USA Dollar accounts?

Question

Folks,
My lady says "this year I would like to venture to the USA and see Mickey Mouse" so I says okey dokey, we better save up then.

Chap in work says to me "why dont you open an american dollar account"

Not a clue what he on about, just nodded and said its a good idea.

So anyone done or got one of these?
Can I / we open a US Dollar saving account or such like and sick in english £'s and they be instantly translated into the good auld $ ?

CHeers folks

Answer 1

Not much point in you doing that for one trip.

your credit card used in USA will be converted to GBP when the bill is sent to you.

Just takes a few hundred in US cash (20's, 5's, and 1's ) for incidentals and use your credit card when you are there (get it from your bank)

you can take travellers cheques but, credit cards are better

Answer 2

You can open a dollar account in the U.S. but you probably won't get a debit card for a savings account. The GDP is much stronger than the dollar, so you shouldn't have any problems just using your regular UK cards in the US. Also, you can't just stick in GDPs into the account. You have to make the deposit in US money. Or in the alternative, wire the money from the UK to the US, which of course will cost $ plus whatever the exchange rate it.

Answer 3

if your not going to use it after this trip then there is no reason to do that, u could save up money in your own account and then convert it to us dollars, use you also use a credit card, or travelers checks