i suppose the cons are quite obvious that you need to travel to the respective country to open an account there.... if not mistaken for singapore account, you need to maintain some amount 1/2k in the account else theres a monthly fees charged.

another cons are you still need to asorb the charges is uses interbank TT unless the foreign bank let u have a visa debit card or some thing alike so that you can withdraw over the atm here...

pros are "peace of mind" i suppose... the money will go into your acc rather than some 3rd party account like VIM card.... who knows how long can all these company last???

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