Opening a foreign currency account abroad
in Banking, Insurance & Loans ·
Pure genius. Seriously, thanks a ton.
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Opening a foreign currency account abroad
in Banking, Insurance & Loans ·
So, say someone lives here in the States but lands an online gig with a company based overseas... how does the money actually move? Like, do they get paid into a local bank account or an international one?
It seems way more complicated if you try to keep everything domestic, but would a company even care if you used an account in their home country? I mean, could the employer just wire the cash to an account over there, then the person pays their taxes locally and uses a debit card from that account—or maybe somehow links it back to an American card? Not sure if that's even possible...
The part that's really tripping me up about using a foreign account is the whole residency thing. Since I wouldn't be a resident of that country, I don't know... honestly, I'm pretty clueless when it comes to all this finance stuff. 🙂
It seems way more complicated if you try to keep everything domestic, but would a company even care if you used an account in their home country? I mean, could the employer just wire the cash to an account over there, then the person pays their taxes locally and uses a debit card from that account—or maybe somehow links it back to an American card? Not sure if that's even possible...
The part that's really tripping me up about using a foreign account is the whole residency thing. Since I wouldn't be a resident of that country, I don't know... honestly, I'm pretty clueless when it comes to all this finance stuff. 🙂