3 ms·
It may also be worth looking into whether you can open a Foreign Currency account with a bank where you're incorporated which is probably a lot simpler than ope
by jsty 6y ago
It may also be worth looking into whether you can open a Foreign Currency account with a bank where you're incorporated which is probably a lot simpler than opening one cross-border.
E.g. in the UK, Barclays offer these for a range of currencies:
https://www.barclays.co.uk/business-banking/business-abroad/foreign-currency-accounts/ https://www.barclays.co.uk/business-banking/business-abroad/...
- EastSmith 6y agoThanks, I can open an USD account, but then I need to pay fees for it and the currency exchange rate is not as good as TransferWise's rate.
- ska 6y agoRetail exchange rates are never good but talk to your bank. If you have enough volume to do they may allow you access to their own trading desk for a much better rate.