topics
tools
Expatica countries
editor's choice

Top 8 places to visit in Moscow

Tips for travelling in Russia Part 1

Tax: a practical guide

Tragic history lurks in Sochi's ski slopes

Tips for travelling in Russia Part 2

Index Last Var.(%)
BEL 20 2081.48 0.01
DAX 6296.67 -0.19
IBEX 30 6582.4 0.68
CAC 40 3011.04 -0.03
FTSE 100 5299.08 -0.74
AEX 289.65 -0.20
DJIA 12442.49 -1.24
Nasdaq 2813.69 -2.10
FTSE MIB 13200.78 0.85
TSX Composite 11330.68 0.04
ASX 4098.8 -2.61
Hang seng 18951.85 -1.30
Straits Times 2779.1 -1.54
ISEQ 20 485.33 -0.82
You are here: Home Finance & Business Banking Editor's Guide: Banking in Moscow

Banking

archive
Enlarge font Decrease font Text size


22/03/2011Editor's Guide: Banking in Moscow

Editor's Guide: Banking in Moscow Here's a brief guide to banking in Moscow, from who to ask for expert help to understanding the basics of finance.

If you're an expat, you'll need to open a bank account abroad. The paperwork associated with expat banking can be a hassle at first, but it often eliminates the fees associated with withdrawing cash from back home. Overseas savings accounts also give you quick access to cash and a face-to-face relationship with local financial advisers who can help you with international mortgages and other loans.

Different countries have different rules on foreigners' accounts, so check out Banking in Moscow to learn more.

Choosing a local bank
Before you open an expat bank account, make sure that you know who owns the bank, its credit worthiness and which jurisdiction it falls under. As one of our experts advises, “In light of recent turbulence in the banking sector, you need to know if your bank deposits are protected by any government scheme.

Each jurisdiction has a different position on this, and offshore accounts in particular should be checked.” And, as our article ‘Depositors, beware!’ points out, be sure to diversify your assets.

Keeping up-to-date
Expatica’s banking channel keeps you up-to-date with news from the financial world. Articles cover everything from the local and worldwide economic climate to mergers and acquisitions in the banking sector to the benefits of Islamic banking.

Ask the expert
Expert articles include the most cost-effective ways of transferring money abroad and choosing a bank . Make use of our Ask the Expert section to pose your questions to Sulivan Ung on your specific needs as an expat.


0 reactions to this article

Be the first person to add a comment

General rating: Not rated yet

Rate article:    Add my rating



0 reactions to this article

Be the first person to add a comment
Finance essentials
Discussion Forums

Community Noticeboard Russia

New Sound Logic

Community Noticeboard Russia

IFAs / FSIs / Country Managers / Confidential Introducers

Discuss Moscow Culture

EUR 25 for your 10 minutes: Expatica Survey 2011

Community Noticeboard Russia

EUR 25 for your 10 minutes: Expatica Survey 2011

Community Noticeboard Russia

Russian-related gift ideas

participate in the forums

Inside Expatica
Groups and clubs in Moscow

Groups and clubs in Moscow

Here’s a list of some of the groups and clubs that you can join while staying in Moscow.

Women's groups and clubs in Moscow

Women's groups and clubs in Moscow

Here are some of the many women's groups and clubs in the city.

Editor's Guide: Lifestyle in Moscow

Editor's Guide: Lifestyle in Moscow

Here's an introduction to our Lifestyle section for Moscow, from dating in the age of social media to shopping and gardening.

Editor's Guide: Getting Started in Moscow

Editor's Guide: Getting Started in Moscow

Here's a brief guide to Getting Started in Moscow, from where to go for visa and banking info to handling Russian business culture and managing a Moscow culture shock.