Banking and Foreign Currency

Guest Contributor: Gershon Kayman, Esq. Adapting to a new country includes adjusting to that country’s banking system. Since banking [...]

If you are about to realize your dream of Aliyah – Mazal Tov!  It is an amazing and huge step that hopefully will add much happiness and meaning to your life. But with all the practical, immediate details that you are finalizing now, you also need to consider the longer-term financial ramifications of switching countries – and currencies – to ensure your continued financial stability.

Nefesh B'Nefesh is not associated with, and does not endorse, any specific bank, money changer, or financial institution. [...]

Make especially sure that you check the regulatory credentials of any non-bank foreign exchange specialist. Ensure the company operate segregated client accounts & have a proven track record in business

This article is written by Gershon Kayman, Esq., an Oleh from New York with 10 years experience practicing law. [...]