A handful of practical questions before our move

Go Back   Expat Forum For People Moving Overseas And Living Abroad > Europe > Italy Expat Forum for Expats Living in Italy

Italy Expat Forum for Expats Living in Italy Welcome to the Italy Expat forum. This is the place to meet like minded expats that have made themselves a new Italian lifestyle. This forum is ideal for Expats that have moved to Italy and those planning a move.

A handful of practical questions before our move


Reply
 
Subscribe to this Thread Thread Tools
  #1 (permalink)  
Old 25th March 2018, 09:11 PM
New Member
 
Join Date: Mar 2018
Location: Chicago, IL
Posts: 2
Rep Power: 0
darthroj is on a distinguished road
1 likes received

Users Flag! Originally from usa. Users Flag! Expat in italy.
Default A handful of practical questions before our move

Hello,
My wife and I will be moving to Rome at the end of August. We both recently accepted teaching jobs with 2 year contracts (special education and science). Our school has someone working with us to get set up with work visas. They will also help us find a place to live, set up utilities, etc... once we arrive. However, we have some practical questions that we hope can be answered.

1) We are maintaining our home back in the U.S. and will need to pay the mortgage. Is there a bank account that we should open back in the states that has branches in Italy i.e. HSBC? I'm trying to find the cheapest and most cost effective way to transfer Euros to our American bank account. Or would it be cost effective to pay our mortgage with Euro?

2) We currently have a credit card that accumulates points for travel. Should we use this card while in Italy? It does not have a fee for foreign transactions but, again, I'm concerned about the conversion of Euro to dollars when I go to pay the bill.

3) Should we bring unlocked cell phones that are not tied to a US cell provider with us or buy phones once we arrive? We both need new phones and are debating whether we should buy them before we leave or after we get there.

4) We will be bringing our dog with us. I've read a bit about this and the process seems pretty simple. We've discussed the paperwork with the vet and it doesn't seem to be a problem. For people with experience bringing a dog over, how was the process once you landed? Are there any suggestions you have for where we can buy pet supplies once we have settled?

5) We are super excited to be moving to Rome and happy to have found this community. If I missed a FAQs post, please direct me to it. Thanks!

Reply With Quote Quick reply to this message
  #2 (permalink)  
Old 26th March 2018, 05:38 AM
Member
 
Join Date: Jun 2009
Posts: 1,977
Rep Power: 1215
NickZ has a reputation beyond reputeNickZ has a reputation beyond reputeNickZ has a reputation beyond reputeNickZ has a reputation beyond reputeNickZ has a reputation beyond reputeNickZ has a reputation beyond reputeNickZ has a reputation beyond reputeNickZ has a reputation beyond reputeNickZ has a reputation beyond reputeNickZ has a reputation beyond reputeNickZ has a reputation beyond repute
405 likes received
18 likes given

Users Flag! Originally from canada. Users Flag! Expat in italy.
Default

HSBC doesn't have an Italian retail bank. From the sounds of it you need to deposit your Italian income into an US bank to pay the mortgage? I can't think of a simple cheap way. If your employer is willing I'd see if they would do it directly.

If you setup two accounts with HSBC. One with HSBC USA and one with HSBC Expat in Jersey you could transfer funds between them but you need to get the funds to Jersey. Your Italian bank will charge you for the transfer. You'll still need to convert the € to US$.

Barclays Italia no longer exists. The UK is outside the € zone so bank transfers aren't free. Sorry can't think of anything simple and relatively cheap.

Aren't you renting out the home? If you are having who ever is handling the rental deposit the rent seems the simplest option.

No reason not to bring your credit card. It's a hassle to get an Italian card. To avoid conversion fee get a debit/ATM card from your Italian bank. It'll work in all POS machines . It's not a credit card so you need to have funds in the account.

3) You can check phone prices here for the phones you're interested in. There is some better choice here. More brands and models. You'll get an EU charger saving you the hassle of a plug adapter.

