How to transfer big sums of money in foreign currency

How to transfer big sums of money in foreign currency

To transfer substantial amounts of money to the UK (e.g. your future down payment for a house), you may want to consider opening an international currency account in a high street bank. Banks like HSBC, Barclays, and Lloyds offer accounts where you can hold and manage money in multiple currencies. Mind them every bank has its own procedure for opening a bank account in a foreign currency. Conditions may involve a minimum deposit (e.g. $5000), which also varies depending on the banks.