Best place to get a USD account

smallandcute

Anyone have any suggestions on the best place to get a USD account? I need it for work as although i live here in the uk i am self employed and some companies are us and will only pay me in USD so need a good account to receive funds.

Thanks

jonesMUFCforever

Most UK banks will open usd accounts for you but they may be based offshore.

eDicky

UK banks usually require you to have a current account with them already in order to to open a foreign currency account, so try your own bank(s) first to see what they have.

For example, HSBC, who apparently do not charge a monthly fee for a USD account regardless of your balance:

http://www.hsbc.co.uk/1/2/currency-account/in-detail

Did you look into opening an account in the USA as I tried to suggest in your other thread? That would probably be more cost effective for you and convenient for your (presumably) US customers.

grumbler

smallandcute wrote: »

... some companies are us and will only pay me in USD so need a good account to receive funds.

And what are you going to do with USD then?

ratechaser

I'm in the process of opening an HSBC USD account - well, what I mean is that it's over a week now since I applied online and I've heard nothing, but then HSBC have never been the fastest at opening accounts IMO.

Anyway, it does look (in theory) like one of the simplest/cheapest options around, and will definitely make it easier to use a broker to convert funds back to GBP...

ronbell101

so do you get a debit card with this account??or is this account only for USD deposits ?