Greetings:
I just received news that my offshore bank account is being phased out because the Irish bank I was dealing with is phrasing out their international banking operations. It would seem that I am another victim of the Irish banking crisis. The bank has informed me that they are closing my account and will send the balance of my account to me via check. Now here are the questions. I live in Saudi Arabia and the check will be made payable to my address in the Kingdom. However, I am Canadian so should I tell the bank to instead to send and address the check to my Canadian address which is also on file with them. I am worried about a number of things. First, perhaps I can’t cash the check in Saudi Arabia. What would I do then? However, I also don’t pay any taxes in Canada so do I really want to cash a check in Canada? Any advice in this matter would be greatly appreciated.
