AusFinance

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Banking as an expat (aussie.zone)

submitted 2 weeks ago by [email protected] to c/[email protected]

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We’re working on setting up the ability to spend money easily in Australia. We’re looking at Wise for transfers and starting to live in Aus. As we roll into collecting pay, are there any banks or credit unions that are recommended or actively discouraged from using?

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[–] [email protected] 2 points 2 weeks ago* (last edited 2 weeks ago)

If you're moving from USA, then irrespective of whether you intend to stay in Australia, or return to the US, get tax advice about 401k/roth/australian superannuation. It's a problem either way.

And pray your orange fuckwit doesn't keep outfuckwitting himself.

Imagine if you were trying to transfer your money from one country to another recently, you could have easily lost 30%, simply because of the time it takes to withdraw, transfer and convert your money.