I think I'll do whatever is best for my needs at the moment. However, after repatriating I'll probably establish a Ghanaian bank. I purchased me and my mom's airfare for April!!!! I'm beyond excited to be visiting Ghana for the first time!!! Thank you both so much for the insightful information you provide!
Hello Calvin, congratulations! Also wanted to add what a special day May 25th is - Africa Day! What a great day to be moving and starting this journey. Best wishes.
Kindly get a TransferWise account as a backup and you can bank in different currencies and have great exchange rates as well. Agreed about the frustration with opening of an account without doubt.
I tried opening a bank account in Ghana as a foreigner and I gave. Exactly what you two described happened. I found it really frustrating, I had to walk out. It felt like applying for a loan.
@Fred - We thought about what could a bank do that we weren't already able to do and found we really didn't need a traditional bank here and thanks for the comment 😊!
Mobile money seems the best option. I currently use Remitly as I have had nothing but problems with Western Union and World Remit. After terminating your sending privileges without providing a reason it takes forever to get your money back.
Ayo and Tony, great to see you guys again. I'm a bit sad that you didn't mention my bank and place of work, Fidelity Bank. I'll keep it simple. You only have to let the bank know what exactly your needs are and they'll figure things out for you. I'm talking about my bank, Fidelity Bank obviously lol I have to admit e-banking charges are a bit of a pain but hey, there's not much to be done about that.
We don't have car note, house mortgage and other stuff (line of credit) as we have in the western world. About 80% of vehicles and buildings in Ghana are all paid for. Pictures are required for bank accounts for fraudulent activities because people are capable of signing other people checks.
@@ExpatLifeGhana Thank you also for the response. Ghana employees in the various banks in the country are the problem of all the fraud transactions (about 80%) according to the bank of Ghana. Am here at New Jersey but I don't have credit card, I don't want it and I don't like it.
You two are an ‘abundance’ of information. I never thought about the financial institutions, as part of relocating. You should make a large number of subscribers, behind this post. By the way, will you be setting up a P.O. Box to receive gifts, from subscribers? Besides gumbo filet, I’m sure there are some thing that you miss, from the US. Stay safe, and stay bless.
@@ExpatLifeGhana, I didn’t know if you had a separate one, from your personal. However, I didn’t see a post, in your description, Dropbox. I’ll continue to check. If, and when you share the Information, I’ll be sure to send you some things.
@@ExpatLifeGhana Revolut is free and you can receive and transfer money instantly, you can change money for free in any currency you want and you can have a debit card with multicurrencies.
For big project you will need Ghanaian bank account so you can move large amount of dollars. Mobile money will charge a fee to send/receive money, but most banks in Canada is free e-transfer. Yes, for business owners operating in Ghana bank account is better, it more professional than mobile money.
I have been watching your channel for sometime now. I live in the U.S. and i have been considering relocating to an African country. Man it seems like everything you do in Ghana is a hassle…I would hate to move from a bureaucracy filled country to another country full of bureaucracy. Lol
UBA was the only bank that would take my debit card (Citibank) when I was there. I shoved my Citi card in all of those ATMs you showed @1:10 at Accra Mall and it was no-go. Ended up all the way in Cantonments before I found UBA at someone's suggestion.
U guys been doing it from way back starting with people like Dubois amd many others . I luv dr small he took it to de next level . He great . U guys are doing great . Blacks got more money so u can easily do it than many continental blacks ,
Great video, thanks for the information. Question? If I start a business in Ghana are people paying employees in cash or utilizing a local bank for payroll?
Wow this couple has alot of patience with Ghana. The bribery, the corruption, banking issues, electrical outage, grocery issues, no jobs, no public health care, and etc... I don't think I would be a good fit for Ghana. I will stick with 🇺🇲.
Definitely going to use only in the US for right now, but when I get permanently living in Ghana I will get an account in Africa. In the US soon there is not going to be no more dollar, I can’t leave money in the bank in the US, so much is going to be going bad in the US!❤️
@Anita Williams -The cards we use are linked to business accounts so a cash with drawl would be considered a loan and come with a interest rate attached. We like to keep it simple and thanks for the comment 😊!
Please dont generalise as it varies from one African country to the next. It's quite easy and simple to open a Bank account in South Africa provided you have a verifiable source of income.
