Articles

How To Open A Bank Account In South Korea

The banking system in South Korea is advanced. The banks there are comparable to typical Western banks that many expats are familiar with, and they are considered to be much more simple and user-friendly. The main issue, when it comes

How To Open A Bank Account In South Africa

South Africa’s banking sector is highly concentrated, with the five largest banks holding over 90% of total assets in February 2019. At first glance, the South African banking system can seem somewhat complicated, but this means that foreigners will find

How To Open A Bank Account In Slovakia

Slovakia has been enjoying a strong economic growth in recent years, along with historically low unemployment rates and a significant decrease in public debt (which declined by just under 50% between 2018 and 2019). In the same year, wages increased

How To Open A Bank Account In Singapore

The banking industry is a key player in Singapore’s financial market segment, which has been emerging as one of the strongest in the world. The city-state is considered an international finance centre – the third largest in the whole of

How To Open A Bank Account In Saudi Arabia

Saudi Arabia is home to over 30 local and international banks, so if you are an expat living there, you won’t struggle for options when it comes to banking. Studies conducted in 2019 show that four domestic banks in the

How To Open A Bank Account In Russia

Over recent years, the Russian banking system has had to navigate a tumultuous financial landscape, from the significant fall of the Russian Ruble and political instability to various international sanctions. The Russian banking system comprises two main parts: commercial banks

How To Open A Bank Account In Romania

The Romanian banking system has proven to be remarkably resilient, even through the tumultuous financial crisis. The banking system in Romania has been aligned with EU standards. Most banks are now branches of foreign banking groups, which ensure the stability

How To Open A Bank Account In Qatar

Qatar has experienced impressive economic growth in recent years, largely due to revenues generated from natural gas and oil reserves. In line with this, Qatar has been regularly improving and updating its financial and banking systems. Consequently, the country has

How To Open A Bank Account In Portugal

Portugal’s banking system has one of the most advanced interbank networks in the world, called Multibanco. There are over 150 banks in Portugal, from private national retail banks to public and cooperative banks, international banks, and modern mobile banks. The

How To Open A Bank Account In Poland

If you are moving to Poland, you may want to open a new bank account. Even if you plan to maintain existing chequing or savings accounts at home, in order to pay certain bills or to manage your savings, you