International personal finance
August 30, 2006 2:16 PM Subscribe
I'm leaving in a week
and I still can't figure out a good solution to managing my US finances from the UK.
posted by like_neon to Work & Money (20 answers total) 3 users marked this as a favorite
I'm keeping my Bank of America account open, but the only activity that I'm going to use it for is to pay off my credit card (Citibank). From what I understand, the only way for me to pay my monthly bill for the cc is via an american account. But for me to fund this account on a regular basis, it seems that my only option is to wire money from my UK account (NatWest) to my BofA account and eat the nasty wiring fee, which will definitely add up!
It's not possible to transfer the Citibank balance to a UK card is it? From my understanding I'll probably have a hard time getting approved since I'm new.
Or is there a credit card company that accepts international payments that I can transfer the balance to?
Or is there a bank that works on both sides of the pond so that I can have a US account and UK account and transfer funds between the two easily (online would be awesome)?
Basically, are there any other alternatives I didn't think of? Surely I'm not the first person to move to another country that has to pay off their domestic loans. Thanks!
(For those who helped me out with the last question, I decided not to live in London for now, the train is too expensive! I'll update when I settle down.)