Hello all,
So I recently accepted a position at a school in Vietnam (Apollo English). My salary is deposited into Vietcom. My goals for banking were to hopefully avoid a high conversion fee, on top of the international wire. Right now, I'm thinking of having two banks:
1. Vietcombank (for salary deposits) and American bank (wire transfers, savings, etc)
Does this sound like a good set up?
I have established an online bank, but I can't quite put my finger on why I did. I think I had wanted one American bank account for bills, and another American bank account for savings (no fees), so has to have 2 credit cards that gave me access to oversea funds.
That way if I, to my chagrin, lose one card, I'm not completely screwed, because I have a backup.
I had wanted to go with a Citibank account in both countries (hoping to deal with lower wire transfer and conversion fees), but with my job's automatic deposit into Vietcom, I decided I didn't want to deal with 2 vietnamese bank accounts.
Thanks in advance! I apologize if this seems like a silly question, but it doesn't hurt to get feedback from veterans.