How To Open A Bank Account In Ecuador

Making plans to move abroad can be time-consuming. After all, each country has its own rules, its own regulations and its own processes—including with regard to banking. But the good news is that in Ecuador anybody can open an account with the right documents—including foreign nationals. So, if you’re looking to open a bank account … Read more

Expat Focus Financial Update August 2020

The property market in Dubai is reporting the high probability of a ‘difficult’ two years following the shake up from the Covid pandemic. Travel restrictions and other knock-on effects of Covid have resulted in a significant sag in the real estate sector, but the property market has been slumping for some time, a result of … Read more

Expat Focus Financial Update July 2020

In our update last month, we mentioned that there has been a growing trend for some countries, particularly in the Gulf, to limit jobs for expats. The COVID-19 pandemic has lent fuel to this fire, with most nations facing significant economic downturns.In early July, the national assembly in Kuwait approved a draft bill calling for … Read more

How To Open A Bank Account In Vietnam

The State Bank of Vietnam, formerly known as the National Bank of Vietnam, was first established in 1961. As the central bank of the country, it has a number of responsibilities. For example, it maintains currency reserves, secures monetary stability, and manages the circulation of banknotes. It also regulates all of the other banks operating … Read more

How To Open A Bank Account In Turkey

Most state banks in Turkey were originally established to finance specific industries (such as Ziraat Bank, which was established to help agricultural development), but private banks generally have close connections to large industrial groups and holdings. The Central Bank of Turkey was founded in the early 1930s, and it is responsible for things like issuing … Read more

How To Open A Bank Account In Trinidad And Tobago

Trinidad and Tobago consists of two main islands and is one of the most prosperous countries in the Caribbean. There are eight commercial banks operating there, with a network of over 123 branches, employing around 7,400 staff across the islands. The commercial banks remain the single largest group of financial institutions in terms of assets.The … Read more

How To Open A Bank Account In The USA

Some of the largest banks in the United States of America (USA) include JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, and Goldman Sachs. It is estimated that their collective banking assets are equal to roughly 56% of the economy. There are around 5,177 commercial banks and savings institutions throughout the USA.In terms of the … Read more

How To Open A Bank Account In The UK

Bank notes were first introduced in the UK in around 1661, and the Bank of England was established in 1694. However, the evolution of the banking landscape in the UK, which has made it as it is today, only really gained traction after the First World War. There are currently around 344 banks in the … Read more

How To Open A Bank Account In The UAE

The financial landscape of the United Arab Emirates (UAE) has been steadily improving for a number of years now. New developments in technology (as well as new regulations being implemented) have transformed the banking sector. The Central Bank is at the helm of the banking system, presiding over the local and foreign banking institutions operating … Read more

How To Open A Bank Account In The Philippines

If you plan to move to the beautiful Philippines, you may find yourself wanting to open a bank account. Even if you maintain existing chequing or savings accounts at home, to pay certain bills or to manage your savings, you may find that you need a local account to pay local expenses and so that … Read more