From: usenet@isbd.co.uk
Newsgroups: uk.finance
Subject: Re: Dollar bank account - costs to/from USA?
Date: 21 May 2005 21:13:19 GMT

john boyle  wrote:
> In message <3f6tneF6c1q6U1@individual.net>, usenet@isbd.co.uk writes
> >> what it is supposed to do)
> >
> >So it's quite unlike a Euro account then?
> >
> >You are saying that if I open a USD account it's basically like any US
> >citizen's account in the US and I can receive payments by cheque and
> >make them much as they would (with similar charges of, hopefully, less
> >than a dollar per transaction).
> 
> I am not up to date on the current charges, but you certainly wont incur 
> the transmission and exchange costs. I would expect a charge for sending 
> the cheque back to the states, thats all.
> >
> >A Euro account opened at HSBC (or anywhere similar) is not like this
> >at all (as I understand things at the moment).
> >
> 
> Perhaps you can explain further. In my day the Euro didnt exist!
> 
If one opens a Euro account at a UK bank and then sends a cheque drawn
on that account to someone in Europe where Euros are the local
currency you will still incur the £10 to £20 charge for an
international transfer.

I was wondering if this is true for a dollar account vis-a-vis the
USA.


-- 
Chris Green - at home