by Hui-Chin Chen, CFP® | Last updated Feb 23, 2019 | Published on Mar 24, 2017 | Americans working abroad, Global Living Basics, International Transactions
For globetrotters, keeping the cost of foreign transactions low is a must. After all, we don’t always make an income and open a bank account in every country that we go to. Many of you may already know that Schwab Bank offers a checking account that allows you to take...
by Hui-Chin Chen, CFP® | Last updated Feb 23, 2019 | Published on Oct 16, 2014 | Americans working abroad, Global Living Basics, Globetrotters working in the US, International Transactions
TransferWise is yet another purely Internet based international remittance service. Whereas the Silicon Valley based Xoom entered the industry to compete with Western Union at providing money transfer service for immigrants or migrants in the US, the UK based...
by Hui-Chin Chen, CFP® | Last updated Feb 23, 2019 | Published on Oct 8, 2014 | Americans working abroad, Global Living Basics, Globetrotters working in the US, International Transactions
Xoom is one of the first purely Internet based international remitting service companies; and a successful one, demonstrated by its going public in 2013. It essentially offers the same service as described in the Western Union post, but only online, with lower pricing...
by Hui-Chin Chen, CFP® | Last updated Feb 23, 2019 | Published on Sep 28, 2014 | Americans working abroad, Global Living Basics, Globetrotters working in the US, International Transactions
The Internet-savvy generation may deem that Western Union provides service of the past, but in fact it still has a strong presence in the international transaction world. You will see Western Union signs in most countries because it offers a vital service for the...
by Hui-Chin Chen, CFP® | Last updated Feb 23, 2019 | Published on Sep 8, 2014 | Americans working abroad, Global Living Basics, Globetrotters working in the US, International Transactions
In the last few years, Internet transfer has become a prominent way for people to move funds internationally. The popularity of Internet banking makes transferring through on-line services user friendly and convenient. I will explore several such providers and discuss...