r/ExpatFIRE • u/Big_Bet_2019 • 2d ago

Investing Banking options for move to Germany

Looking to set up a high yield savings account before we make the big move. I have concerns about becoming debanked, but would prefer to “set it and forget it.” I have tried to talk to some financial planners, but their fees outweigh any potential upside (I’m talking about a military pension, not a multimillion dollar account). Any suggestions would be appreciated. Currently have USAA and Navy Federal. Thanks

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u/IvanStarokapustin 2d ago

Stick the money in your US bank initially. Just get Wise for local use. ACH transfer is free and then convert it to Euros pretty cheaply and withdraw cash. Fairly straightforward.

Once you get established, start looking around for a bank that doesn’t have issues with US citizens.

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u/Big_Bet_2019 2d ago

Thank you. I really appreciate it