At first glance this may look like a poll, but I promise it’s not.
I’m an ex-pat who has accumulated a small bit of extra cash. I don’t plan on going back to my home country for a long while and need a better option than the sock drawer.
If someone could explain to me (in small words) how offshore banking works (or even if it’s a viable option for me), I would greatly appreciate it. I have done web searches but seem to get easily confused as most places say “Contact us for more details.”
Possibly important information.
I’m Canadian and sometimes Australian.
This is not a huge amount of money so large fees will hurt.
Any help at least pointing me in the right direction is appreciated. Alternate ideas also encouraged.
Thanks in advance,