By Peggy Creveling, CFA, and Chad Creveling, CFA
This article is an updated version of an installment in “The Expat Spouse as Household CFO” series. You can download an ebook of the entire series here.
If you are a part of an expat household, it may not at first seem necessary to open a local bank account in the country where you and your spouse live and work. However, there are several reasons why you might choose to do so. Simply put, having a local bank account can make managing your overseas finances easier and cheaper.