@Crob3622 - We both have several phones, one with a US number and the other a Ghanaian number. We have to keep our US numbers for business and thanks for the comment 😊!
@@ExpatLifeGhana i assure you, you aren't the only ones doing that. but when you're planning to get out of the plantation, it's a good idea to keep your mouth shut until you are ready to make good on the plan.
The repatriation research never ends...I always notify the bank before travel. Great tip. But, living there, I would like to support and African bank, also. Thanks a lot.
I would prefer to learn from your wise, aware boots on the ground experience, and do it the same way. Keep the $ secure and not transition it until it’s made to by force.
Dear Tony, credit cards DO have pin numbers for ATM's to get a cash advance (LOL). Yes, I'd open a bank account in Ghana if I was a permanent resident and keep no more than $500 in it, plus keep my home country bank accounts as I would be visiting family/friends from time to time. These days, you can go online to your credit card company and record travel dates and destinations. You can also lock and unlock the card at will via the bank's app to stop unauthorized charges if your card is lost or stolen.
@Bumblebee - Using a pin when using your credit card is like taking a cash withdrawal that you pay a fee for. My business credit cards don't have pin numbers associated with them for this reason. My personal credit cards don't have a pin because I guess I never saw a need to set it up. I can still lock and unlock the cards through my app on the phone. I can "momo" if cards aren't accepted and thanks for the comment 😊!
I like the channel....from a production standpoint, Wifey has got "it" as a Presenter, Hubby, shows the equanimity needed for Producer, as well as a "segment" presenter for segments that require that taciturn approach.
@M. Adams -Wifey is a professional presenter while hubby is doesn't like the being the person with the lights on him. In our personal life we are just the opposite and thanks for the comment 😊!
We have local and overseas bank accounts here in China. Sometimes it seems to be a bit of a bother. Service and account protection is better here than in America. Many US banks will not accept debits from China even if they claim to.
Why did I think Tony said “damn bankers” in the bloopers? 😂😂😂😂😂 I like the mobile money set up and can see that being the route to go and keeping my US bank connection. Another great video!
Having used the mobile money solution, it is a really convenient solution but there are a few downsides to be aware of. I used MTM as my local mobile money, but just because you have the SIM doesn’t automatically grant you the mobile money facility. That costs 10ghc extra which is no problem but i had trouble getting the roadside mtn vendor to add the MM facility to my SIM even when using my passport as identification, (I was only visiting for 3 weeks). The situation was only resolved when a local spoke to the vendor on my behalf. There are also limits for the amount of transactions that can pass through the MM account in one month (at least MTN enforce this , and it seems to vary from month to month) . Similarly the transfer companies (world remit, transferwise and others) all impose different rules for max size of transfer and frequency of transfer, beware. These companies all have their pros and cons but basically the money is transferred into your local MM wallet within 10 mins (you get a text/email confirmation) except when it isnt! - ive experienced delays of up to 3 hours using WR on rare occasions, which can be a traumatic wait. A transfer can be held up by your sending bank, by the transfer company, or by the local MM company. Its rare but ive had hold ups by all three. The final issue, is internet access. Its frequently crap basically, no signal means no transfer, you have to wait for the local connection to return etc
Best bank Calbank. Stanbic is not bad You can have a foreign account and Save in dollars. Banking in the local currency is best send money into your cedi account
@@305jett Yes you can. Services like World remit, remitly, Wave helps you send money into your bank account in ghana, or Mobile Money to your phone in ghana. Then withdraw to your transactions. The banks also have visa, Mastercard etc services and you do online banking pay your bills online. Basically everything you do in the US or any part of the World you can also do in ghana. #globalvillage
Some banks like Ecobank is all over west Africa and they also offer credit cards due to the type of account you have with them. Credit cards are not offered or accepted much in most places because of security reasons and also some card companies take long to authorise the payment to the recipient. Also Ghana doesn't practice the credit system so most banks do not offer credit cards. Foreign credit cards do work here but you may incur some extra charges for use especially when you take cash from the cash machine.
