Fees And Minimum Balances With Offshore Banks

“Kathleen and Lief, I enjoy your newsletters and appreciate the work that you do. You perform a great service for those of us looking to spend time overseas.

“A correction is needed for your article ‘8 Least Evil Banks.’ PNC does not have any checking account that does not require a minimum balance, service charges, or other hoops for you to jump through to be fee-free. The only exception is if one is over 62 years of age. Then they offer a basic checking account that is free. PNC recently revised all of its account requirements a couple of months ago so that now there are fees on all of its accounts unless one meets certain requirements.

“Keep up the good work. A faithful reader from Baltimore.”

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