All about dollar bank accounts

Dollar bank accounts can quickly become an essential financial product if you live, work or frequently travel abroad. This type of international bank account holds your cash in dollars rather than sterling, resulting in a host of benefits that can help you to save both time and money.

With a dollar account, you can avoid the problems that are associated with fluctuating currencies and foreign exchange rates and have an easy, stress-free way to access and manage your finances. If you open a dollar bank account with Lloyds TSB International, you'll be able to reap these benefits and more besides, as they offer a range of extras and discounts with your dollar account to give you the best deal.

What can dollar bank accounts do for me?

There are numerous benefits associated with dollar bank accounts, depending on how you want to use them. If you already spend lengthy periods of time in the US or other countries where the dollar is used, you will already be aware of the problems and charges that can arise when it comes to making and receiving payments in different currencies.

With a dollar bank account, you can eliminate many of these issues because you won't have to convert sterling into dollars in order to manage your finances. This means that you can save on the charges that tend to be associated with converting currency - including withdrawals from cash machines, as you'll receive a debit card that does not charge for taking out money in dollars.

Moreover, you'll find it much easier to keep your UK and foreign financial affairs separate from each other and you won't have to learn the automatic habit that many expats have of converting currency in your head whenever you want to buy something.

Another advantage of opening a dollar account is the fact that while you're abroad, you'll be able to deal with a bank that you trust and are familiar with. This can make it significantly easier to communicate with your bank and resolve any problems that may arise concerning your finances while you're overseas.

Dollar bank accounts at Lloyds TSB International

Lloyds TSB International offer a Premier International Account that enables you to deposit your cash in dollars while offering a host of extras in return. You can take advantage of an introductory interest rate offer for the first few months to make your money work as hard as possible for you.

They also provide perks such as worldwide family travel insurance - whether you holiday alone or together - and customer support that is available 24 hours a day every day of the week. Whether you choose to bank online or by phone, you can do just that round the clock through comprehensive internet and phone banking services.

And if you hold more than £100,000 with Lloyds TSB International, you can get benefits such as discounts on Priority Pass airport lounge access, international mortgage service arrangement fees and our Relationship Manager Service for expert advice on your financial needs.

With so many advantages to having a dollar account, there are few reasons why you should settle for the expense of maintaining a sterling account while you're staying in a country that has a completely different currency.

If you are interested in opening a dollar bank account with Lloyds TSB International, get in touch with them today to learn more about what they can do for you. To find out more, visit Lloyds TSB International.