USD Account / Personal / Remotely / No Foreign Fees

[fshore]

Interactive Brokers account will do what you want and their fees for exchange are extremely cheap.
They don't like being used only for currency so maybe buy some ETFs with some of the money.

IB definitely requires proof of address.

 

[TheCryptoAnt]

You should better do the Fx transaction with a broker and then transfer the USD from it.
In Europe, Aion bank offers USD accounts.

do you know their stance on crypto?

 

[wellington]

I would like to convert some of my EUR savings into USD.

Therefore I am looking for a bank that fulfills the following requirements:
- account can be opened remotely
- offers USD as currency
- no SSN necessary (but I do have an ITIN)
- no US citizenship nor proof of address necessary
- no foreign currency fees - e.g. I can spend €100 and wouldn't pay any additional currency conversion fees
- you'd feel comfortable moving a 6-digit amount there
- generally reasonable fees
- support for Apple Pay or at least a credit card
- doesn't need to be a US bank but would be preferred

My preferred solution would be a brick and mortar bank like Capital 360 or Charles Schwab, but I forgot to go there in person the last time I was in the US and they don't do remote opening AFAICT.

I do have a Wise account, but they do charge conversion fees and I don't feel comfortable having such a high amount there. Same with Revolut and the other EMIs.
I don't think I am interesting enough as customer to go with Barclays International or Lloyds International, as I don't want to invest in their products and just move some money there which I then spend on my living expenses in another currency.

Do you have any other ideas?

bit late, USD will top out in the coming 6 months and then decline massively against other currencies.

 

[JohnnyDoe]

do you know their stance on crypto?

No crypto with them. But you can use Aion as an on-off crypto ramp through a personal iban account exchange (SwissBorg, Nebeus, crypto.com etc)

 

[JackAlabama]

Bahamas, Dominican Republic, another Caribbean island, Italy, Georgia


I just tried Guinea, no luck.

United Arab Emirates and Kenya work

 

[FixieHartmann]

bit late, USD will top out in the coming 6 months and then decline massively against other currencies.

Why would you think so?

I am actually not looking to speculate nor make a profit but simply cut all ties with the EU on an emotional level.

 

[denby]

Good evening,
I wanted to ask if someone can give me a link to be able to open a current account with Revolut Bank, thank you in advance.

 

[Martin Everson]

Good evening,
I wanted to ask if someone can give me a link to be able to open a current account with Revolut Bank, thank you in advance.

You use normal link for Revolut. Whether you are given an account at Revolut Bank or Revolut EMI depends on your residency. See below.

https://www.revolut.com/help/more/legal-topics/which-revolut-companies-provide-me-with-services