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Dollar bank accounts explained

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.

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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:

Royal Bank of Canada (CI) Logo
Royal Bank of Canada (CI) Executive Plus Account Depositor Protection logo
Depositor Protection logo
AER
1.33%
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 Restrictions
Additional Information

Rates

Rate 1.326% paid at $1
AER 1.33% 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 Restrictions

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

Additional Information

N/A
Santander International Logo
Santander International Island Gold Bank Account Depositor Protection logo
Depositor Protection logo
AER
0.75%
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 Restrictions
Additional Information

Rates

Rate 0.75% paid at $1, 1.00% paid at $75K
AER 0.75% paid at $1, 1.00% paid at $75K
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 Restrictions

Channel Island residents and/or Isle of Man residents

Additional Information

N/A
Nedbank Private Wealth Logo
Nedbank Private Wealth Focus Depositor Protection logo
Depositor Protection logo
AER
0.25%
Account Type
Offshore Current
Notice / Term
Instant
Interest Paid
Monthly
Opening Account
Not Available Online Available At Branch Available By Mail Not 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 Restrictions
Additional Information

Rates

Rate 0.25% paid at $7.5K
AER 0.25% paid at $7.5K
Interest Paid Monthly
Interest payment Interest must be compounded
Min Opening Amount US$7,500
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 Restrictions

Channel Island residents, Expatriate, Gibraltar residents, 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 Restrictions
Additional Information

Rates

Rate 0.00% paid at $10K
AER 0.00% paid at $10K
Interest Paid Monthly
Interest payment Interest must be compounded
Min Opening Amount US$10,000
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 Restrictions

Linked Product (Funded): Premier Banking Customers only (criteria of £60K or equivalent to invest)

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 Restrictions
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 Restrictions

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 Restrictions
Additional Information

Rates

Rate 0.00% paid at $1, 0.50% paid at $75K, 1.00% paid at $1M
AER 0.00% paid at $1, 0.50% paid at $75K, 1.00% 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 Restrictions

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 Restrictions
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 Restrictions

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 Restrictions
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 Restrictions

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

Additional Information

N/A
Barclays Wealth and Investment Management Logo
Barclays Wealth and Investment Management International Bank 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 Not Available By Mail Available By Telephone Not Available By Mobile
Managing Account
Available Online Available At Branch Available By Mail Available By Telephone Available By Mobile
Rates
Access
Information
Opening Restrictions
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 Restrictions

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
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 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.

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.

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