Good Bank for US Expat

[Cory M.]

Quick Question: What banks would you recommend to US citizens who live overseas? (I'm thinking for general banking, checking, savings, etc.)

I've been banking with Chase, and am having a nightmare of a time closing CDs upon maturity. You can't do it online. They won't do it via email. To do it over the phone you have to call within a certain time window after expiration. When I have called, the customer service hasn't been able to help me. That, combined with very low rates on their accounts makes me think it is time to look for a better bank. Who do you all recommend? (In case it opens other options, I am a USMC veteran.)

Thanks!

Cory

[Charles D.]

@Cory M.

Depends what kind of banking you need, but after searching high and low state department federal credit union (with an American citizens abroad membership first, like 100 bucks) and capital one have worked best for me to avoid the nightmare you mention of trying to deal with US banks from outside the US. I used Citibank for a while which worked but they recently pushed me out with much higher minimum balances and fees so I wouldn’t recommend that now.