Hello,
I've read through the various threads on banking, but most pertain to people who are either retiring and/or living off of savings... I am planning on moving in August/September and working as a teacher. Since I don't know which one I will be working at, I am not sure if they do direct deposit or what. My questions are these: 1. If I do work as a teacher and receive a check in pesos (obviously) every month - where is it wise to deposit this check which will basically cover my month to month "living expenses?" I am planning on living in the DR for 1-2 years, and want to keep my American account with Wachovia, but was wondering how safe it is to deposit in a DR bank. From what I've read, most say it is safer to deposit in a general country owned bank, as opposed to a private bank... Thoughts? What do most do who aren't living off of savings?
Many thanks!
Ambre
I've read through the various threads on banking, but most pertain to people who are either retiring and/or living off of savings... I am planning on moving in August/September and working as a teacher. Since I don't know which one I will be working at, I am not sure if they do direct deposit or what. My questions are these: 1. If I do work as a teacher and receive a check in pesos (obviously) every month - where is it wise to deposit this check which will basically cover my month to month "living expenses?" I am planning on living in the DR for 1-2 years, and want to keep my American account with Wachovia, but was wondering how safe it is to deposit in a DR bank. From what I've read, most say it is safer to deposit in a general country owned bank, as opposed to a private bank... Thoughts? What do most do who aren't living off of savings?
Many thanks!
Ambre