I’m going to Ireland for a few weeks in May, I would like to open a bank account in Euros, not so much for this trip but for further trips for a number or reasons. I want to know what kinds, if any, problems this will cause me. Since I will not have an address in Europe how hard will it be?
Some background now. I spent a semester in Ireland ten years ago and had a bank account then, they did send me a few statements here in the states but it was soon closed. There are a number of reasons that I want to open an account, some so that I can have a checking account in Euros so that I can write checks. I will not be writing many checks now but I will be swimming in Europe this year and I need to send the fees in Euros, which is somewhat of a pain. I also plan to do some traveling around Europe next summer by motorcycle so it would be nice to have access to an ATM. Yes I know that some US ATM cards are accepted in Europe but not mine.
So my questions are how much money would I need to open an account and how much would I need to keep in there? How much of a problem do banks have having people live in another country? I’m guessing not much since I did it once but that was for school. What will I do about taxes here and in Europe? I’m sure that I will not make on interest to have to worry about though. How difficult will it be to transfer money into said account being I’m not near one of their banks?
I think for now that’s all my questions, but knowing me I’ll probably think of more.