Hi all.......I'm a future expat who presently resides in the USA but who lived in Rome from 2001 to 2007 and never opened an Italian bank account - was even advised against it by several people including friends in the know.
In Rome I did everything through the ATM and a 'debit' card - four hundred euro at a time - twice on successive days. There was a fee of abt. 4 euro per transaction then there was the exchange rate. I lost abt. 25% in value from the dollar but I managed to live on that the whole time. I was a theology student living a rather frugal life style. Some call it 'monastic.'
My questions are - Having no business dealings or employment issues to be concerned about - do I even need a Maltese bank account after I move? Or I suppose I could do it later on if necessary.
And Is there a tax that I need be concerned about as regards bank withdrawals and/or monetary transactions?
I'm a dual Italian/American citizen with an Italian passport which is what I'll present to the authorities.