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Which Bank for primary checking account is best for an American moving to AD?

Which Bank for primary checking account is best for an American moving to AD?

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Old Oct 20th 2014, 8:21 pm
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Default Which Bank for primary checking account is best for an American moving to AD?

Which Bank for primary checking account is best for an American moving to AD? Something where I can easily convert my AED to USD to pay bills back home or where I can transfer money out of the account freely.
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Old Oct 21st 2014, 3:45 am
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Default Re: Which Bank for primary checking account is best for an American moving to AD?

You are asking this question on the BritishExpats website????
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Old Oct 21st 2014, 4:50 am
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Default Re: Which Bank for primary checking account is best for an American moving to AD?

@mikewot I'm sure I am not the only american that uses this site for information
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Old Oct 21st 2014, 4:54 am
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Default Re: Which Bank for primary checking account is best for an American moving to AD?

You are possibly not but your question is oriented very much towards those from the Virginian Colonies and I'm certain would be much better answered by your fellow countrymen on a website specifically for them, as opposed to a British website

Sorry I probably did not sound especially helpful. To translate your question and give an answer (because yours is the type of question which has been asked about 1,000,011 times previously) most people do not use the banks to transfer money back to their home country (or elsewhere) because you do not get the best rate. You can open an account at any bank (they are generally all as bad as each other, have a search) and use a transfer company such as GCEN to get a better rate.

Last edited by mikewot; Oct 21st 2014 at 4:57 am. Reason: Added info
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Old Oct 21st 2014, 5:21 am
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Default Re: Which Bank for primary checking account is best for an American moving to AD?

In my search I didn't come across this answer, thanks for being helpful in your second response I will look into some transfer companies.

If there was an American site equal to this I would been on it. :-)
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Old Oct 21st 2014, 5:49 am
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Default Re: Which Bank for primary checking account is best for an American moving to AD?

Originally Posted by mdoe
If there was an American site equal to this I would been on it. :-)
We British are quite experienced at colonising the world, happy to pass that on to you whippersnappers.
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Old Oct 21st 2014, 8:03 am
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Default Re: Which Bank for primary checking account is best for an American moving to AD?

Originally Posted by mikewot
You are possibly not but your question is oriented very much towards those from the Virginian Colonies and I'm certain would be much better answered by your fellow countrymen on a website specifically for them, as opposed to a British website

Sorry I probably did not sound especially helpful. To translate your question and give an answer (because yours is the type of question which has been asked about 1,000,011 times previously) most people do not use the banks to transfer money back to their home country (or elsewhere) because you do not get the best rate. You can open an account at any bank (they are generally all as bad as each other, have a search) and use a transfer company such as GCEN to get a better rate.
Citibank are probably pretty good for Americans (and others that already have accounts in their global network). Also they give better forex rates and quicker transfers than most banks here, probably because they are not a local bank. I have even found that they sometimes have better forex rates (shock horror) than GCEN and the like for my monthly transfers.
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Old Oct 21st 2014, 9:53 am
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Default Re: Which Bank for primary checking account is best for an American moving to AD?

Nbad

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Old Oct 21st 2014, 9:55 am
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Default Re: Which Bank for primary checking account is best for an American moving to AD?

Originally Posted by norsk
Citibank are probably pretty good for Americans
And there speaks one of the original colonisers of the UK, who taught us all we needed to know before going back home and inventing Lego and Volvo cars.
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Old Oct 21st 2014, 10:03 am
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Default Re: Which Bank for primary checking account is best for an American moving to AD?

Originally Posted by mikewot
And there speaks one of the original colonisers of the UK, who taught us all we needed to know before going back home and inventing Lego and Volvo cars.


From a people perspective you are right of course. My ancestors did massacre and colonise your island(s). You should indeed be grateful of course as you received plenty of culture and bloodlines in return for our visit (blonde women etc).

However. Lego is Danish and Volvo is Swedish so not quite a direct hit on me as a Norwegian. Instead you could have pointed out that Norway owns approx 1% of all publicly traded stock globally. Not bad for a small country of less than 5 million inhabitants....
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Old Oct 21st 2014, 10:07 am
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Default Re: Which Bank for primary checking account is best for an American moving to AD?

Originally Posted by norsk
From a people perspective you are right of course. My ancestors did massacre and colonise your island(s). You should indeed be grateful of course as you received plenty of culture and bloodlines in return for our visit (blonde women etc)
Indeed, thank you very much.
Originally Posted by norsk
However. Lego is Danish and Volvo is Swedish so not quite a direct hit on me as a Norwegian.
But still of the Scandanavian family
Originally Posted by norsk
Instead you could have pointed out that Norway owns approx 1% of all publicly traded stock globally. Not bad for a small country of less than 5 million inhabitants....
With a huge oil reserve not too far away

Can you suggest anything to do in Bodo? I have a work trip there for a few days. In January!!
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Old Oct 21st 2014, 10:21 am
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Default Re: Which Bank for primary checking account is best for an American moving to AD?

Originally Posted by mikewot
Can you suggest anything to do in Bodo? I have a work trip there for a few days. In January!!
Layers is the key to getting dressed in the Norwegian winter. Much better than just wearing a thick coat as you can take layers off if the temperature changes instead of sweating like a pig....

Winter in Northern Norway is awesome! Cold, but beautiful scenery. And Northern Lights (if you're lucky). Do you ski? There is plenty of that going as you would expect. Ice fishing is also pretty cool if you haven't tried it before.

Check this website: Bodo.no

Or you could just drink. After all the bars are usually full all winter up there (despite the prices).
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Old Oct 21st 2014, 11:24 am
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Default Re: Which Bank for primary checking account is best for an American moving to AD?

Originally Posted by mdoe
Which Bank for primary checking account is best for an American moving to AD?.
Some of the banks offer a card that gives you discounts in restaurants. That'll save your average American a fortune I would imagine...
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Old Oct 21st 2014, 11:26 am
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Default Re: Which Bank for primary checking account is best for an American moving to AD?

Originally Posted by mikewot
Indeed, thank you very much.

But still of the Scandanavian family
With a huge oil reserve not too far away

Can you suggest anything to do in Bodo? I have a work trip there for a few days. In January!!
Actually norways oil is in serious decline, the two shell fields I work on there are virtually finished and they don't own any more!

Secondly Mike. What banks would you recommend a Brit moving to AD to go for..? Ease of opening etc, can it be done from UK before leaving like I did with an Aussie account? Cheers
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Old Oct 21st 2014, 11:33 am
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Default Re: Which Bank for primary checking account is best for an American moving to AD?

Originally Posted by Brains1983
Some of the banks offer a card that gives you discounts in restaurants. That'll save your average American a fortune I would imagine...
Do Maccie'ds and BK offer a discount?
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