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  • FIRST POST
    • jinkster
    • By jinkster 12th Jun 17, 12:04 AM
    • 349Posts
    • 54Thanks
    jinkster
    US Dollar account with Natwest
    • #1
    • 12th Jun 17, 12:04 AM
    US Dollar account with Natwest 12th Jun 17 at 12:04 AM
    Is it possible to open a US Dollar account with Natwest? I don't really want to use the International services.
Page 1
    • eDicky
    • By eDicky 12th Jun 17, 2:12 AM
    • 2,572 Posts
    • 1,102 Thanks
    eDicky
    • #2
    • 12th Jun 17, 2:12 AM
    • #2
    • 12th Jun 17, 2:12 AM
    If they offer such an account it must be possible to open one. But they won't provide a USD debit card and their rates for exchanging to/from GBP will be extortionate. What's your purpose?
    • jinkster
    • By jinkster 12th Jun 17, 2:25 AM
    • 349 Posts
    • 54 Thanks
    jinkster
    • #3
    • 12th Jun 17, 2:25 AM
    • #3
    • 12th Jun 17, 2:25 AM
    I work abroad and paid in a currency pegged to the USD. I'd like to transfer from abroad to UK account in USD then use a currency exchange service to change to GBP when required.
    • Heng Leng
    • By Heng Leng 12th Jun 17, 1:47 PM
    • 3,935 Posts
    • 1,202 Thanks
    Heng Leng
    • #4
    • 12th Jun 17, 1:47 PM
    • #4
    • 12th Jun 17, 1:47 PM
    I work abroad and paid in a currency pegged to the USD. I'd like to transfer from abroad to UK account in USD then use a currency exchange service to change to GBP when required.
    Originally posted by jinkster
    You'll still have various charges (plus forex unless they do the transfers in USD) I assume it's a middle eastern country?
    • eDicky
    • By eDicky 12th Jun 17, 2:42 PM
    • 2,572 Posts
    • 1,102 Thanks
    eDicky
    • #5
    • 12th Jun 17, 2:42 PM
    • #5
    • 12th Jun 17, 2:42 PM
    You may find the TransferWise 'Borderless Account' useful:

    https://transferwise.com/borderless?source=publicNavbar

    You might need to be in UK (or use VPN) to sign up.
    • Majestic12
    • By Majestic12 13th Jun 17, 10:11 PM
    • 135 Posts
    • 55 Thanks
    Majestic12
    • #6
    • 13th Jun 17, 10:11 PM
    • #6
    • 13th Jun 17, 10:11 PM
    You may find the TransferWise 'Borderless Account' useful:

    https://transferwise.com/borderless?source=publicNavbar

    You might need to be in UK (or use VPN) to sign up.
    Originally posted by eDicky
    This is a good option. Though if you wish to withdraw $ funds into UK bank account (whether £ or $), you still have to pay conversion fees. The only way not to pay conversion fees is to also have a physical bank account in the US of A.
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