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US Dollar Bank account

Posted by Hfcp Hfcp
Message 1 of 4 2,176 Views
does BankWest offer a US dollar business bank account? Ie holds USD and can transfer funds to and from other accounts.
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Re: US Dollar Bank account

[ Edited ]
Posted by SarahF SarahF
Message 2 of 4 2,174 Views

Hi @Hfcp, thanks for the question. You can view details on our Foreign currency account options here: http://www.bankwest.com.au/business/products/international/foreign-currency-accounts and call our team on 1300 488 588 to apply. Thanks!

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Re: US Dollar Bank account

Posted by Moby935 Moby935
Message 3 of 4 801 Views

Hello.

 

I have a personal Account at Bankwest and I am receiving currency typically in EUR and USD - can I open a EUR or USD Account in my personal name or linked to my existing Bankwest Account?

 

The amount/s received will be above 20.0K.  And yes I do realise that eventually for tax planning we should set up a Pty Ltd and then set up a new corporate Account at Bankwest - but at the moment I prefer the personal approach.

 

Thank you.

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Re: US Dollar Bank account

Posted by LyndsC LyndsC
Message 4 of 4 799 Views

Hi @Moby935, we don't have an option for personal accounts in foreign currency. A foreign currency account can only be opened by a business. Thanks.

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