Online banking and financial services for international clients?
I am moving out of US soon. I have a few 401k plans maintained by different institutions (since every new employer starts a new 401k and I had a few employers), a few investment accounts (e-trade, scottrade, etc), a checking/savings account from Bank of America, etc.
Since I am moving out of US, I want to consolidate all these to a single provider so I can deal with just one bank as opposed to multiple banks. Bank of America appeared to be a good choice since they can handle 401ks, investments, checking/savings, but it appears that they do not support online international wire transfers, which is a deal breaker for me. I’d like to be able to move money in and out of the account online.
Anybody have suggestions as to what bank I should use? I’d prefer a bank with a retail presence in Massachusetts but that wouldn’t be a deal breaker.
Thanks
Try Citizens Bank or Citibank. I would stay away from BOA. It will be very hard to find a bank in Massachusetts that allows you to do wire transfers over their “Intranet” website. I know a lot of European banks do it but I am not sure about American Banks. Unfortunately, if your account is established as a personal account, you will have but no choice to physically go into a branch to have the transfer done.
Another option is to have a money transfer agreement set up with your local branch (for whichever bank you use). I know for a fact that Cambridge Trust Company accepts faxes from their customers to do wires. But you need to have an account with them # 1 and # 2 you need to fill out a money transfer agreement. Then you can fax away. – But use this bank if you are in the Boston area. Otherwise, Citizens Bank is your best bet.
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