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Foreign Bank Account from Working Visa

  • 20-12-2011 2:25pm
    #1
    traveller returned
    Closed Accounts Posts: 2 ✭


    Hi there!
    I have recently returned from working abroad in Canada. I have a Canadian bank account that has money that I saved whilst working there.
    Does anybody know if its ok to keep this account open for a few years. I was going to close it but with all this talk of the euro being spit into different currencies I was thinking it may be safer to keep my savings there.
    Responses appreciated!


Comments

  • #2
    Zaph
    Registered Users, Subscribers, Registered Users 2 Posts: 47,352 ✭✭✭✭Zaph


    Moved from Aardvark


  • #3
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,612 Mod ✭✭✭✭Jim2007


    Check the terms and conditions for the account, some accounts require you to be resident in order to hold them, some not. From an Irish point of view there is no problem so long as you declare it and pay the related taxes.


  • #4
    Dude111
    Registered Users, Registered Users 2 Posts: 1,771 ✭✭✭Dude111


    Yeah it may cost MORE to keep it w/o being resident there than your willing to pay!

    Anyway,welcome to the site :)


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