Job Discussion Forums

gugelhupf · Joined: 24 Jan 2004 Posts: 575 Location: Jabotabek

Most people I know who work abroad long term - even those who claim they aint never coming back - still maintain a bank account in the home country, usually at mother's address.

Has anyone cut the umbillical completely and just used local banks in whichever countries they were working at the time?

Which countries have the best or worst banking systems in the world?

Mike_2003 · Joined: 27 Mar 2003 Posts: 344 Location: Bucharest, Romania

Don't have a bank account, cheque book or credit card in any country Cool

James_T_Kirk · Joined: 20 Sep 2003 Posts: 357 Location: Ten Forward

Mike_2003 · Joined: 27 Mar 2003 Posts: 344 Location: Bucharest, Romania

struelle · Joined: 16 May 2003 Posts: 2372 Location: Shanghai

foster · Joined: 07 Feb 2003 Posts: 485 Location: Honkers, SARS

I have an account with my dad as a secondary signer so that if there are problems, he can go to the bank and straighten it out for me. Now that all the loans are all paid off and no one wants any more cash from me in Canada, I am considering closing it and going all online.

Is PChoice Bank a good idea for all online banking?

dmb · Joined: 12 Feb 2003 Posts: 8397

I've always had a bank account in my country of residence. I recently set up an off-shore account(which is online)

naturegirl321 · Joined: 04 May 2003 Posts: 9041 Location: home sweet home

I've got a bank account, cheque, and credit cards at my parents address. I've got bank accounts here in CHina too.

Joachim · Joined: 01 Oct 2003 Posts: 311 Location: Brighton, UK

I have bank accounts in hong Kong, Thailand and Indonesia, but all my credit cards are still based in the UK.

From my experience Thailand was the worst place to bank, especially the Bangkok Bank - they didn't have a clue!

denise · Joined: 23 Apr 2003 Posts: 3419 Location: finally home-ish

I do my banking online, but I still get paper statements mailed to my parents' address. (Why?!?!? I certainly don't need them!) I also send money back to my mom for her to deposit into my account. Maybe I should have added her name to the account, but so far there haven't been any problems.

d

johnslat · Posted: Mon Mar 29, 2004 10:55 am Post subject: You can bank on it

After my experience in Iran in 1979, I always had an account in the States when I was overseas. I knew colleagues who lost their life savings when the revolution happened there. I was lucky; I only lost a couple of thousand dollars. But it taught me a lesson - send the money home ASAP.
I also gave my Significant Other Power of Attorney, which came in very handy on many occasions. However, to do that, you'd better have someone you trust completely.
Regards,
John

Lanza-Armonia · Posted: Mon Mar 29, 2004 11:51 am Post subject:

I've kept a bank account at 'mum's' address in the UK. So no cord broken there. I've also kept a Spanish one open; great interest rates... And of course, four chinese ones..... good and bad points of each...

lucy k · Joined: 06 May 2003 Posts: 82 Location: istanbul, turkey

I still have my account in the States, and I have my mom's name on it. I also have two Turkish bank accounts, one in local currency, one in dollars. After the crash several years ago (which I thankfully wasn't here for), I think it's best to put everything in dollars a.s.a.p! My mom has an ATM card for my accounts in the States and Turkey, so she can easily transfer money for me. I do most things on line, though. Isn't the Internet great?

Irish Blood English Heart · Posted: Mon Mar 29, 2004 1:14 pm Post subject:

Lucy you should have put it in pounds sterling not dollars. 2 years ago you got 1.40 dollars to the pound these days its nearer 2! make it very easy for us brits to take foreign holidays but dead expensive to work abroad and try and save with such a strong currency.

lajzar · Joined: 09 Feb 2003 Posts: 647 Location: Saitama-ken, Japan