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Help with banking from overseas

 
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apanve1



Joined: 17 Sep 2005
Posts: 14
Location: USA

PostPosted: Wed Sep 21, 2005 8:26 am    Post subject: Help with banking from overseas Reply with quote

My husband and I are going to Vietnam to teach and I need some imput about banking from overseas... the only thing bill-wise we're going to need to take care of is student loans (which I'm assuming can be paid online). Should we keep our American bank account? Is there any way to deposit funds intos it while in VN? And if so, would we have to convert VND to USD beforehand? Any and all information on this subject would be greatly appreciated.

Thank you in advance.
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Chris_Crossley



Joined: 26 Jun 2004
Posts: 1797
Location: Still in the centre of Furnace City, PRC, after eight years!!!

PostPosted: Fri Sep 23, 2005 3:39 pm    Post subject: Large banks in my experience, but ..... Reply with quote

I have been in China for almost four years. My experience of transferring Chinese yuan renminbi into UK pounds has been painless, I am glad to say, but I will say that this was done at the largest provincial branch of the bank in Wuhan, one of the largest cities in the country.

You may find that, if you are not in a big city, maybe you could use a branch of Western Union or even the Vietnamese equivalent of the Post Office.

Try posting your query (if you have not done so already) on the Vietnam forum, so someone already there who is in the know can furnish you with the complete information you need.
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nolefan



Joined: 14 Jan 2004
Posts: 1458
Location: on the run

PostPosted: Tue Sep 27, 2005 8:26 am    Post subject: Reply with quote

i'd advice you to sign up for online banking with your bank in the US. It will make money transfers a lot easier and painless. If your bank does not offer such service at reasonable rates (read FREE), go ahead and take a look at NETBANK ( www.netbank.com ). I've been using them for over 3 years and they've been great to me throughout my travels and expat life
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ls650



Joined: 10 May 2003
Posts: 3484
Location: British Columbia

PostPosted: Tue Sep 27, 2005 12:57 pm    Post subject: Re: Help with banking from overseas Reply with quote

apanve1 wrote:
My husband and I are going to Vietnam to teach and I need some imput about banking from overseas...

A thought: while you're looking into the issue of banking, you may also want to check into what you need to do regarding your taxes.
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