US Dollar Bank Account
An account that offers the facility to hold US dollar currency and make instant transfers between this and other Cater Allen Bank Accounts linked to the same customer ID.
If your clients travel abroad regularly or have a second home outside the UK, the Cater Allen US Dollar Bank Account offers the ability to hold US dollars, in a UK current account. It also provides the freedom for clients to transfer between this and their other Cater Allen accounts without incurring any currency conversion charges. See today's foreign exchange rates for transfers between accounts.
The minimum deposit is £5,000 (or the US dollar equivalent at opening).
In addition, this account offers a US dollar Cater Allen VISA Deferred-Debit Card; any card transactions made (excluding cash withdrawals) are not applied to the account until the statement date.
Please see the US Dollar Bank Account Factsheet and Personal Terms and Conditions for more information.
If interest is payable, it is paid on a tiered and variable basis. Please see current available interest rates.
How to apply
It is vital that every client, whether applying for a Cater Allen account directly with us or via a financial adviser or intermediary, fully understands the Account, the Interest Rates and the relevant Terms and Conditions before submitting the application.
All clients must:
- Read and print or save all the below documents this must include the Depositor Protection - Information Sheet and Exclusions List
- Visit the interest rates page relevant to the Account
- View the banking tariff
- Complete, print and sign the application form
- Post the form to us along with all necessary ID
Each application will usually be processed within 5 days of us receiving it as long as the application is completed correctly and accompanied by all required documents.
Please note, application forms posted to Cater Allen which are incorrect or incomplete will be automatically returned. If you need assistance when completing a form we are happy to help; please call us on 0800 092 3300 or contact your relationship manager. Calls may be recorded or monitored.