DaffyD73
Joined: 28 Nov 2007
Location: Planet Earth on the left
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 Posted: Tue Jul 08, 2008 7:52 pm Post subject: Foreign currency bank accounts - a little question |
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Hi all,
Just wondering how they work?
If you were to say get a USD account - could you deposit USD in and withdraw USD's out of your account ( i mean physically, not like give them Won and they convert it then put in your account).
Just wondering as i have in the past converted Won to USD cash because it was a good rate (won strong/dollar weak) and then when the rate reversed convert the USD back to Won. Only prob was holding that value in cash would prefer it in the bank.
i'm a kiwi so I don't have a US bank acount, and with the Kiwi rate the way it is and the fact that when transfering home we 1st change won- USD then USD to NZD - might be a good idea but my work hours hinder investigating this, hence the question.
Also which banks have the best deal in regards to this. |
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