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Opening a USD deposit account

  • 06-12-2014 2:42pm
    #1
    better call saul
    Banned (with Prison Access) Posts: 412 ✭✭


    Whos best for it in Ireland? Cheers


Comments

  • #2
    ballyharpat
    Registered Users, Registered Users 2 Posts: 1,833 ✭✭✭ballyharpat


    Go to your local bank


  • #3
    better call saul
    Banned (with Prison Access) Posts: 412 ✭✭better call saul


    ballyharpat wrote: »
    Go to your local bank

    Yeah but Im wondering which is the cheapest?


  • #4
    ballyharpat
    Registered Users, Registered Users 2 Posts: 1,833 ✭✭✭ballyharpat


    I use ulster bank, it's free , but I only transfer dollars in and out, I use currency fair for conversions


  • #5
    better call saul
    Banned (with Prison Access) Posts: 412 ✭✭better call saul


    ballyharpat wrote: »
    I use ulster bank, it's free , but I only transfer dollars in and out, I use currency fair for conversions

    Cheers

    Any minimum balance?


  • #6
    ballyharpat
    Registered Users, Registered Users 2 Posts: 1,833 ✭✭✭ballyharpat


    I don't believe so, I started with 5k, I believe, currently, I have $74 in there and have had for 8 months with no charge.....


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  • #7
    robp
    Banned (with Prison Access) Posts: 1,934 ✭✭✭robp


    I have looked into these USD account services and all of them have some flaw. For example many don't have online banking and they very often charge a fee for transfers.


  • #8
    lukonmaki
    Registered Users, Registered Users 2 Posts: 33 ✭lukonmaki


    Hi,

    I too would like to open a dollar acc in Ireland. I work in Asia and am paid in $
    I am currently with AIB. Any idea where I could find out their charge on incoming cash.. cant see anything about it on their website.

    Many thanks

    Luko


  • #9
    Prezatch
    Registered Users, Registered Users 2 Posts: 952 ✭✭✭Prezatch


    I've looked into this a little also. Looking at exchange rates, AIB charge about 1.5% above the market rate and this is where they make their money. I believe they charge 15 EUR for any transfers out of the account with a limit of 5,000 USD per transfer.

    I doubt you'd be charged anything on incoming cash as long as the cash and account are in the same currency. Use currency fair for conversions if taking the money out to use as EUR in Ireland


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