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American Bank Account

Does anyone hold an American bank account,
On working lunch today they suggested that for anyone planning a trip to America beyond 2007 it would be a good idea to open an American bank account.

timerich

Comments

  • gt94sss2
    gt94sss2 Posts: 6,235 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    timerich wrote:
    Does anyone hold an American bank account,
    On working lunch today they suggested that for anyone planning a trip to America beyond 2007 it would be a good idea to open an American bank account.

    Yes, I hold a 'proper' American bank account with HSBC in New York.

    However, what Working Lunch was suggesting is that you open a US Dollar account here in the UK.

    Most banks offer these including:

    HSBC
    Abbey
    Lloyds
    Citibank

    In my opinion though, it only really makes sense if you have a lot of money to change from GBP to USD or if you travel to America a lot.

    Otherwise, you may as well just but USD travellers cheques if you want to lock in some holiday spending money at current exchange rates.

    Regards
    Sunil
  • Good suggestion
    I was thinking of 'tying up' £3000.
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