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USD TO GBP Bank Account

lkettles
Posts: 4 Newbie

Looking for some advise, my partner works for a US company and gets paid in USD, he then has an high street bank. the EX rate isn't great, and with him getting paid every two weeks, he seems to be losing quite a bit of money. I was wondering if there was a bank account that would be better for him, especially with the EX rate.
Thank you
Thank you

0
Comments
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sorry just realised this was posted in the wrong area.0
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I use wise for my transfers. You can pay in in practically any currency and exchange at very good rates compared to high street.0
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What about a Revolut account? Can be paid in dollars and transfer to Sterling, then onto UK bank if required. Not sure of the difference between Revolut and Wise rates.0
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HSBC USD Currency account to receive. Move USD into HSBC Global Money Account and convert at rates similar to or better than Wise and you will have FSCS protection. You will need an HSBC current account to open both the Currency and GMA.
Revolut have a poor reputation for customer service. Probably the cheapest to convert <1000 GBP per month but then you will pay charges or need to move to one of their premium accounts.1 -
WastedWords said:HSBC USD Currency account to receive. Move USD into HSBC Global Money Account and convert at rates similar to or better than Wise and you will have FSCS protection. You will need an HSBC current account to open both the Currency and GMA.
Revolut have a poor reputation for customer service. Probably the cheapest to convert <1000 GBP per month but then you will pay charges or need to move to one of their premium accounts.0 -
+1 for Wise or HSBC options. I recommend against Revolut for their poor customer service. But otherwise all the suggestions are good. Provide the US employer with USD account details, and then manage the currency conversion yourself. Don't get USD paid directly into your GBP account.0
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