Comments on: Online Banking and Currency Diversity

By: Laptop Computer WebLog » Blog Archive » Foreign Exchange Summit

Laptop Computer WebLog » Blog Archive » Foreign Exchange Summit — Sun, 29 Jul 2007 23:23:01 +0000

[...] Online Banking and Currency Diversity I am not yet an expert in foreign currency accounts and would like the advice of you … Thanks for visiting!SEOBlackHat.com had an interesting, off-topic post today on Online Banking and Currency … http://seoblackhat.com/2007/07/10/online-banking-and-currency-diversity/ [...]

By: m1t0s1s

m1t0s1s — Wed, 18 Jul 2007 15:10:45 +0000

Be careful, that's a phishing link. Not. LOL.

By: patung

patung — Sun, 15 Jul 2007 10:29:09 +0000

Why not just stay with HSBC if you like them? They have both euro and sterling accounts (they are a British bank after all), not Australian dollar though (which I think is the currency speculators favourite). Don’t know if there any legal issues there for US residents, I’m with offshore.

By: ianem

ianem — Fri, 13 Jul 2007 13:51:36 +0000

Everbank and ingdirect are both average, or even poor options. Ingdirect doesn’t solve the currency exposure, and a CD is illiquid and only one currency at some irrelevant amount to you. Why not be able to flip your money into one of 30 currencies live, at any amount, earn 5%+ on your balance, and even more when holding in other currencies. You can easily do this. Email me something cool and I’ll walk you through it.

By: werty

werty — Thu, 12 Jul 2007 01:54:50 +0000

ING (www.ingdirect.com) gives 5.25% on their checking account (orange direct) when you have 50k there. I think 5.3% after 100k. I think there are no fees, you get an ATM card, can write checks, etc.

By: Vagabondish | Seeking Advice From Travelers: Currency Diversity

Vagabondish | Seeking Advice From Travelers: Currency Diversity — Tue, 10 Jul 2007 16:05:36 +0000

[...] If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!SEOBlackHat.com had an interesting, off-topic post today on Online Banking and Currency Diversity. My interest is more in the latter. As an American who’s sat idly by, watching the U.S. dollar fall into the worst tailspin in recent memory, the article started me thinking on whether or not it’d be a good idea to open an international account in, say, British pounds, Euros, etc. [...]

By: elroy

elroy — Tue, 10 Jul 2007 14:36:41 +0000

For US citizens, Everbank is very good when it comes to deposit accounts and CDs in foreign currencies. They just bought NetBank which has been a big name in the online banking scene for quite a while.

I don’t know much about the tax implications, but your other 4 considerations are thoroughly met.

http://www.everbank.com/001WorldCurrency.aspx?LinkID=Navigation

By: chris86

chris86 — Tue, 10 Jul 2007 14:15:05 +0000

I can suggest Everbank’s Foreign Currency CD’s. Also, their “WorldCurrency Access Deposit Accounts” allow you to earn interest in the currency of your choice and transfer $$ between USD and foreign currencies. http://Everbank.com

I’m not sure I would put money into the British pound, but the Euro is a good idea. The Euro has risen substantially against the dollar and the trend will likely continue. The Canadian dollar (loonie) is another currency you might want to consider, instead of the British pound. The Canadian government is running a budget surplus.