@@ExpatLifeGhana especially American Express credit card is highly not accepted by most other places and the reason they give is that they like disputing bills and sometimes take to long to authorise or issue the payment to the shop or service provider who was paid with that. They also ask for pins on the credit card because its now a security mode especially when abroad to make sure its you and to make you aware in the exchange rate cost in that local currency. A lot of places do accept Visa, MasterCard and a host of others as long as its a chip and pin and whether its a credit card or debit card. This is because signature can be forged by people and that's why chip and pin is widely used. The non chip cards can be used on most ATMs or cashpoint as some call it to withdraw cash and check balance and credits as long as their card is connected to any of the international card services with the symbol on the back like LINK, VISA, MasterCard, Switch, Cirrus the list goes on you would be fine. And always try to use ATMs of major and foreign banks that that provide these services such as Barclays bank, Standard Chartered bank (aka stanchart bank), ECOBANK, Ghana Commercial Bank and more. But please also inform your bank of the country you are going or the countries you with be and the time period you would be there before they block your cards and refuse payments or decline transactions. Also please be aware that there may be fees for usage abroad and also the exchange rate your bank uses might be lower. So the best way is to use one of the banks that do not chat you for card usage abroad and maybe has better exchange rates or you can use one of the cost effective money transfers online to send money to yourself via mobile money or to collect at a branch or to a local Ghanaian bank account if you have one.
@Tasha M -A good part of our credit cards are business cards that don't have pin numbers attached to them because using the pin would be like taking out a loan and paying a interest rate on it. Cards are different because of the benefits they do or don't offer and thanks for the comment 😊!
I do the sendwave and bank in America...wells fargo...I'm retired and built a house in Atwima Boko, Kumasi... You guys are great!!! My husbnd is ghanian and we are waiting for his US visa but our intentions are to live here......I love and hate ask the same things you do!!! 😂 Especially the blackouts!! I'm researching solar power now!!!
I was there last year looking for a house. A bank told me I HAD TO be a resident to open an account...Luv yaw personalities. Hope we can linkup with yaw when we get there.. I'm looking at properties in Elmina and Team💪🏾♥️
We bring our money with us, Family and very, very reliable people from home. The exchange rate is always in our favour, like 1€ are 6.5 ceedes. Most of our ghanian friends do it likewise. One person can take 10 000€ when your travelling by air. Momo money is great here to, to pay etc
Thanks for the enlightenment...All you have explained I would follow and on top of that I would have an Account in the Country you're residing in for Emergencies...Just in case..God Bless.. all ways love listening in..
This is such great platform. You guys are doing such a a good job with giving clues, points and great tips for those of us who are considering International travel. Thank you and please continue to keep us informed....
I will investigate the local banking system. I would like to support the local economy, if feasible. I'm not sure that once I make my final move to Ghana I will trust the U.S, monetary system. I may have to put my cash under the floorboards. LOL
Ohh I did let my bank know I was traveling and was able to use it 1 time in the 16months. The second time was not good. So I had to take out the ATM...
How does Ghana tax cryptocurrency profits? Since I use an online broker can I continue to contribute to my Roth IRA while living in Ghana? I am still researching and Ghana is on the list as well as Spain and Portugal.
well after living in israel for the last 18 years those banking hours sound fabulous! the banks here close at 1:30 every day for a 3 hour break! and on tuesday's they close at 1:00 for the day. it is so annoying. and drive thru? what's that?
I think I'll do whatever is best for my needs at the moment. However, after repatriating I'll probably establish a Ghanaian bank.
I purchased me and my mom's airfare for April!!!!
I'm beyond excited to be visiting Ghana for the first time!!!
Thank you both so much for the insightful information you provide!
Yay @tequisha mcdearmon! We are glad this was helpful 😊! See you in Ghana soon ❤️️!
That's what's up I'm thinking of going this summer let me know how it goes
How was your trip?
We have a Ghana T-bill backed investment with Ecobank. Pretty good interest. But watch out for currency deflation.
I’m sure you’ve made this wise decision because of what you’re learning as you go. I like how you guys tell it like it is.
Thank you
Great information. THANKS. I just booked my One way ticket to Ghana..May 25
Thank you for your comment! ❤️️👍😊 See you in Ghana soon!
Hello Calvin, congratulations! Also wanted to add what a special day May 25th is - Africa Day! What a great day to be moving and starting this journey. Best wishes.
