USD Accounts

USD Accounts Oct 5, 2019 21:46:17 GMT via mobile

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Post by StarboyX on Oct 5, 2019 21:46:17 GMT

Oct 4, 2019 12:34:15 GMT wback said:

Guys,

For those who aren't domiciled in the US i.e. do not have USD$ accounts (I'm not from the US), do you have any recommendations/experience as to opening an offshore USD$ account?

I ask this as my Aramco pay can be split between the local Saudi Bank and also a USD$ account.

Many Thanks

In order to open offshore with HSBC or Barclays in jersey or isle of man, you need to provide both passport and your country's social insurance or social security number.

Between the two HSBC has lower rates and your offshore account can linked in HSBCs global transfer tool, linking all your global hsbc accounts under one unified dashboard.

Given the details required to open offshore, is it worth it?

No because banking details are shared your country of origin annually.

HSBC in Saudi is SABB and you can open multiple currency accounts.

Post by wback on Oct 4, 2019 12:34:15 GMT

Post by StarboyX on Oct 5, 2019 21:46:17 GMT