We are regularly asked about expat offshore banking, best overseas countries, and banks for US citizens. It’s a well-known fact that a right bank can save money for US citizens traveling or living abroad. Many Americans abroad are looking into ways to invest through financial institutions. It can be either in their place of residence, in popular financial city centers or in offshore destinations. When choosing a bank, everyone usually pays attention to following criteria:
- ease of opening,
- Investment access and liquidity,
- taxes,
- asset protection,
- foreign transaction fees,
- exchange rate used to convert foreign transactions to USD,
- wire transfer charges,
- customer service etc.
Read further if you want to learn more about opening an overseas bank account as an American abroad.
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