I have inherited some money from a relative in England. I don't have an account in England into which to deposit the money. Is there a way to move the money to the U.S. without exchanging it to dollars, as the exchange rate is not great right now. I would like to have the account in the US with English Pounds. Are there banks that will do that?
Untitled
Your average community bank deals in US dollars and doesn't have the systems capabilities to handle multiple currencies in an account. You might be able to call a large bank and ask if they offer this service, but you may have no success. Think about biting the bullet of the currency conversion and getting those funds in an interest bearing account in your bank, or in taking a vacation to England and spending it personally.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
Your average community bank deals in US dollars and doesn't have the systems capabilities to handle multiple currencies in an account. You might be able to call a large bank and ask if they offer this service, but you may have no success. Think about biting the bullet of the currency conversion and getting those funds in an interest bearing account in your bank, or in taking a vacation to England and spending it personally.
