1. InGearX's Avatar
    are there any US banks that offer holding in various currencies? (in Japan this is by default - due to historically very low interest rates for the JPY Yen)

    * what are other options (eg opening a bank account in that country.. too high of a maintenance)

    * or what online service let people do this?

    I noticed that PayPal has such currency option but it has a ridiculously high conversion rate (fee) - 2.5% loss on any transaction

    https://www.paypal-community.com/t5/...uro/td-p/67145

    said by PayPal: :
    $10,000 USD is 7,216.10 EUR
    PayPal exchange rate:
    1 USD = 0.721610 EUR
    said by google rate :
    10000 US Dollar equals
    7389.34 Euro
    that's a loss of 173 Euro or $234 USD :/

    any advice?
    12-02-13 01:43 AM
  2. pkcable's Avatar
    are there any US banks that offer holding in various currencies? (in Japan this is by default - due to historically very low interest rates for the JPY Yen)

    * what are other options (eg opening a bank account in that country.. too high of a maintenance)

    * or what online service let people do this?

    I noticed that PayPal has such currency option but it has a ridiculously high conversion rate (fee) - 2.5% loss on any transaction

    https://www.paypal-community.com/t5/...uro/td-p/67145

    said by PayPal: :


    said by google rate :


    that's a loss of €173 Euro or $234 USD :/

    any advice?

    Some of the larger national banks here can do that such as Bank of America, TD Bank, and HSBC to name a couple.
    12-03-13 02:53 PM

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