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I'm in Belgium, and have USD 'currency compartments' on bank accounts with several banks. They're free, and I have set them up so all USD payments automatically

by Luc 18y ago

I'm in Belgium, and have USD 'currency compartments' on bank accounts with several banks. They're free, and I have set them up so all USD payments automatically go into the USD compartment. I can then use the USD to pay foreign contractors without incurrent the exchange cost (and risk). The compartment isn't a separate account from my normal EUR accounts, it's some extra numbers added at the end. I realize this may not apply to your situation since you're an antipode, but it gives you an idea what's possible...

jacques_chester 18y ago
Which bank are you with? They may have an Australian partner / subsidiary / branch.
- Luc 18y ago
  Dexia and ING
  - jacques_chester 18y ago
    Thanks. Doesn't look like Dexia operate here and ING don't offer the foreign-currency merchant services I need.
    - Luc 18y ago
      Okay, but it's actually every bank in Belgium that offers this, it's not exclusive to these two. Sorry, not very helpful as such.