Money

[catbalogan]

Hello.  Can anybody suggest a bank operating internationally where it will be easy to send funds from, say, the Philippines, to the United States?  Do any American bank do this type of service?  I've heard of exorbitant fees with correspondent banks so I want to know.  For expats, which is your bank of choice to move funds from one country to the

Comments

[gyre]

I don't know about the Philippines in particular but I had good luck with Citi Bank in both Europe and Asia.

[catbalogan]

DId you have to open a bank account in both Asia and/or Europe? Or did you just have an online bank account with Citi in the US?

[gyre]

For short term, it was fine having just the account in the US and withdrawing money overseas. When I was in England for 15 months and being paid in GBP (but still had expenses in the US), I ended up with a Citibank account in GBP, a USD account in England, and an account in the US.

[catbalogan]

My main concern is wiring funds more than 10 grand. I udnerstand that if it is more than that amount you have to declare it....How did you do yours?

[gyre]

I stayed under the limit.

[gyre]

I also still had the UK account for a while after I moved back. I didn't close it all at once.