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This has always been the rule in Brazil. In Uruguay you can open an account in pesos, dollars, or euros (but it is a very small country that depends on banking,

by forinti 14y ago

This has always been the rule in Brazil. In Uruguay you can open an account in pesos, dollars, or euros (but it is a very small country that depends on banking, like the swiss). Are there other countries where you can open an account with a foreign currency?

to3m 14y ago
You can open dollar and euro accounts in the UK. Don't know if it gets any more niche than that (aside from being able to open accounts in £ ;).
_delirium 14y ago
I believe it's the rule in the U.S. as well; deposit accounts must be in dollars. Several American banks offer business accounts that let you maintain multiple currencies, but they do so by storing (on paper) the other currencies in the care of a foreign branch (see the asterisk note at the bottom of Wells Fargo's info: https://www.wellsfargo.com/com/international/businesses/accounts/multi-currency https://www.wellsfargo.com/com/international/businesses/acco...).
- rprasad 14y ago
  It's not the rule in the U.S. that deposits must be in dollars. (Most banks will let you open up foreign-currency accounts...they just charge more. A lot more.) However, foreign currency-denominated accounts are subject to yearly gain/loss recognition as the value of the foreign currency changes compared to the dollar. This could potentially trigger income taxes on the unrealized gain, effectively (and usually) reducing or eliminating any interest earned. It's also a PITA for banks to deal with the compliance paperwork.
babblefrog 14y ago
In the US, Everbank offers accounts in several currencies.
eigenvector 14y ago
You can open US dollar accounts in Canada.
spindritf 14y ago
In Poland you can easily open an account in USD and EUR in pretty much every major bank, even virtual ones. CHF and GBP are also popular. There are no special requirements, but wire transfers not in PLN tend be much more expensive (though there are limits on costs of transfers in EUR within EU).

by forinti 14y ago

to3m 14y ago

You can open dollar and euro accounts in the UK. Don't know if it gets any more niche than that (aside from being able to open accounts in £ ;).

_delirium 14y ago

I believe it's the rule in the U.S. as well; deposit accounts must be in dollars. Several American banks offer business accounts that let you maintain multiple currencies, but they do so by storing (on paper) the other currencies in the care of a foreign branch (see the asterisk note at the bottom of Wells Fargo's info: https://www.wellsfargo.com/com/international/businesses/accounts/multi-currency https://www.wellsfargo.com/com/international/businesses/acco...).

rprasad 14y ago
It's not the rule in the U.S. that deposits must be in dollars. (Most banks will let you open up foreign-currency accounts...they just charge more. A lot more.) However, foreign currency-denominated accounts are subject to yearly gain/loss recognition as the value of the foreign currency changes compared to the dollar. This could potentially trigger income taxes on the unrealized gain, effectively (and usually) reducing or eliminating any interest earned. It's also a PITA for banks to deal with the compliance paperwork.

babblefrog 14y ago

In the US, Everbank offers accounts in several currencies.

eigenvector 14y ago

You can open US dollar accounts in Canada.

spindritf 14y ago

In Poland you can easily open an account in USD and EUR in pretty much every major bank, even virtual ones. CHF and GBP are also popular. There are no special requirements, but wire transfers not in PLN tend be much more expensive (though there are limits on costs of transfers in EUR within EU).