Post by sonvolt on Oct 29, 2016 2:20:47 GMT
o everyone. I'm sorry if this question has been asked before but I'm not finding it if so.
I'm an American who will be moving to Dhahran before the end of the year. I just left a job in Europe (Amsterdam) and got a nasty surprise when I had my bank there (ABN AMRO) wire the funds in my Dutch account to my American bank, and an intermediary bank (BNY Mellon) handling the transfer (and conversion from Euro to Dollars) took about a 3% cut off the top by giving me a lower currency conversion that what the market rate was.
I'm wondering how to avoid this with my Aramco salary. Since I am an American who will be on the US Dollar Salary, does that mean Aramco will pay me in dollars, deposited directly to my American bank account and I will thus avoid any currency conversion/wire transfer fee monkey business?
Also, if I were to use a bank that operates both in the USA and in SA, wouldn't that be advisable in order to facilitate ease of transfers, etc? Can anyone recommend a bank that does business in both?
Thanks for any advice you might offer.
