USD Account

[jon-]

Hi,

I'm sure this has been covered before but I've done a search and couldn't find anything.

I've been doing a spot of freelance web work for American clients. Low volume, nothing more than $500/month but they're paying me in USD and I'm actually using the money to buy goods from the states so I'm getting hit twice with currency conversion rates.

Is there any way of having a USD current account when you're a UK citizen? Unfortunately I can't get them to buy the goods, the money has to come through me. Due to the low volume of transactions an account with a lot of fees isn't cost effective.

Again, sorry if this is a repost,

Jon

[Horse_Apple]

jon- said:

Hi,

I'm sure this has been covered before but I've done a search and couldn't find anything.

I've been doing a spot of freelance web work for American clients. Low volume, nothing more than $500/month but they're paying me in USD and I'm actually using the money to buy goods from the states so I'm getting hit twice with currency conversion rates.

Is there any way of having a USD current account when you're a UK citizen? Unfortunately I can't get them to buy the goods, the money has to come through me. Due to the low volume of transactions an account with a lot of fees isn't cost effective.

Again, sorry if this is a repost,

Jon

Just about the easiest option is an online USD a/c from Citibank.

[Timmy33]

Horse_Apple said:

jon- said:

Hi,

I'm sure this has been covered before but I've done a search and couldn't find anything.

I've been doing a spot of freelance web work for American clients. Low volume, nothing more than $500/month but they're paying me in USD and I'm actually using the money to buy goods from the states so I'm getting hit twice with currency conversion rates.

Is there any way of having a USD current account when you're a UK citizen? Unfortunately I can't get them to buy the goods, the money has to come through me. Due to the low volume of transactions an account with a lot of fees isn't cost effective.

Again, sorry if this is a repost,

Jon

Just about the easiest option is an online USD a/c from Citibank.

Almost all banks do $ and euro accounts, even the Nationwide Building Soc does them.

[jon-]

Citibank looks ideal, just need to find the £2000 minimum needed to avoid fees.

Nationwide would have been nice as I bank with them currently but their USD accounts are for savings and have quite a few withdrawal penalties

http://www.nationwideinternational.com/accounts/ac...