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Routine banking across borders over the long term has become nightmarish for expats in particular. I have a client who isn’t even an expat. She’s a digital nom
by TheNewsIsHere 3y ago
Routine banking across borders over the long term has become nightmarish for expats in particular.
I have a client who isn’t even an expat. She’s a digital nomad running a company from her computer. Her business is regulated and she holds all the necessary licenses. Her business is US based, with US based employees.
But God help her when she’s traveling, which used to be most of the time. She’s had US banks close her business and personal accounts simply for continued cross-border use. Her business doesn’t really permit her to use foreign banks. But she has had a hell of a time finding a bank that’s OK with her traveling outside the US for months at a time.