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Sam
18-06-2012, 09:37 PM
Is it possible to open an american bank account from over here in the UK?

The reason why I'm asking is my dad receives a cheque 4 times a year from Esso who he used to work for but they send it from the USA and its in dollars. To pay it into his account with Lloyds Bank will cost him 40.

Is it possible to open an US bank account from here? Or alternatively does anyone know any bank or building society here that wouldn't charge so much for him to deposit it into his account? What he really wants to do is pay it into the bank and get the dollars straight back out again ready for our trip to Disney next year, but of course that's not possible without the 40 charge. :unsure:

Britchick
18-06-2012, 09:54 PM
You can I think but not sure if they charge a monthly fee :unsure: a few years ago we cashed a US cheque with Barclays and it was only 8

Johnie
18-06-2012, 10:10 PM
Most US banks charge a fee unless you keep a certain minimum $ amount in the account. Credit unions don't but you typically have to work somewhere that offers that membership (I work for the state so I get a membership at our credit union).



I'm sorry I'm not more of a help :-( that's a crazy amount of money though

Tink
19-06-2012, 12:30 AM
There are actually a number of credit union type banking institutions that no longer require membership in a group to join. They require a simple deposit usually (at least any I've ever joined) of about $5 or so. You need to keep that amount in there, and then go from there. Insight is one. McCoy is another, and Fairwinds is another...

I don't know how it would work to open an account from the UK though.

Johnie
19-06-2012, 12:54 AM
There are actually a number of credit union type banking institutions that no longer require membership in a group to join. They require a simple deposit usually (at least any I've ever joined) of about $5 or so. You need to keep that amount in there, and then go from there. Insight is one. McCoy is another, and Fairwinds is another...

I don't know how it would work to open an account from the UK though.

That's good to know :thumbsup:

foreverducky
19-06-2012, 10:08 AM
I think you will need to be there in person to open an account. I say this, as I have not been able to open account being in another state. Every bank says we need to see you, before they will open an account.

While it's frustrating, i understand with identity theft, how opening the account in person is a good thing.

uscwest
19-06-2012, 10:48 AM
You may want to try ingdirect.com. I don't know if they will handle overseas accounts or not though. You may need to contact them at the email address they provide to ask.

Slowhand
19-06-2012, 01:45 PM
I think you will need to be there in person to open an account. I say this, as I have not been able to open account being in another state. Every bank says we need to see you, before they will open an account.



Actually we opened a US bank account from here in the UK when we took out our mortgage on our villa in Orlando without having to actually visit the bank. From memory, all we had to do was to submit a photostat copy of our passports along with some other items....utility bills I think. :unsure:

Having a US bank account is great for us Brits who make regular trips to the States as we don`t have to think about the currency exchange rate.
It just takes a bit of careful planning to top up the account from here when the 1 is on a high.

So long as I keep a minimum amount in the account, I don`t get any charges, and I mainly only use the account nowadays for withdrawing a few $$$`s in cash, and writing out an occasional cheque...apart from paying the utilities on our villa of course which is all done on line.

Sam
19-06-2012, 02:41 PM
Actually we opened a US bank account from here in the UK when we took out our mortgage on our villa in Orlando without having to actually visit the bank. From memory, all we had to do was to submit a photostat copy of our passports along with some other items....utility bills I think. :unsure:

Having a US bank account is great for us Brits who make regular trips to the States as we don`t have to think about the currency exchange rate.
It just takes a bit of careful planning to top up the account from here when the 1 is on a high.

So long as I keep a minimum amount in the account, I don`t get any charges, and I mainly only use the account nowadays for withdrawing a few $$$`s in cash, and writing out an occasional cheque...apart from paying the utilities on our villa of course which is all done on line.

Which bank is it you use?

I'll try the other suggestions too, thanks everyone the advice is much appreciated.

Slowhand
19-06-2012, 02:44 PM
Which bank is it you use?


I`m with Regions bank Sam.

They have a convenient branch near to our villa close by Champions Gate, and I`ve always had great courtesy and service from them on the few occasions that I have had to call in. :yes:

Sam
19-06-2012, 04:23 PM
I`m with Regions bank Sam.

They have a convenient branch near to our villa close by Champions Gate, and I`ve always had great courtesy and service from them on the few occasions that I have had to call in. :yes:


:thankyou:

Tink
20-06-2012, 08:20 AM
Good to know about Regions, Slowhand. We're looking for another local bank (not happy with Wells Fargo, who bought out Wachovia). We like smaller, local style banks instead of the massive money sucking conglomerates that most banks become (or are).

Slowhand
20-06-2012, 11:24 AM
Good to know about Regions, Slowhand. We're looking for another local bank (not happy with Wells Fargo, who bought out Wachovia). We like smaller, local style banks instead of the massive money sucking conglomerates that most banks become (or are).
Yeah, I guess all banks are tarred with the same brush Tink.
I can only say that I have no complaints with Regions [they used to be called AMSouth until a few years ago...I think they were taken over at the time.
As I say "Large enough to matter, yet small enough to care."