank account, etc, in USA to satisfy dependencies

I will soon be moving to the US on an H-1B visa. On arrival, among other things, I will need to apply for a SSN, open a bank account, and rent somewhere to live. What is the sequence in which these ...
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2 votes
1 answer
121 views

How can a US company regularly pay an overseas contractor?

I'm doing independent contract work for a small US company, remotely. I am not a US citizen nor resident, and do not have a US bank account. The company occasionally pays me sums of a few thousand ...
  • 2,723
1 vote
0 answers
96 views

A bank employee visited my flat in Germany [closed]

My landlord told me that someone working for the bank will come visit the flat and because I was busy I did not ask why. Then this bank employee came and took a picture of the flat ( and my furniture) ...
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4 votes
2 answers
660 views

How to deposit US social security in Japanese bank

How do I deposit US social security and pension directly to Japanese bank without an American bank?
3 votes
2 answers
138 views

I've left the EU. Should I keep my bank account and credit card?

I was expatriated in the Netherlands for a little under three years, and am now back in my home country (Palestine/Israel). I don't expect to live in the EU again in the near future. I still have an ...
  • 2,723
6 votes
2 answers
160 views

Withdrawing money to buy a car in Japan

I'm an American living in Japan, and I'm looking to buy a car in Japan in the next couple months. I have a Chase bank account with a debit card and a Sapphire credit card. Unfortunately, I don't ...
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1 vote
0 answers
294 views

I am on B1/B2 visa and want to open a credit union account in the US. Can I apply for ITIN to do this? Is this a bad idea?

I am on a B1/B2 visa and want to open a Boeing Employee Credit Union (BECU) checking/savings account in Washington State. My purpose is so that I could have a checking/savings account with 0 USD ...
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2 votes
2 answers
64 views

Best way to take money from USA to Italy

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 ...
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2 votes
1 answer
57 views

How to avoid fees when making purchases in a different country?

I asked a similar question here about credit cards: How can I (a US citizen) set up my bank/money when I move to Portugal? From the answer there it seems like there are some cards that have no ...
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1 vote
0 answers
53 views

Do I need a local German bank account, if I have an account in another eurozone country?

SEPA is supposed to provide for a single Euro payments area, where direct deposits and direct debits are supposed to be unified across the eurozone. IBAN replaces local bank account numbers. A ...
  • 3,421
4 votes
1 answer
120 views

How can I (a US citizen) set up my bank/money when I move to Portugal?

I'm a US citizen and I've lived in the US all my life. Soon I will be moving to Portugal for 6-12 months. How can I set up my money situation so that I don't have to pay an international fee every ...
  • 169
2 votes
2 answers
320 views

Opening a German bank account remotely from Romania

I have been informed by my new employer that I need to supply them with a valid German bank account. I am starting with them in one month, and have no apartment (in the search for which I also need a ...
  • 123
1 vote
1 answer
634 views

Paying off a credit card balance with a foreign bank?

I am getting ready to start a job in Israel, and have been told that the company requires me to have an Israeli bank account that they will direct deposit my salary into. I have heard that credit ...
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3 votes
0 answers
61 views

Why do some US banks not allow US citizens living in Ireland to open/maintain accounts?

Charles Schwab is closing my account because I inquired about changing my address to my Irish residence. I am not sure if the other bank accounts I have in the US have similar policies, but am afraid ...
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-1 votes
2 answers
55 views

Are there any banks in Canada that don't charge large fees for transactions in foreign currencies? [closed]

Looking at the offers from Canadian banks it seems that the choice is quite poor for people who travel a lot. Every bank seems to charge 2.5% on top of dubious exchange rates for every transaction in ...
  • 2,314
1 vote
1 answer
223 views

Are personal cheques still used in Canada?

When looking at bank account options in Canada I can see that many still offer free personal cheques. To me this is something out of the movies, since I've never written a cheque as a (young) European....
  • 2,314
1 vote
1 answer
91 views

Can I create another bank account in a different branch in China? [closed]

I already have a few Chinese bank accounts (ICBC, Construction Bank, and China Merchants Bank). But all of them were opened in Shanghai, and I want to create a new account in different cities. So can ...
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1 vote
0 answers
267 views

How are saving accounts taxed in The Netherlands?

When inheritance money that was already taxed in the country of origin is credited into my Netherlands savings account, do I have to pay taxes on just what is earned by interest, or would I also be ...
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3 votes
2 answers
336 views

Dormant Bank Account in Israel

In 2010 I studied in Tel Aviv. During this period I had a student bank account. Unfortunately, I forgot to close my account before leaving, and was not able to close it until now. The account has ...
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