Future Expat wonders about a real need for a Maltese Bank Account?

AmerigoFilippo · 2014-10-05T17:14:49+02:00

Hi all.......I'm a future expat who presently resides in the USA but who lived in Rome from 2001 to 2007 and never opened an Italian bank account - was even advised against it by several people including friends in the know. In Rome I did everything through the ATM and a 'debit' card - four hundred euro at a time - twice on successive days. There was a fee of abt. 4 euro per transaction then there was the exchange rate. I lost abt. 25% in value from the dollar but I managed to live on that the whole time. I was a theology student living a rather frugal life style. Some call it 'monastic.' :) My questions are - Having no business dealings or employment issues to be concerned about - do I even need a Maltese bank account after I move? Or I suppose I could do it later on if necessary. And Is there a tax that I need be concerned about as regards bank withdrawals and/or monetary transactions? I'm a dual Italian/American citizen with an Italian passport which is what I'll present to the authorities.

Last activity 21 October 2014 by ursulasaulie

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GBS14Member11 October 2014 18:34:32

#41

Oh please ! - I'm no counsellor nor would I pretend to be , but like one or two other people on this forum , I get a bit jaded by the way you regularly upset people with your " straightforward, upfront " ways !!!
Seems to me like you're quite happy to be as forthright as you please with people , yet the minute someone raises a voice in protest , up come the hackles and defensive comments !!! - well I'm afraid the world doesn't work like that ! - you give it out , then expect some back !!!!

MikeInPoultonSerial expat12 October 2014 09:28:58

#42

617

ArmandViP13 October 2014 04:57:43

#43

24785

Hi all,

Now we are way off topic, aren't we?
I would suggest we stop unnecessary arguments on the thread please.

Thanks
Armand
Expat.com Team

ursulasaulieNew member21 October 2014 08:22:47

#44

I only have a bank account in Germany, I get my American SS transfered into that bank account, and get cash through the atm. also about 4 Euros. I have been living in Malta for 4 years, For certain transaction like automatic payments for internet, and phone and mobile,, I used my credit card.

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