A great option is the borderless multi-currency account from Wise. However, specialist providers do now exist to serve those who live a more international lifestyle. US high street banks often don’t offer foreign currency accounts to their customers. The good news is, you do have other options. Unfortunately, Bank of America doesn’t have any sort of multi-currency account available for customers. Bank of America multi-currency account basics If you need to make or receive regular international payments, a foreign currency account can help to manage the costs and fees incurred, and mitigate the risks involved with currency fluctuations. They’re especially useful for people studying or working abroad, those who draw an income from overseas, and entrepreneurs who need to pay staff and suppliers overseas. Travelling to Australia Austria Bangladesh Belgium Brazil Bulgaria Canada Chile China Colombia Croatia Cyprus Czech Republic Denmark Egypt Estonia Finland France Georgia Germany Greece Hong Kong Hungary India Indonesia Ireland Israel Italy Japan Kenya Latvia Liechtenstein Lithuania Luxembourg Malaysia Malta Mexico Monaco Morocco Nepal Netherlands New Zealand Nigeria Norway Pakistan Peru Philippines Poland Portugal Romania Russia San Marino Singapore Slovakia Slovenia South Africa South Korea Spain Sri Lanka Sweden Switzerland Thailand Turkey Ukraine Vietnam The UAE The UK The USįoreign currency accounts, also known as multi-currency accounts, allow customers to hold their balance in one or more currencies other than US dollars (USD).Life in Australia Austria Belgium Brazil Canada China Croatia Cyprus Czech Republic Denmark Finland France Germany Greece Hong Kong India Indonesia Ireland Israel Italy Japan Luxembourg Malaysia Malta Mexico Netherlands New Zealand Nigeria Norway Pakistan Peru Philippines Poland Portugal Russia Singapore South Africa South Korea Spain Sweden Switzerland Thailand Vietnam The UAE The UK The US.But if you're still trying to decide, there are ways to make up your mind. These are the three banks with the most branches around the US, so your pick may come down to which one has a location closest to your home. We've compared Bank of America to two other large national banks: Chase and Wells Fargo. If these issues bother you, you may prefer to use a different bank.
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