on 07-03-2018 04:41 PM
I have a personal Account at Bankwest and I am receiving currency typically in EUR and USD - can I open a new 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 - as in the 'crawl - walk -run' approach to business.
on 07-03-2018 04:51 PM
on 08-03-2018 09:29 AM
That's ok @Moby935, it was also posted here: https://forum.bankwest.com.au/t5/Business-Banking/US-Dollar-Bank-account/m-p/6988#M171
In answer to your question - 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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