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How do I Change Banks When Moving Overseas

GEMoney

Even after you hire an international moving company, you might still feel a little nervous about your move. Not only do you need to find a place to live, the location of the nearest hospital and handle saying goodbye to your family and friends, but you also need to think about your finances. Banking overseas often means that you need to find a new bank, and you’ll want to look at a few things before making your final decision.

Research Bank Fees

Many people move abroad because they enjoy traveling. Whether you move to Rome, Paris, London or a smaller town, you still want to know that you can travel without worrying about overdrafting your account. Ask the local banks about the transaction fees that they charge for foreign purchases. You want to know that you can buy products in your new town, souvenirs when you travel and buy and send goods back in the United States without paying a lot for foreign transaction fees. You’ll also want to look at how much the bank charges for bounced checks, ATM withdraws and other issues.

Look at Bank Branches

A reliable bank will have more than just one location in your new city. When banking overseas, you want to look at how many branches the bank has in the city and how many ATMs the bank has in other towns. When traveling from one city to the next, you don’t want to pay high fees just to take some money out of your account. Many financial institutions have agreements in place that let you make a withdraw from an ATM owned by a second bank without paying any additional fees.

Examine Your Needs

Do you want to open a savings account that comes with a high interest rate? Do you need an account that offers some extra protection when you visit foreign countries and cities? Looking at your needs before you open an account can help you avoid any high fees and unexpected problems in the future. The right bank is one that gives you the interest rate that you want and the features that you need. Banking overseas is easy when you know what you want. You can look for a new bank and even sign up for a new account before you move.

When working with SDC International Shipping, we’ll not only move your belongings professionally and swiftly, we can provide advice for banking overseas. We’ve been in this industry for years and know the whole international moving process inside and out. Rely on us to get you the results you want.

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