3 ms·
Why do you keep opening bank accounts? You could open a multi-currency account like Wise or Revolut once, and just use that for everywhere you move.
by rhaps0dy 3y ago
Why do you keep opening bank accounts? You could open a multi-currency account like Wise or Revolut once, and just use that for everywhere you move.
- cozzyd 3y agoThat's exactly what I was thinking...
- raincom 3y agoWise and Revolut do not accept checks/cash. As a consequence, one has to have a local bank that accepts checks. Banks also flag accounts and close them later, when they find out that owners live abroad. So, one has to use some sophisticated VPNs to access banks.
- jkaplowitz 3y ago(Not OP) Wise has done repeated verifications for me over time, including as I’ve moved countries, temporarily blocking or delaying transactions more than any other institution I’ve used. They have to follow these rules too. To their credit, they’ve eventually unblocked or approved everything I’ve attempted, since of course it was all legitimate. But it has been a pain in the ass multiple times. Also, sometimes you need a local bank account because of local country-specific reasons, such as developing a history with the local credit agency (this can include even regular deposit accounts), or avoiding problems from payment websites that expect you to have a local in-country account (quite common in the EU even though that’s illegal).