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Nate Nault, StudyAbroad.com’s study abroad student expert and editor of The Study Abroad Blog, partnered with StudyAbroad.com to create the Study Abroad Student Guide.
Setting up a bank account actually isn’t all that complicated. Your best bet is to see if your host school recommends a bank or branch. Maybe they have connections, maybe you can get better rates, or maybe they can just give you a little guidance.
If you’re on your own, here’s some advice to consider:
It’s not always necessary to open an account; however, there are a couple of benefits. You won’t have to worry about withdrawal fees or exchange rates, and you can sign up for a monthly phone plan instead of paying as you go. Some people find it worth it, some don’t. It’s all up to you and what works best for your personal study abroad budget.
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