Best wishes to you. Africa awaits you with open arms. 🤗
Love this video. I won’t be banking there. I will keep my bank accounts here. I’m glad you explained the banking system there.
Great comment - Thanks for adding to the conversation ❤️️💛💚!
I have been traveling to GHANA back and forth and I still use my Canadian bank account instead of opening account in GHANA 💚💚✌💯
Not dirty little secret 🤣🤣🤣🤣🤣! You two are hilarious 🤣😆😂😄! Please do a video on the inside and outs of mobile money ooooo! Taking notes !
@Glitteratie Ent - A video on the "momo", sounds like something we can do and thanks for the comment 😊!
@@ExpatLifeGhana YAY I KEEP HEARING AND SEEING PEOPLE USE IT BUT WHO KNOWS HOW TO GO ABOUT IT LOL....THANK YOU GUYS. 💜
Pls do...I'm not familiar with mobile money process info!
Kindly get a TransferWise account as a backup and you can bank in different currencies and have great exchange rates as well. Agreed about the frustration with opening of an account without doubt.
Thank you for your comment! ❤️️👍😊
I tried opening a bank account in Ghana as a foreigner and I gave. Exactly what you two described happened. I found it really frustrating, I had to walk out. It felt like applying for a loan.
Its always a good idea to have a trusted local who can advise you on things else you will get frustrated
@Fred - We thought about what could a bank do that we weren't already able to do and found we really didn't need a traditional bank here and thanks for the comment 😊!
I think it best to have an account in Ghana and the United States.
Interesting idea @BB Tom
USAA and Navy Federal refunds atm fees. Capital One internationally friendly.
@Zo Ross - Good to know and thanks for the comment 😊!
Mobile money seems the best option. I currently use Remitly as I have had nothing but problems with Western Union and World Remit. After terminating your sending privileges without providing a reason it takes forever to get your money back.
Ayo and Tony, great to see you guys again. I'm a bit sad that you didn't mention my bank and place of work, Fidelity Bank. I'll keep it simple. You only have to let the bank know what exactly your needs are and they'll figure things out for you. I'm talking about my bank, Fidelity Bank obviously lol
I have to admit e-banking charges are a bit of a pain but hey, there's not much to be done about that.
@Faith Beema - We did miss that but not intentionally and thanks for the comment 😊!
We don't have car note, house mortgage and other stuff (line of credit) as we have in the western world. About 80% of vehicles and buildings in Ghana are all paid for. Pictures are required for bank accounts for fraudulent activities because people are capable of signing other people checks.
Great comment - Thanks for adding to the conversation ❤️️💛💚!
@@ExpatLifeGhana
Thank you also for the response. Ghana employees in the various banks in the country are the problem of all the fraud transactions (about 80%) according to the bank of Ghana. Am here at New Jersey but I don't have credit card, I don't want it and I don't like it.
I hope it stays that way so people don't get into debt.
@fred .....the Epitome of FREEDOM!
You two are an ‘abundance’ of information. I never thought about the financial institutions, as part of relocating. You should make a large number of subscribers, behind this post. By the way, will you be setting up a P.O. Box to receive gifts, from subscribers? Besides gumbo filet, I’m sure there are some thing that you miss, from the US. Stay safe, and stay bless.
@Quansette Canady - We do have a P.O. Box number here in Tema. We would be honored to receive gifts and thanks for the comment 😊!
@@ExpatLifeGhana, I didn’t know if you had a separate one, from your personal. However, I didn’t see a post, in your description, Dropbox. I’ll continue to check. If, and when you share the Information, I’ll be sure to send you some things.
I think that I will need to have a bank account in Ghana since I’m going to start a business there.
@Mirella Augustine-Howard - That would be suggested and thanks for the comment 😊!
Sounds even better I have an account with capital one!
@Gary Wrege - They are awesome and thanks for the comment 😊!
The best option for most travelers is to open a revolut, n26 or transferwise account for mobility.
Interesting idea @YeshuaIsLord
@@ExpatLifeGhana Revolut is free and you can receive and transfer money instantly, you can change money for free in any currency you want and you can have a debit card with multicurrencies.
You two are so brave, I’m not. I don’t even like driving outside my regular areas. I am so glad you two have each other.