Reply With Quote Quick reply to this message
  #3 (permalink)  
Old 26th March 2018, 09:03 AM
Member
 
Join Date: Jul 2016
Location: Italy
Posts: 276
Rep Power: 0
GeordieBorn is on a distinguished road
87 likes received
124 likes given

Users Flag! Originally from uk. Users Flag! Expat in italy.
Default

I know little of the vagaries of the USD, but would suggest you have a look at Transferwise, currencyfair or one of the many FX companies out there like Fairfx or Moneycorp. Not too sure if they are suitable for regular payment transfers, but the likes of Transferwise do say they do SEPA payments, so a bank here in Italy doing the same should be okay. Perhaps someone out there knows other better specific US companies.

Reply With Quote Quick reply to this message
Sponsored Links
Advertisement
 
  #4 (permalink)  
Old 26th March 2018, 07:52 PM
New Member
 
Join Date: Mar 2018
Location: Texas
Posts: 1
Rep Power: 0
Gloria80 is on a distinguished road

Users Flag! Originally from italy. Users Flag! Expat in usa.
Default

1) As per my experience, there are no US banks with branches in Italy. I suggest Transferwise or open a bank account with Fineco Bank. They have online accounts with dual currency, so you can decide when it is more convenient to convert Euro in US Dollars, depending on the exchange rate.
2) You can use the US credit card, but probably you'll pay a conversion fee.
3) I had some problems with my US unlocked cell phone in Italy, you could try yours, if they don't work, you can buy an Italian phone.
4) Unfortunately, I don't have any suggestion for the dog, but in Italy, there are a lot of pet stores.

Reply With Quote Quick reply to this message
  #5 (permalink)  
Old 28th March 2018, 06:52 PM
New Member
 
Join Date: Mar 2018
Location: Bologna
Posts: 4
Rep Power: 0
grigia76 is on a distinguished road

Users Flag! Originally from italy. Users Flag! Expat in usa.
Default

1) Open a multi currency bank account (Fineco is one of the best), turn the euro into dollars and then make a money transfer. This solution works only if the American bank has a Swift code.
Another solution is to use TransferWise.
2) You could check if the same card exists in Europe and accumulate points with that.
3) A lot depends on your mobile phones, the American frequencies are different from the European ones, so you'll have to check if the phones are compatible with the Italian network.
If you need many gigabytes, Tre is one of the companies that offers the best rates.
4) If the dog is large get a suitable cage, made all the vaccinations, there should be no major problems for the dog.
In Italy there are many pet shops, you will certainly find one near your home.
5) When I was deployed in the US for work, I met an Italian accountant who works in Texas and has an accounting office in the United States, if you have tax obligations in both countries is definitely the right person for you.
https://www.succentrixwichitafalls.com

Reply With Quote Quick reply to this message
Reply


Tags
new expats, questions

Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the Expat Forum For People Moving Overseas And Living Abroad forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:
Location
Where you live
Expat From Country
Please select the country you originate from. This will appear as a flag when you make posts on the site.
Expat To Country
Please select the country you have either moved to or want to relocate to. This will be presented on the site when you make posts.

Log-in


Thread Tools

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Flats - some practical questions cfposi Dubai Expat Forum for Expats Living in Dubai 11 18th June 2015 02:16 PM
Practical & theory test questions lovestravel Britain Expat Forum for Expats Living in the UK 71 30th October 2013 11:39 PM
Some practical questions for experienced Expats in Mexico ZeroTX Mexico Expat Forum for Expats Living in Mexico 6 18th January 2012 08:45 PM
Some practical numbers and lifestyle related questions maindoor Australia Expat Forum for Expats Living in Australia 5 30th June 2009 03:40 PM
A few practical questions Mrman Dubai Expat Forum for Expats Living in Dubai 15 29th July 2008 06:31 PM

FORUM PARTNERS

ExpatForum.com is owned and operated by VerticalScope Inc.

Retiring Overseas Guides | Moving Overseas Guides | Cost of Living | Health Care Guides


All times are GMT. The time now is 12:25 AM.


Powered by vBulletin®
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.