Finance -10/12

It costs from $2-5 to withdraw money from an ATM that is not associated with your bank. Therefore your best bet is to open an account here and process all your transactions through them, to avoid withdrawal fees (which can really add up over a year…). Also, try using a company like TransferWise to transfer your money across without paying extortionate international bank processing fees that most banks incur. And keep an eye on the currency rates between your home currency and the dollar! With Trump at the helm, anything can happen. This has not gone unnoticed by the finance sector and the currency rates have fluctuated a lot over the past year – so keep an eye on them and pick the best moment to transfer money across at the best rate.

Michael Rounds

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