No I'm definitely going to need to bank I definitely need to find a bank in Ghana and have my money come down there
For big project you will need Ghanaian bank account so you can move large amount of dollars. Mobile money will charge a fee to send/receive money, but most banks in Canada is free e-transfer.
Yes, for business owners operating in Ghana bank account is better, it more professional than mobile money.
Great comment - Thanks for adding to the conversation ❤️️💛💚!
@@ExpatLifeGhana y'all funny with the comments but neutral
I have been watching your channel for sometime now. I live in the U.S. and i have been considering relocating to an African country. Man it seems like everything you do in Ghana is a hassle…I would hate to move from a bureaucracy filled country to another country full of bureaucracy. Lol
A passport photo is usually required as it is scanned onto the system so that the teller can check to see who you are.
@Darkus Marvey - We figures something like that and thanks for the comment 😊!
UBA was the only bank that would take my debit card (Citibank) when I was there. I shoved my Citi card in all of those ATMs you showed @1:10 at Accra Mall and it was no-go. Ended up all the way in Cantonments before I found UBA at someone's suggestion.
Get guba visa
@SQueen_ Rob - Not familiar with them but thanks for the comment 😊!
Cantonments must be the center of wyte foreign activity
UBA seems to be the best bank for Diaspora that is African owned. They are constantly expanding to other African countries as well
U guys been doing it from way back starting with people like Dubois amd many others . I luv dr small he took it to de next level . He great . U guys are doing great . Blacks got more money so u can easily do it than many continental blacks ,
Y’all just fun to watch man.
@castro8021 - Love that! Thanks for the comment ❤️️🇬🇭❤️️.
Great information we need more like this.
@Cee Cee -More to come and thanks for the comment 😊!
Great video, thanks for the information.
Question? If I start a business in Ghana are people paying employees in cash or utilizing a local bank for payroll?
Wow this couple has alot of patience with Ghana. The bribery, the corruption, banking issues, electrical outage, grocery issues, no jobs, no public health care, and etc... I don't think I would be a good fit for Ghana. I will stick with 🇺🇲.
Yh Ghana do not need someone like you 😂😂 better stick to your 🇺🇸
U guys apologies for my previous ignorant comments
U r informative and well intentioned........God bless
Yay @Rodney Nichole! We are glad this was helpful 😊! See you in Ghana soon ❤️️!
Definitely going to use only in the US for right now, but when I get permanently living in Ghana I will get an account in Africa. In the US soon there is not going to be no more dollar, I can’t leave money in the bank in the US, so much is going to be going bad in the US!❤️
@Lovely Dove -I can feel your concerns and thanks for the comment 😊!
Yall the only one with the real deep info like yes
I love you videos!! Your wife is very detailed which is important for success or failure in Ghana for anyone which creates value .$$$$$$$
In some countries credit cards use pin number even in UK here credit card goes with pin number
@Anita Williams -The cards we use are linked to business accounts so a cash with drawl would be considered a loan and come with a interest rate attached. We like to keep it simple and thanks for the comment 😊!
Opening a bank account in Africa is always a headache however in the long run you will need one 🤷🏾♀️
Totally agree @nduta kenya! And thanks for adding this to the conversation 🤗.
Please dont generalise as it varies from one African country to the next. It's quite easy and simple to open a Bank account in South Africa provided you have a verifiable source of income.
Not all of Africa, they are specifically speaking about Ghana.
Greetings from Texas.You all mentioned Google Fi so you all don't have a Ghanaian phone plan?
@Crob3622 - We both have several phones, one with a US number and the other a Ghanaian number. We have to keep our US numbers for business and thanks for the comment 😊!
That's a real big move to lead the states and go to Ghana
@Joshua Achaibor -Four years of prep before we got here. Visiting a couple times and with family here it really helped and thanks for the comment 😊!
@@ExpatLifeGhana i assure you, you aren't the only ones doing that. but when you're planning to get out of the plantation, it's a good idea to keep your mouth shut until you are ready to make good on the plan.
I’m still a teacher in the USA, what bank in USA you are banking?
The repatriation research never ends...I always notify the bank before travel. Great tip. But, living there, I would like to support and African bank, also. Thanks a lot.
@Otsu's Pyre -We will eventually need one but for now our way seems to work and thanks for the comment 😊!
