Top 7 US Dollar Currency Accounts

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Looking for a US dollar currency account but not sure which one to choose? Fear not – we’ve compiled a list of the top seven dollar currency accounts, so you can pick the one that’s most convenient for you.

Who should have a dollar currency account?
Citibank oreign Currency Account
NatWest Business Currency Account
Barclays Foreign Currency Accounts
HSBC International Personal Current Account
Lloyds TSB Premier International Account
The Gold Bank Account – Santander International
American Dollar Account – TransferWise

Who should have a US dollar currency account?

The US dollar is the currency used in the United States and if you travel there often, transfer money frequently, plan to move to the US or receive an income from a US employer, it can be useful, and cheaper, to have a dollar currency account (commonly referred to as foreign currency accounts and multi-currency accounts as well). It’s simple to open an account and money can then be transfered with ease. Once you open your account, managing your foreign currency will become quick and easy, but first you must decide which one to choose.

Low charges – Citibank

Foreign Currency Account

Pay no transaction fee for purchases overseas in the currency of your linked account
Fee-free cash withdrawals overseas in the currency of your linked account, from a Citibank ATM
Global access 24 hours a day, 365 days a year
No foreign exchange costs when receiving money in the same currency as the account

Multiple currencies – NatWest

NatWest Business Currency Current Account

Currency choice – available in a range of major currencies
Cheque book available for dollars and most other currencies
Transfer money electronically
Make payments worldwide
Overdraft facilities (subject to agreement, in all major currencies)
Clear charges – there are standard transaction charges
Because this is a capital account, no minimum balance is required

Multiple currencies – Barclays

Barclays Foreign Currency Accounts

Open an account in Euros, US dollars and 10 other currencies including the Japanese yen the Swiss Franc
Conduct business in a foreign currency as easy as in pound sterling
Settle transactions in dollars on the same day
Write cheques in your account’s currency
You’ll need a sterling current account to open this account
Free Transfers between Barclays accounts
You won’t have to pay a cash handling fee when you pay into or withdraw from your account (order cash before 1pm for delivery the next working day)

No minimum balance – HSBC

HSBC Currency Account

No monthly fee for the account
No payment will apply when sending money to another HSBC account
Manage your foreign currency quickly and conveniently
No minimum balance
24-hour automated service
Choose from a range of currencies
During market hours, the exchange rates are updated by the second
Available in 14 major currencies including US Dollars, Euros and Chinese Renminbi

For Lloyds customers only

Lloyds – Premier International Account

No monthly fee
Choice of 3 currencies
Fee Free international transfers – send and receive money internationally for nothing
24/7 worldwide access to your money
Account holders only
Recipient and corresponding banks abroad may charge a fee for receiving payments
Manage your money in US dollars, pounds and euros, with a debit card for each currency
Worldwide travel insurance for you and your family

The everyday account – Santander

The Gold Bank Account – Santander International

An international account that is available in US dollars, Euros and Sterling, each currency comes with its own debit card
No monthly fee
Monthly statements, to keep on top of your finances
Commission-fee rates whenever you need to change currency, although there is a charge applied for international payments and receipts
Online and telephone banking is available
Interest rates may vary