A New Kind of Internet Banking
I decided to add this post today, after a long time of innactivity, in the hope that other people in my situation would benefit from what I am about to share. Nowadays we live in a global word, and despite Covid-19, things are not starting to become local again, but rather more global, online focused. There is no exception when it comes to banking. Although I still understand the reason to use a bank, I don't fully embrace the idea of making profits from administration fees. This has been a common practice in Romania in the last decade, and it seems at the time of this writing that is still the case. So what's changed today is the fact that I discovered TransferWise (one of the many online banking companies out there) offers a way to open an online account for free. It took 5 min for an operator to check my ID and approve the account online. That gave me an actual IBAN for a RON (Romanian currency), as if I was based in Romania. The moment I had it operational (which took ma