Greetings Expat Life Ghana, very informative banking information and I just absolutely love Iyo’s facial expressions😀. Thanks for sharing.
Yay @Nefertem Ur! We are glad this was helpful 😊! See you in Ghana soon ❤️️!
Awesome
Watching from Sydney Australia
@William Gameli Senaya - We appreciate that and thanks for the comment 😊!
Again more solid information from you guys!
Stay safe and be well over there👍🏾
Thank you for your comment! ❤️️👍😊 Appreciate it!
i think to be fully establish , i will need an account, especially for business
@Afro G -Understandable and thanks for the comment 😊!
You two are informative and super helpful.
I would prefer to learn from your wise, aware boots on the ground experience, and do it the same way. Keep the $ secure and not transition it until it’s made to by force.
I will continue to do business with the US banks.
Dear Tony, credit cards DO have pin numbers for ATM's to get a cash advance (LOL). Yes, I'd open a bank account in Ghana if I was a permanent resident and keep no more than $500 in it, plus keep my home country bank accounts as I would be visiting family/friends from time to time. These days, you can go online to your credit card company and record travel dates and destinations. You can also lock and unlock the card at will via the bank's app to stop unauthorized charges if your card is lost or stolen.
@Bumblebee - Using a pin when using your credit card is like taking a cash withdrawal that you pay a fee for. My business credit cards don't have pin numbers associated with them for this reason. My personal credit cards don't have a pin because I guess I never saw a need to set it up. I can still lock and unlock the cards through my app on the phone. I can "momo" if cards aren't accepted and thanks for the comment 😊!
Incredible bkack Americans, u r mY inspiration , i might come back home too , here its hard to save in de states
Very informative channel and straight to the point. My new favorite channel.
With momo, beware of fraudsters. Banking your money is safer especially if it is huge.
I love you guys... so glad you are doing this. Hubby and I thinking about moving to Ghana when we retire. Keep up the Good work and Thank you.
I am keeping my bank in the U.S., I have capital one for a credit card🙂
Great comment - Thanks for adding to the conversation ❤️️💛💚!
I like the channel....from a production standpoint, Wifey has got "it" as a Presenter, Hubby, shows the equanimity needed for Producer, as well as a "segment" presenter for segments that require that taciturn approach.
@M. Adams -Wifey is a professional presenter while hubby is doesn't like the being the person with the lights on him. In our personal life we are just the opposite and thanks for the comment 😊!
We have local and overseas bank accounts here in China. Sometimes it seems to be a bit of a bother. Service and account protection is better here than in America. Many US banks will not accept debits from China even if they claim to.
You guys always make excellent videos
I always use sand Waves to send money to Ghana. I sent some amount to Ghana this morning. Thank you for sharing
@RedGold Green - Love that! Thanks for the comment ❤️️🇬🇭❤️️.
Sendwave is great
Why did I think Tony said “damn bankers” in the bloopers? 😂😂😂😂😂 I like the mobile money set up and can see that being the route to go and keeping my US bank connection. Another great video!
@Monique Steele - "Damn Bangers" because there were fireworks going off at the time. MOMO is the way to go and thanks for the comment 😊!
Most African societies are quite regimented, so ID and pics are needed often to make documents or other official processes.
(Afr. Amer asia expat here) Capital One credit cards offer no international trans. fee + Fidelity checking offers ATM reimbursement.
@Matthew James - We mainly use capital one and thanks for the comment 😊!
Great information thanks
Having used the mobile money solution, it is a really convenient solution but there are a few downsides to be aware of. I used MTM as my local mobile money, but just because you have the SIM doesn’t automatically grant you the mobile money facility. That costs 10ghc extra which is no problem but i had trouble getting the roadside mtn vendor to add the MM facility to my SIM even when using my passport as identification, (I was only visiting for 3 weeks). The situation was only resolved when a local spoke to the vendor on my behalf.
