MoneyMagpie

Jul 01

Top 5 US dollar currency accounts

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

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 or you transfer money frequently it can be useful, and cheaper, to have a dollar currency account. It’s simple to open a US dollar account and transfer money 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

Citibank US Dollar Current Account 

  • Pay no transaction fee for purchases overseas in the currency of your linked accountciti dollar currency accounts
  • 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
  • Free optional US dollar cheque book
  • £5 monthly fee will apply if your foreign currency account holds less than £2,000

Multiple currencies – NatWest

NatWest Currency Extra Account 

  • Currency choice – available in a range of major currenciesNatWest_dollar currency accounts
  • Interest payment on larger balances
  • 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

Multiple currencies – Barclays

Barclays Currency Current Accounts 

  • Offer dollar and international currency accounts in a range of currenciesbarclays_dollar currency accounts
  • Currencies: US dollars, euros, rupees, yen
  • 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

No minimum balance – HSBC

HSBC – International Personal Current Account

  • Manage your foreign currency quickly and convenientlyhsbc-dollar currency accounts
  • Monthly fee of £5 (or currency equivalent)
  • No minimum balance
  • 24-hour automated service
  • Choose from a range of currencies

For Lloyds TSB customers only

Lloyds TSB – Premier International Account

  • No monthly fee on balances above $3,500lloyds_dollar currency accounts
  • 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

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