Source
r/personalfinance•
systeml

Looking for an international bank

Saving

For my business, I need to be able to accept Hong Kong Dollar wire transfers, and SEPA transfers in USD and Euro. And then convert those into USD, and write checks in the US. The lower the fees, the better.

Is an "international bank account" what I need? Should I go with HSBC, or another company?

Should I instead travel to Hong Kong and Europe, and set up local bank accounts there?

Any help is appreciated. My research is only making me more confused.

Posted Apr 19, 2017, 10:00 AM UTC

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yes_its_himWiki Contributor•

Citibank does a lot of international business, so might be worth a look, too.

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bmwonway•

except HSBS you may go with Barclays, talk to their customer team along with your requirement. There is always customization solution for business professionals if having good amount of transaction.

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systemlOP•

On the Barclays site: "these products and services are not being offered ... to US residents." :(

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bmwonway•

Talk to their team through Chat - or try bank of america, jpmorgan chase & co.

0
Its_me_not_caring•

This doesn't have to be an international bank, but rather a bank that targets customers who need that sort of service.

For instance HSBC has a very fragmented structure and different part of their businesses do not seem to have that much in common - for instance having HSBC account in UK and in another country does not offer any synergies whatsoever.

So while I do not have any particular bank to point out I would recommend looking beyond the biggest banks and into smaller specialised business banks.

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