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Reply to "Has anyone used Wise for foreign currency?"
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[quote=Anonymous][quote=Anonymous]Thanks everyone, this was really helpful! I will look into Revolut. Someone in another thread mentioned opening an account at HSBC in UK, but I don't have a justification other than "[b]diversifying[/b]" so I'm not sure the account would be approved. The PP above makes it sound like a foreign account would be difficult to manage anyway. If anyone else has ideas or suggestions, I'm all ears![/quote] You mean investing. That's an acceptable reason, but as PP said, money laundering rules imposed by force from the US have foreign banks in a stranglehold. Good luck finding a foreign bank ready to welcome you. You're correct that the UK might be a good bet, and HSBC has an excellent track record of caring for its international clients. I inquired of UBS (in another country) and they wanted 5M min deposit for the hassle of dealing with me :-) [/quote]
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