expat network
banking

Banking In New Zealand

There are five major banks (ANZ, ASB, BNZ, Kiwibank, and Westpac) and a number of smaller banks in New Zealand.  There are also credit unions and savings banks (similar to building societies or savings and loans) which offer many of the same services and, like banks, are supervised by the Reserve Bank of New Zealand...

Saudi Arabia Collects New Tax On Expats

From July, Saudi Arabia is collecting a new tax from expats and their dependants, a move that is seen to boost the country’s revenues amid weak oil prices. The new fee will be 100 Saudi riyals (SAR) per dependant per month, around £21 or $27. The amount is expected to increase gradually every year until...

Currencies: No Such Thing As A Free Transfer

When making a transfer most people focus solely on getting the best exchange rate. However, hidden extras and commission fees make it hard to know whether that means you have got the best deal. By World First If you are ever promised a ‘free transfer’, you should know that there’s really no such thing. All...