International banking is one of the most challenging elements of day to day expat finance. Especially when you first arrive in a new destination. There are four approaches to take when it comes to day to day finance:
Use your bank account from home: this is the most expensive option as currency exchange rates and money transfer fees may make it expensive.
Opening a local account: opening a local bank account as an expat is a more affordable option. It also means you are diversifying your finances as you are likely to have some money in accounts in your home country as well.
Cross-border banking: some global banks offer expat specific products that make international banking easier. This may be a good option if you have international assignments in multiple countries.
International banking with Fintech: take advantage of the explosion in financial technology by using a fintech company to manage your money. As most banking will be done online or through an app, moving your money on the go is easy. There may also be less lag time when you transfer money.