Revolut offers 26 currency accounts. USD is one of them.
The account itself will not based in the US (for the purposes of claiming non-domicile tax status: Account jurisdiction other than UK? . I am not your lawyer, financial advisor or accountant. Contact a FCA/FINRA-authorised advisor if you are interested in such advice.), however.
Personal USD ACH/ACA addresses are not available yet.
Thanks, So basically when i do the Swift transfert, the amount doesn’t get converted to GBP. i Mean the Lloyds acount in the picture is actually an USD account, in that case i’ll pay only for the BoF fees (which is suprisigly 45$ !!!) for a wire transfert. Am i right?
Depends on the amount you’re transferring involved.
USD<–International transfer–>USD<–Conversion via Revolut–>GBP under certain circumstances may be significantly cheaper due to Revolut exchanging it at the spot interbank exchange rate (*Weekend surcharge, fee-free quota for non-Premium monthly transfers.), whereas legacy banks may give an uncompetitive FX rate + charge a commission on top of that, but it’s context-specific.
It’s a SWIFT thing. International transfers in the legacy world are, for some reason, quite expensive.
Hi did you manage to do the transfer? I am in the same situation and wasn’t unable to find the right details on the Bank of America wire transfer page (when I entered the IBAN the details of lloyds bank appeared instead of Revolut’s and the address was also different?!?) I need help to understand how to proceed…