How to Choose The Right Bank Overseas
In most developed nations, opening a bank account overseas is as simple as opening one at home. Usually, you’ll be required to furnish proof of residency and identity, and that’s about it.
If you are planning on moving to a country that has a banking system that is less developed than what you have come to expect in your home country, do your research to ensure your funds will remain secure once you move them overseas.
To determine if a bank is trustworthy and secure:
Look into the bank’s international clearing networks.
Figure out if the bank is able to issue Visa and MasterCard credit cards.
Ascertain if the bank participates in a payment clearance network or a shared ATM (a bank that participates in consumer-oriented partnerships and networks is more reliable, as this is a sign that the bank has been vetted)1