There are also limits for the amount of transactions that can pass through the MM account in one month (at least MTN enforce this , and it seems to vary from month to month) . Similarly the transfer companies (world remit, transferwise and others) all impose different rules for max size of transfer and frequency of transfer, beware. These companies all have their pros and cons but basically the money is transferred into your local MM wallet within 10 mins (you get a text/email confirmation) except when it isnt! - ive experienced delays of up to 3 hours using WR on rare occasions, which can be a traumatic wait. A transfer can be held up by your sending bank, by the transfer company, or by the local MM company. Its rare but ive had hold ups by all three. The final issue, is internet access. Its frequently crap basically, no signal means no transfer, you have to wait for the local connection to return etc
@Mark Roberts - We haven't had any issues but good to know and thanks for the comment 😊!
I think over time, your banking needs may change, especially when you start doing business in Ghana. Greetings, fam.
@Paa Ben - We will cross that bridge when we get to it and thanks for the comment 😊!
How did you deal with the heat and the power blackouts? do you have generators. Mind you maybe they aren't as bad as when I was there in 2006
Great information I needed to hear. Thank you very much!
Best bank Calbank. Stanbic is not bad You can have a foreign account and Save in dollars. Banking in the local currency is best send money into your cedi account
Thank you for your comment! ❤️️👍😊
So can I stay in Ghana and send money form the US to an account in Ghana
@@305jett Yes you can. Services like World remit, remitly, Wave helps you send money into your bank account in ghana, or Mobile Money to your phone in ghana. Then withdraw to your transactions. The banks also have visa, Mastercard etc services and you do online banking pay your bills online. Basically everything you do in the US or any part of the World you can also do in ghana. #globalvillage
Yes! You all answer my question
Yay @Lloyd Edmondson! We are glad this was helpful 😊! See you in Ghana soon ❤️️!
Some banks like Ecobank is all over west Africa and they also offer credit cards due to the type of account you have with them. Credit cards are not offered or accepted much in most places because of security reasons and also some card companies take long to authorise the payment to the recipient. Also Ghana doesn't practice the credit system so most banks do not offer credit cards. Foreign credit cards do work here but you may incur some extra charges for use especially when you take cash from the cash machine.
Great comment - Thanks for adding to the conversation ❤️️💛💚!
@@ExpatLifeGhana especially American Express credit card is highly not accepted by most other places and the reason they give is that they like disputing bills and sometimes take to long to authorise or issue the payment to the shop or service provider who was paid with that. They also ask for pins on the credit card because its now a security mode especially when abroad to make sure its you and to make you aware in the exchange rate cost in that local currency. A lot of places do accept Visa, MasterCard and a host of others as long as its a chip and pin and whether its a credit card or debit card. This is because signature can be forged by people and that's why chip and pin is widely used. The non chip cards can be used on most ATMs or cashpoint as some call it to withdraw cash and check balance and credits as long as their card is connected to any of the international card services with the symbol on the back like LINK, VISA, MasterCard, Switch, Cirrus the list goes on you would be fine. And always try to use ATMs of major and foreign banks that that provide these services such as Barclays bank, Standard Chartered bank (aka stanchart bank), ECOBANK, Ghana Commercial Bank and more. But please also inform your bank of the country you are going or the countries you with be and the time period you would be there before they block your cards and refuse payments or decline transactions. Also please be aware that there may be fees for usage abroad and also the exchange rate your bank uses might be lower. So the best way is to use one of the banks that do not chat you for card usage abroad and maybe has better exchange rates or you can use one of the cost effective money transfers online to send money to yourself via mobile money or to collect at a branch or to a local Ghanaian bank account if you have one.
good to know. i dont know which way i wanna go but all your info is helpful.
Yay @Autobot Diva! We are glad this was helpful 😊! See you in Ghana soon ❤️️!
Thank you. How do get a resident permit. What if you want to visit for just a month. Could you do a video o short term visits? Love your videos.
Thanks valuable information 👍🏽👍🏽👍🏽👍🏽
Yay @Rochelle McKinney! We are glad this was helpful 😊! See you in Ghana soon ❤️️!
I think if anyone can be credit free... It'll go a long way to provide that good sleep they want... No headache
@Samuel Ofosuhene - Credit free is a entirely different mentality and thanks for the comment 😊!
In Canada, credit cards do have PIN numbers. But if it's a touch card, you hardly ever use it. We hardly ever sign paper. That's an older system.
@Tasha M -A good part of our credit cards are business cards that don't have pin numbers attached to them because using the pin would be like taking out a loan and paying a interest rate on it. Cards are different because of the benefits they do or don't offer and thanks for the comment 😊!
