Reply to paying in Great British Pounds now / converting given currency fluxuation

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Is it hard for Americans to open bank accounts in Britain as a non-citizen, non-resident?[/quote]

Yes, very hard. In fact it’s hard to open an account even if you are a resident. I doubt you’ll be able to do this at all. Any fraud rules are very strong in the UK and the banks have to report everything.[/quote]

Have you not heard of borderless banking? Just open Revolut Account. In Europe most landlords or restaurants will actually say just Revolut me. Literally. For instance I was in Ireland last summer and the majority of population is on Revolut.

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I was just in the UK last week and no one has heard of it. I am also British which means European and don’t know what you are talking about. It’s certainly not a verb in the UK.[/quote]

I just looked this up Revolut is not a bank it’s an e-money company offering digital banking services. This means you don’t have the protection of a bank.[/quote]

Not true at all. MCB bank holds the funds. You have FDIC insurance. Revolut is just the mechanism to move funds the actual funds sits at an FDIC insured bank.

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Not only it true but your response confirms it. Revolut is NOT a bank.[/quote]

Your money is at a bank. If you were concerned for safety use SWIFT to send money to Europe . Ok Grandpa just send a fax to your credit union and pay a wire fee [/quote]

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