US dollar off shore account

kimla10

Hello all i just don't know where to go with this account. i have US savings bonds from late gran that i want to put into a US dollar a/c. tried US banks and even though i have dual cit they want a MI5 appl info! i don't care how much the bonds are worth i just want to put them into a US dollar a/c. I am trying Natwest, HSBC.. Any advice please. This has been dragging on for 2 yrs..... since gran passed.. Any advice would be so grateful.....:j

thanks

Voyager2002

It is easy to open a US dollar account with Citibank in London, but many people do not consider it worth the monthly fee. A few years ago (before the fee was introduced) I did this, and they then helped me to open an account in the USA. Their US accounts offer free banking so long as you maintain a significant minimum balance, but their interest rates are rubbish.

kimla10

I've seen Citibank in my search... i am estimating the bonds wont be anywhere near 25,000, i have seen this as a minimum in a lot of banks. First Direct said they'd give me £100 for switching then opening an off shore but.... it's all confusing who to choose.... xxxx

eskbanker

Are you looking to sell these bonds and put the proceeds into a bank account? If so, is it viable to have the cash transferred into wherever you do your banking just now, albeit with a one-off currency conversion hit?

Or are you looking to retain them in their bond form but in a different type of holding account from where they are now?

kimla10

Hello, Just want to get them out of their paper form and into a savings account in dollars. thanks all:) once i do this i can get onto the Treasury department..