US $ & Euro accounts info pls

philj66

I am in the process of buying a US condo having already purchased a small condo in Spain I have a BBV current account but it is not an online account.My ideal would be an account which offers a deposit account linked to a current account in Us$ and one in Euros I would need to be able to pay sterling amounts into both to fund them.Iwould then be able to pay bills online from either current accounts and maintain a balance in $ or Euro if I thought it was an FX advantage.Citi bank offer something similar but as I am not earning a salary but live off investment and capital I do not qualify.Any ideas anyone?????????????

Cardew

I just posted on this thread.

http://forums.moneysavingexpert.com/showthread.html?t=40023

I have a Condo in the USA which is the main purpose for the account.

I appreciate you do not have a salary but as you will note in my post they never checked with my employer and regular payments into the account are not required.

If you put down your employment as "philj66 - investment consultant of Railway Cuttings East Cheam" and state you earn above the minimum income they will probably accept this.

Middlers

I own a villa in US and have a US bank account which I keep topped up from rental income. It is fully functional online to pay bills etc and provides cheque book and ATM card. As regards a deposit account - accounts in the US pay so little it is not worth having one over there.

Cook_County

Owning real property in Spain subjects you to Spanish forced heirship rules on death. Owning real property in the US valued at over $55,000 subjects you to US tax on death. Morbid aren't I?

If you are domiciled in the UK then the income and gains from both are reportable in the UK. Therefore I'd go for an onshore account domestically locally in the US, since nothing else will be understandable by the locals. You may well need an ITIN first which will take a whole bunch of time itself.

If you are not domiciled in the UK I'd bank somewhere outside of the US and the EU to avoid exchange of information.