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Which Bank is best for this job?

Discussion in 'General Investing Discussion' started by INDIGO76, 1st Apr, 2011.

  1. INDIGO76

    INDIGO76 New Member

    Joined:
    1st Apr, 2011
    Posts:
    1
    Location:
    SA
    Hi,

    I buy and sell in USD. (EDIT; I live in Australia.)
    Instead of going through two lots of currency conversion fees I have decided to open a Foreign Currency Account.

    The account needs to receive USD and to send USD.
    I estimate I would make about 5000USD worth of purchases and the same amount in sales/month.

    Instead of going to the first bank and opening a Foreign Currency Account.
    I am wondering which would be the best bank for these particular needs.
    A combination of low fees/high interest rates I would assume.

    Can anyone point me in the right direction?

    Thanks