Dollar Bank Accounts | moneyfacts.co.uk

What are Dollar bank accounts?

As the name implies, a dollar bank account allows you to bank in dollars rather than the usual pounds sterling. This can be very useful for those who want to send and receive payments in dollars, including those who travel frequently to the US or are considering a move there.

Select from the filters to refine your results and find what you are looking for Show
Select from the filters to refine your results and find what you are looking for:

  • Santander International Logo
    Santander International Island Gold Bank Account Depositor Protection logo
    Depositor Protection logo
    AER
    0.10%
    Account Type
    Offshore Current
    Notice / Term
    Instant
    Interest Paid
    Quarterly
    Opening Account
    Not Available Online Available At Branch Available By Mail Available By Telephone Not Available By Mobile
    Managing Account
    Available Online Available At Branch Available By Mail Available By Telephone Not Available By Mobile
    Rates
    Access
    Information
    Opening Criteria
    Additional Information

    Rates

    Rate 0.10% paid at $1, 0.25% paid at $75K, 0.35% paid at $1M
    AER 0.10% paid at $1, 0.25% paid at $75K, 0.35% paid at $1M
    Interest Paid Quarterly
    Interest payment Interest must be compounded
    Min Opening Amount US$0
    Max Investment US$0
    Introductory bonus N/A

    Access

    Withdrawals Allowed
    Early Access Allowed
    Access Note
    N/A
    Further Additions Allowed

    Information

    Min Age 18
    Max Age 0
    Taxation
    N/A

    Opening Criteria

    Channel Island residents and/or Isle of Man residents

    Additional Information

    N/A
  • Royal Bank of Canada (CI) Logo
    Royal Bank of Canada (CI) Executive Plus Account Depositor Protection logo
    Depositor Protection logo
    AER
    0.00%
    Account Type
    Offshore Current
    Notice / Term
    Instant
    Interest Paid
    Monthly
    Opening Account
    Available Online Available At Branch Available By Mail Available By Telephone Not Available By Mobile
    Managing Account
    Available Online Available At Branch Available By Mail Available By Telephone Not Available By Mobile
    Rates
    Access
    Information
    Opening Criteria
    Additional Information

    Rates

    Rate 0.00% paid at $1
    AER 0.00% paid at $1
    Interest Paid Monthly
    Interest payment Interest can be paid away or compounded
    Min Opening Amount US$0
    Max Investment US$0
    Introductory bonus N/A

    Access

    Withdrawals Allowed
    Early Access Allowed
    Access Note
    N/A
    Further Additions Allowed

    Information

    Min Age 18
    Max Age 0
    Taxation
    N/A

    Opening Criteria

    Channel Island residents, Expatriate, Gibraltar residents, Isle of Man residents and/or UK residents

    Additional Information

    N/A
  • Barclays Bank Logo
    Barclays Bank International Bank Account Depositor Protection logo
    Depositor Protection logo
    AER
    0.00%
    Account Type
    Offshore Current
    Notice / Term
    Instant
    Interest Paid
    Quarterly
    Opening Account
    Not Available Online Not Available At Branch Not Available By Mail Available By Telephone Not Available By Mobile
    Managing Account
    Available Online Available At Branch Available By Mail Available By Telephone Not Available By Mobile
    Rates
    Access
    Information
    Opening Criteria
    Additional Information

    Rates

    Rate 0.00% paid at $1
    AER 0.00% paid at $1
    Interest Paid Quarterly
    Interest payment Interest can be paid away or compounded
    Min Opening Amount US$0
    Max Investment US$0
    Introductory bonus N/A

    Access

    Withdrawals Allowed
    Early Access Allowed
    Access Note
    N/A
    Further Additions Allowed

    Information

    Min Age 18
    Max Age 0
    Taxation
    N/A

    Opening Criteria

    Channel Island residents, Expatriate, Gibraltar residents, Have to qualify for International Bank or Private Bank, Isle of Man residents and/or UK residents

    Additional Information

    N/A
  • HSBC Expat Logo
    HSBC Expat Premier Bank Account Depositor Protection logo
    Depositor Protection logo
    AER
    0.00%
    Account Type
    Offshore Current
    Notice / Term
    Instant
    Interest Paid
    Monthly
    Opening Account
    Available Online Not Available At Branch Available By Mail Available By Telephone Not Available By Mobile
    Managing Account
    Available Online Not Available At Branch Available By Mail Available By Telephone Available By Mobile
    Rates
    Access
    Information
    Opening Criteria
    Additional Information

    Rates

    Rate 0.00% paid at $5K
    AER 0.00% paid at $5K
    Interest Paid Monthly
    Interest payment Interest must be compounded
    Min Opening Amount US$5,000
    Max Investment US$0
    Introductory bonus N/A

    Access

    Withdrawals Allowed
    Early Access Allowed
    Access Note
    N/A
    Further Additions Allowed

    Information

    Min Age 18
    Max Age 0
    Taxation
    N/A

    Opening Criteria

    Linked Product (Funded): Premier Banking Customers only (criteria of £50K or equivalent to invest) and/or Locational. Customers must meet residency criteria

    Additional Information

    N/A
  • Lloyds Bank International Logo
    Lloyds Bank International Premier International Current Account Depositor Protection logo
    Depositor Protection logo
    AER
    0.00%
    Account Type
    Offshore Current
    Notice / Term
    Instant
    Interest Paid
    Monthly
    Opening Account
    Available Online Not Available At Branch Available By Mail Available By Telephone Not Available By Mobile
    Managing Account
    Available Online Not Available At Branch Available By Mail Available By Telephone Not Available By Mobile
    Rates
    Access
    Information
    Opening Criteria
    Additional Information

