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USD $ bank account
kukuman
Posts: 6 Forumite
I would like to open a USD bank account which will enable me to:
1. Pay in cash USD dollars $$
2. Have a debit (or Credit?) card to use in my travel to US.
Please advise
1. Pay in cash USD dollars $$
2. Have a debit (or Credit?) card to use in my travel to US.
Please advise
0
Comments
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Easy. Any high st bank and ask for an international account.
I wouldn't bother personally and just use Revolut.0 -
I would like to open a USD bank account which will enable me to:
1. Pay in cash USD dollars $$
2. Have a debit (or Credit?) card to use in my travel to US.
Please advise
Citibank is probably your best bet if you want these features. (But you'd need to cheque they accept USD cash deposits - it doesn't explicitly say on the website.)
Doesn't come cheap though - £75 per month unless you have a £150k balance. Could you live without being able to pay in cash, and get a Transferwise or Revolut debit card?worried_jim wrote: »Easy. Any high st bank and ask for an international account.
I wouldn't bother personally and just use Revolut.
The foreign currency accounts from the high street banks are mostly oriented around electronically transferring money in and out (and sometimes withdrawing cash over the counter).
Are there any that allow USD cash to be paid in, and provide a USD debit card?0 -
Just take your cash dollars to the US with you, you'll not be able to bank them in UK. But if you intend to exchange pounds for these cash dollars, forget it and read the MSE advice on 'travel' credit and debit cards.Evolution, not revolution0
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Most personal bank customers won't let you deposit dollars cash into a UK based $ account.
Most will also charge you a % to withdraw dollars in cash.....so you need to ask yourself - do you really need a dollar account?
Others have posted alternatives.0 -
Transferwise could be another good option for #2. You get routing numbers to pay in US$ on-line, but no means of depositing physical notes.I’m a Forum Ambassador and I support the Forum Team on the Credit Cards, Savings & investments, and Budgeting & Bank Accounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0
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