[Lancelot]

Quote:

Originally Posted by megacorp-firee What is the best way to transfer/hold a sizeable (say $9K, so we are below the radar of gov'ment, not because anything illegal is going on... but because I try to avoid any unnecessary hassles) amount of money while we are living in a foreign country (like Taiwan, for instance) for about 5 months. I am trying to avoid any exchange expenses. 1) a) Specifically, is it economical to establish an account at a bank within the country and wire transfer $9K at a time to the account? b) Would I get hit with exchange expenses if it went from US $s to Taiwan $s? c) Do they have US $ accounts in other countries? hence no exchange expense until you need to use it. Anyone with eperience in this? Thanks.

I've used my ATM card (Netbank, now ING) in Asia, Africa and Europe and I've not paid any fees. I opened a savings account in Thailand for "back-up" incase I have problems or lose my US ATM card. I've made one wire transfer and paid US $25 in fees.

IMHO, ATM withdrawls is the way to go

Lance