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Looking for US Dollar account

J45
J45 Posts: 290 Forumite
edited 17 May 2013 at 12:12AM in Budgeting & bank accounts
Hi I want to convert US dollars into pounds from PayPal but their exchange rates are poor. Ideally I would like to send them to a bank account that can accept US dollars and then exchange them from there.

Just wondering what my options are and what would be the best method?

Comments

  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 16 May 2013 at 9:09PM
    How big is the amount?
    A USD account is likely to be not free.
    If you ask the bank to convert $->£ you are likely to get the rates as bad as at Paypal.
    If you want to ask some other company to do this at a better rate, USD bank transfer to the company will be not free.
  • J45
    J45 Posts: 290 Forumite
    It will be around $8000. I am unaware of all the fees involved so just after a better £ return then what PayPal offers.
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