I do the sendwave and bank in America...wells fargo...I'm retired and built a house in Atwima Boko, Kumasi... You guys are great!!! My husbnd is ghanian and we are waiting for his US visa but our intentions are to live here......I love and hate ask the same things you do!!! 😂 Especially the blackouts!! I'm researching solar power now!!!
I was there last year looking for a house. A bank told me I HAD TO be a resident to open an account...Luv yaw personalities. Hope we can linkup with yaw when we get there.. I'm looking at properties in Elmina and Team💪🏾♥️
We bring our money with us, Family and very, very reliable people from home. The exchange rate is always in our favour, like 1€ are 6.5 ceedes. Most of our ghanian friends do it likewise. One person can take 10 000€ when your travelling by air.
Momo money is great here to, to pay etc
Great comment - Thanks for adding to the conversation ❤️️💛💚!
I would have both. Both my husband & I have opened a bank account in Ghana but we live in the UK.
@K F - Love that! Thanks for the comment ❤️️🇬🇭❤️️.
Thanks for the enlightenment...All you have explained I would follow and on top of that I would have an Account in the Country you're residing in for Emergencies...Just in case..God Bless.. all ways love listening in..
Yay @johnny h.! We are glad this was helpful 😊! See you in Ghana soon ❤️️!
Just getting a chance to watch the video another interesting video.
Thanks so much for that @Bernita Steele, really appreciate it 😉!
Whats good yall, I gotta take a trip there soon.
@Daelyte Media Concepts - It's all good and thanks for the comment 😊!
I bank with my US bank Wich is Navy Federal CU.
This is such great platform. You guys are doing such a a good job with giving clues, points and great tips for those of us who are considering International travel. Thank you and please continue to keep us informed....
I think I saw that a Citibank is located in Accra. Did you hear that?
I will investigate the local banking system. I would like to support the local economy, if feasible. I'm not sure that once I make my final move to Ghana I will trust the U.S, monetary system. I may have to put my cash under the floorboards. LOL
@M G - You may want to look into a large cash box if that's the case, no floor boards here (LOL)and thanks for the comment 😊!
@@ExpatLifeGhana man the way things is shaping up here, makes you wonder if even banks will work anymore,
I need to get on another platform with you guys.
Thanks for the info. Guys.
Great banking information.
Yay @Charles Massaquoi! We are glad this was helpful 😊! See you in Ghana soon ❤️️!
Great information! Thanks for sharing
Explain more about Mobile Money please.
You guys are great! Thanks for all the significant information provided!👌🏾
I always love ur video how u are educating us deep stuff
Yay @OSEI AGYEMAN PREMPEH! We are glad this was helpful 😊! See you in Ghana soon ❤️️!
Remitly is pretty good money transfer app to use.
@Tony A - We've heard of them and thanks for the comment 😊!
Ohh I did let my bank know I was traveling and was able to use it 1 time in the 16months. The second time was not good. So I had to take out the ATM...
@Christine Terrhopha - You gotta get out more and use that thing and thanks for the comment 😊!
Good about the Credit Card. They don't want to give people credit to default on.
How does Ghana tax cryptocurrency profits? Since I use an online broker can I continue to contribute to my Roth IRA while living in Ghana? I am still researching and Ghana is on the list as well as Spain and Portugal.
In kenya credit and debit cards have pin number to protect your cash from fraudsters.
Banks are offices..so people work regular working hours. Some do open on Saturdays but usually they work half days.
Great Video and good information.
Question: Do you convert the us cash to Ghana currency?
@Marilynn Jones - Yes at the foreign exchange bureau located everywhere and thanks for the comment 😊!
well after living in israel for the last 18 years those banking hours sound fabulous! the banks here close at 1:30 every day for a 3 hour break! and on tuesday's they close at 1:00 for the day. it is so annoying. and drive thru? what's that?
@Nikki Scott -Oh wow, that's different and thanks for the comment 😊!
Thanks for sharing this with us...
It’s the same procedures to open an account in Jamaica .
Ok good sponsor
Thank you. You're very helpful.
Yay @Sherry Keener! We are glad this was helpful 😊! See you in Ghana soon ❤️️!