Payment in Dollars to US Bank

chipfire

Can anyone advise the best way to make a payment to a US bank in Dollars?

I have opened a US bank account to solve this problem in the future and need to make a deposit of about $250 to open the account and avoid monthly charges.

I have a citibank account and can purchase dollars but then they want £20 to make the transfer to Bank of America which amounts to a 20% charge. There has to be a better way?

magyar

Wonder if there's something you can do with Paypal? I think if you set up a different Paypal account for the USA (different email address, different bank) then you can make a payment to that other account and draw down to your USD account.

gt94sss2

Is it a US Dollar Citibank account? - if so, can you write a cheque for the money and post it?

If not, what type of Citibank account is it?

Also, I know you have opened an account with the Bank of America but I think HSBC do a pretty good one as well with no monthly maintenance fees or minimum balances

Regards
Sunil

chipfire

Many thanks gt94sss2 & magyar


I could write a cheque and post it but I was hoping to do it more rapidly and citibank didn't provide a cheque book - I've ordered a $ one now.


Not sure whether the bank will take paypal as they would end up paying the paypal fee.

magyar

chipfire wrote:

Not sure whether the bank will take paypal as they would end up paying the paypal fee.

You could just gross up the amount transferred in this instance. This would probably require the bank to do something, of course, not my experience of US banks!