US Dollar account with Natwest

jinkster
jinkster Posts: 376 Forumite
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in Budgeting & bank accounts
Is it possible to open a US Dollar account with Natwest? I don't really want to use the International services.

Comments

  • eDicky
    eDicky Posts: 6,573 Forumite
    First Anniversary Name Dropper First Post
    If they offer such an account it must be possible to open one. But they won't provide a USD debit card and their rates for exchanging to/from GBP will be extortionate. What's your purpose?
    Evolution, not revolution
  • jinkster
    jinkster Posts: 376 Forumite
    First Post First Anniversary Combo Breaker
    I work abroad and paid in a currency pegged to the USD. I'd like to transfer from abroad to UK account in USD then use a currency exchange service to change to GBP when required.
  • System
    System Posts: 178,093 Community Admin
    Photogenic Name Dropper First Post
    jinkster wrote: »
    I work abroad and paid in a currency pegged to the USD. I'd like to transfer from abroad to UK account in USD then use a currency exchange service to change to GBP when required.

    You'll still have various charges (plus forex unless they do the transfers in USD) I assume it's a middle eastern country?
  • eDicky
    eDicky Posts: 6,573 Forumite
    First Anniversary Name Dropper First Post
    You may find the TransferWise 'Borderless Account' useful:

    https://transferwise.com/borderless?source=publicNavbar

    You might need to be in UK (or use VPN) to sign up.
    Evolution, not revolution
  • Majestic12
    Majestic12 Posts: 142 Forumite
    eDicky wrote: »
    You may find the TransferWise 'Borderless Account' useful:

    https://transferwise.com/borderless?source=publicNavbar

    You might need to be in UK (or use VPN) to sign up.

    This is a good option. Though if you wish to withdraw $ funds into UK bank account (whether £ or $), you still have to pay conversion fees. The only way not to pay conversion fees is to also have a physical bank account in the US of A.
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