Banking advice

Closed Thread Subscribe

Thread Tools

May 27th 2012, 5:58 pm

#16

HarryTheSpider

BE Forum Addict

Joined: Jun 2010

Posts: 2,847

HarryTheSpider has a reputation beyond repute

Re: Banking advice

Quote:

Originally Posted by Keith S

We were in the same position. So we opened an account with Citibank in Australia then another in the US with the same bank when we got here. Citibank claim to be a full international facility. Now we can transfer Aus$ at a fair exchange rate with little or no bank charges.

Little or no bank charges? Really, with Citi? They'll get you at some point, they did so with us!!

May 27th 2012, 6:07 pm

#17

Keith S

Forum Regular

Joined: Jan 2008

Location: Jacksonville, FL

Posts: 179

Re: Banking advice

I'm sure they would if they get the opportunity. We have to leave a certain balance so that we have the benefits of "Citigold" status, then it's fee-free. Works at the moment.

May 28th 2012, 5:25 pm

#18

nun

BE Forum Addict

Joined: Aug 2004

Posts: 4,754

Re: Banking advice

Quote:

Originally Posted by auntieginzy

Hi, we are very near to emigrating now and I wondered if someone could help with money advice. We both have a US bank account as well as our UK accounts. We are both retired. At the moment our pensions are paid into our british accounts. I have three different pensions that are paid that way.

I'm interested to know what your pension providers have said about you becoming US residents. There was a recent thread where someone with a Greencard was asked to move his UK pension as his provider didn't want to deal with US citizens or residents because of FATCA. Your providers might be different, but you should definitely check with them before you emigrate. Also what arrangements have you made for you UK state pension?