Financial Matters

Meet With Your Banker

Review your options for bill payment, cash requirements and other issues requiring attention while overseas with your banker.

Bill payment: Arrange for timely receipt and payment of bills. Internet banking be useful for this.

Access to cash: ATMs are generally the easiest and least expensive way to access cash overseas in the local currency. Arrange for direct deposit of your pay to your U.S. bank account. Generally, you only have access to the primary account assigned to your ATM card.

Assess Your Tax Situation

The Internal Revenue Service website is an important resource. Download or order Publication 54, Tax Guide for U.S. Citizens and Resident Aliens Abroad. For information on Foreign Earned income Exclusion, review Tax Topics 853, 854, and 855.

Meet with a financial or tax adviser to determine how your income tax situation will be affected. U.S. citizens, Permanent Residents and Resident Aliens for U.S. tax purposes are subject to U.S. tax on their worldwide income. You may also be subject to tax by the government of your host country.