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#1
12-18-2006, 07:26 AM
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US dollar bank account for UK residents
I am looking for a bank account where I can cheaply move money in and out of Neteller. Preferably one that pays reasonable interest rates too. NB Although in the UK my Neteller account is a US$ account and hence i want to avoid bringing it in and out of a standard UK bank account due to the conversion fees.
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#4
12-18-2006, 08:23 AM
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Re: US dollar bank account for UK residents
I was researching this the other day as well. Natwest does have an international account for £150 p.a.
I did find a free HSBC one (as long as there is >£5000 in it).
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#5
12-18-2006, 08:36 AM
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Re: US dollar bank account for UK residents
There was another thread about this recently.
On some other forum a load of scalpers complained about getting their HSBC accounts accounts closed, so HSBC may have a prejudice against $ accounts for gambling. TheMetetron argued that reputable offshore banks wouldn't take kindly to being used for lots of gambling transactions unless you had 6 figures or something. I'm also wanting to get something set up.
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#6
12-18-2006, 08:48 AM
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Re: US dollar bank account for UK residents
I didn't get around to setting it up but Citibank had a decent account here,
Citibank USD Account It's $20 p/month if you have less than £2k equivalent in it.
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#7
12-18-2006, 10:43 AM
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Re: US dollar bank account for UK residents
I have the Citibank US$ account and it works great. I've had surprisingly few problems using the Visa card to deposit on poker sites, although TBH it must be 6 months at least since I last tried so it might not be possible any more.
Withdrawing from Neteller works too, as a $1 bank transfer(although you also lose a small amount in hidden fees that neither Citibank nor Neteller can explain properly, because the money is routed around the world three times). I also have a Bank of America account that I couldn't link to my Neteller account - looks like UK Neteller requires banks with a UK routing number. The Citibank account is multiple currency and you can transfer money around instantly. They used to give you a visa card on each currency but now it's just one and you have to call to tell them which balance you want to use it on. This is useless if you have any subscription payments on either account, so I stopped using it for GBP but if you can live with that and pay your salary in you should also get it free without maintaining a £2k balance. Enough plugging... anyone want me to refer them? [img]/images/graemlins/smile.gif[/img] Actually the refer-a-friend is pretty crappy at the minute, looks like it's wine - happily offering 50/50 split but you'd have to collect!
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#8
12-18-2006, 11:23 AM
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Re: US dollar bank account for UK residents
Ok, to add to the mix - what about savings acounts? if I could drop some $'s and wait for the exchange rate to catch up to my expectations [img]/images/graemlins/smile.gif[/img], I'd gladly store some away and let the interest rate do some work for me.
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#9
12-18-2006, 04:25 PM
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Re: US dollar bank account for UK residents
[ QUOTE ]
I am looking for a bank account where I can cheaply move money in and out of Neteller. Preferably one that pays reasonable interest rates too. NB Although in the UK my Neteller account is a US$ account and hence i want to avoid bringing it in and out of a standard UK bank account due to the conversion fees. [/ QUOTE ] Nationwide bank do not charge conversion fees from cashouts made from ewallets/poker sites into your account.
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#10
12-18-2006, 04:34 PM
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Re: US dollar bank account for UK residents
I have one with nationwide international and have been very happy so far. They are supr quick to respond to anything, you can get through to a human being within 5 seconds of calling them up, good interest rates etc.
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