    Rates

    Rate 0.00% paid at $1
    AER 0.00% paid at $1
    Interest Paid Monthly
    Interest payment Interest must be compounded
    Min Opening Amount US$0
    Max Investment US$0
    Introductory bonus N/A

    Access

    Withdrawals Allowed
    Early Access Allowed
    Access Note
    N/A
    Further Additions Allowed

    Information

    Min Age 18
    Max Age 0
    Taxation
    N/A

    Opening Criteria

    Locational. Customers must meet residency criteria which will be discussed at point of application. and/or Must invest £100K (or currency equivalent) or have a salary of £100K

    Additional Information

    N/A
  • Santander International Logo
    Santander International Gold Bank Account Depositor Protection logo
    Depositor Protection logo
    AER
    0.00%
    Account Type
    Offshore Current
    Notice / Term
    Instant
    Interest Paid
    Quarterly
    Opening Account
    Not Available Online Available At Branch Available By Mail Available By Telephone Not Available By Mobile
    Managing Account
    Available Online Available At Branch Available By Mail Available By Telephone Not Available By Mobile
    Rates
    Access
    Information
    Opening Criteria
    Additional Information

    Rates

    Rate 0.00% paid at $1, 0.35% paid at $1M
    AER 0.00% paid at $1, 0.35% paid at $1M
    Interest Paid Quarterly
    Interest payment Interest must be compounded
    Min Opening Amount US$0
    Max Investment US$0
    Introductory bonus N/A

    Access

    Withdrawals Allowed
    Early Access Allowed
    Access Note
    N/A
    Further Additions Allowed

    Information

    Min Age 18
    Max Age 0
    Taxation
    N/A

    Opening Criteria

    Expatriate, Gibraltar residents and/or UK residents

    Additional Information

    N/A
  • Standard Bank Logo
    Standard Bank Optimum Account Depositor Protection logo
    Depositor Protection logo
    AER
    0.00%
    Account Type
    Offshore Current
    Notice / Term
    Instant
    Interest Paid
    Quarterly
    Opening Account
    Available Online Not Available At Branch Available By Mail Available By Telephone Not Available By Mobile
    Managing Account
    Available Online Not Available At Branch Available By Mail Available By Telephone Available By Mobile
    Rates
    Access
    Information
    Opening Criteria
    Additional Information

    Rates

    Rate 0.00% paid at $6K
    AER 0.00% paid at $6K
    Interest Paid Quarterly
    Interest payment Interest can be paid away or compounded
    Min Opening Amount US$6,000
    Max Investment US$0
    Introductory bonus N/A

    Access

    Withdrawals Allowed
    Early Access Allowed
    Access Note
    N/A
    Further Additions Allowed

    Information

    Min Age 18
    Max Age 0
    Taxation
    N/A

    Opening Criteria

    Channel Island residents, Expatriate, Gibraltar residents and/or Isle of Man residents

    Additional Information

    N/A
  • Lloyds Bank International Logo
    Lloyds Bank International International Current Account Depositor Protection logo
    Depositor Protection logo
    AER
    0.00%
    Account Type
    Offshore Current
    Notice / Term
    Instant
    Interest Paid
    Monthly
    Opening Account
    Available Online Not Available At Branch Available By Mail Available By Telephone Not Available By Mobile
    Managing Account
    Available Online Not Available At Branch Available By Mail Available By Telephone Not Available By Mobile
    Rates
    Access
    Information
    Opening Criteria
    Additional Information

    Rates

    Rate 0.00% paid at $1
    AER 0.00% paid at $1
    Interest Paid Monthly
    Interest payment Interest must be compounded
    Min Opening Amount US$0
    Max Investment US$0
    Introductory bonus N/A

    Access

    Withdrawals Allowed
    Early Access Allowed
    Access Note
    N/A
    Further Additions Allowed

    Information

    Min Age 18
    Max Age 0
    Taxation
    N/A

    Opening Criteria

    Must invest £25K (or currency equivalent) or have a salary of at least £50K

    Additional Information

    N/A
Note

Eligible deposits with offshore banks are protected by a relevant compensation scheme. More information is available at: https://alpha.moneyfacts.co.uk/savings-and-isas/guides/depositor-protection-schemes-what-would-happen-if-a-bank-goes-bust/

Disclaimer

All rates subject to change without notice. Please check all rates and terms before investing or borrowing.

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What are the best dollar bank accounts?

Dollar bank accounts

Dollar bank accounts are a popular banking solution for US nationals who are living and working in the UK and abroad, but they are also suitable for anyone who will be paid in dollars or who owns businesses or properties in the US. What you consider to be the ‘best’ dollar accounts will depend very much on what you need – however, finding your ideal dollar bank account is much easier using our handy comparison table.

Please note, Dollar accounts cannot be opened in the US by UK residents as often they will require the account holder to be a US legal resident and have a local social security number. Offshore dollar accounts help to plug this hole and enable those who are eligible to run an account in dollars and cents.

How our best dollar bank accounts comparison works

At the top of the charts you’ll find dollar bank accounts from providers where you can apply directly via their website. Doing this is easy: just click on the button marked ‘Go To Provider’s Site’ and you can either apply there and then or look for more information. Under these results you’ll see offers from a host of other providers – again, our comparison chart makes it easy to see what benefits are being offered for each product.

How to choose the best dollar bank accounts for you

Choosing a new dollar bank account doesn’t have to be difficult – in fact, we’ve tried to make it as easy as possible. As with any financial decision it’s best to take your time – weigh up what benefits each account is offering and which is the better fit for your needs. It might be tempting to simply opt for the account that pays the best rate of interest, but in doing so you might miss another product that has valuable added benefits.

Moneyfacts also compares the best bank accounts for Euros. Learn more and discover of variety of accounts today. 

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