Will a British bank allow a British citizen an account denominated in U.S. dollars?
- By
- Aparna Patel
- |
- 10 Aug, 2023
- |
Most banks will open an account in a major currency, however for travel purposes you’re better off with getting an account in a “virtual” bank, such as Revolut. You apply online, receive a card through the mail and then convert your money to USD using interbank rates or directly top-up USD – either through an existing bank card or via wire transfer. No fees, no charges – unlike what you will usually see with UK banks when attempting to spend your money abroad.
Revolut is technically a British bank, so the answer is yes – it’s possible.
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Credit:stackoverflow.com‘
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