# Interest-bearing account in Euros, in the US **URL:** \ **Category:** Factual Questions\ **Created:** [September 10, 2008, 5:02pm UTC](https://boards.straightdope.com/t/interest-bearing-account-in-euros-in-the-us/462965 "2008-09-10T17:02:52Z")\ **Posts on this page:** 4\ **Page:** 1
**Author:** ![Polerius](https://avatars.discourse-cdn.com/v4/letter/p/d78d45/32.png) [@Polerius](https://boards.straightdope.com/u/Polerius)\ **Post date:** [September 10, 2008, 5:02pm UTC](https://boards.straightdope.com/t/interest-bearing-account-in-euros-in-the-us/462965/1 "2008-09-10T17:02:52Z")
Is there a way for a US citizen, living in the US, to open an interest-bearing bank account in Euros, and transfer dollars to it? Do any US banks do it? Any other ways? ---
**Author:** ![R.P.McMurphy](https://avatars.discourse-cdn.com/v4/letter/r/7993a0/32.png) [@R.P.McMurphy](https://boards.straightdope.com/u/R.P.McMurphy)\ **Post date:** [September 10, 2008, 10:38pm UTC](https://boards.straightdope.com/t/interest-bearing-account-in-euros-in-the-us/462965/2 "2008-09-10T22:38:11Z")
Since no experts have stepped forward I’ll take a stab at it because I asked this question of an investment adviser. I asked this question when the dollar was about on par with the Euro. If I understand it correctly, no, a U.S. bank cannot set you up with an account in another currency. You can go to a foreign bank and set up an overseas account in a foreign currency. I don’t know what the government restrictions or tax implications are. Also, it seems that it is also difficult to invest in an index fund in a foreign stock exchange. Again, you have to go to the office of a foreign bank. Now, correct me if I’m wrong and let us all know if there is an easier way. ---
**Author:** ![Huerta88](https://avatars.discourse-cdn.com/v4/letter/h/82dd89/32.png) [@Huerta88](https://boards.straightdope.com/u/Huerta88)\ **Post date:** [September 10, 2008, 10:41pm UTC](https://boards.straightdope.com/t/interest-bearing-account-in-euros-in-the-us/462965/3 "2008-09-10T22:41:31Z")
> **[Banking, Investing & Commercial Financing | EverBank](https://www.everbank.com)** > > Get more out of your money and how you bank with the accounts, services and rates that separate us from banking as usual. View our lineup of banking solutions. Can set you up with a number of options for foreign-denominated deposit accounts, CDs, etc. More specifically, this sub-page may be a good place to start: > **[Error - Page Not Found | EverBank](https://www.everbank.com/001CurrencyAccess.aspx)** > > Sorry, we can’t seem to find the page you’re looking for. ---
**Author:** ![Desert\_Nomad](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/desert_nomad/32/177_2.png) [@Desert\_Nomad](https://boards.straightdope.com/u/Desert_Nomad)\ **Post date:** [September 10, 2008, 11:15pm UTC](https://boards.straightdope.com/t/interest-bearing-account-in-euros-in-the-us/462965/4 "2008-09-10T23:15:02Z")
> [@Spartydog](#): > > Since no experts have stepped forward I’ll take a stab at it because I asked this question of an investment adviser. I asked this question when the dollar was about on par with the Euro. > > If I understand it correctly, no, a U.S. bank cannot set you up with an account in another currency. You can go to a foreign bank and set up an overseas account in a foreign currency. I don’t know what the government restrictions or tax implications are. > > Also, it seems that it is also difficult to invest in an index fund in a foreign stock exchange. Again, you have to go to the office of a foreign bank. > > Now, correct me if I’m wrong and let us all know if there is an easier way. Why is this the case in the US? Every bank I have used overseas can open an account in almost any currency. In Prague it is easy to open a Yen account, in Dubai a Canadian dollar account can be had… so why it is so impossible in the “most powerful country in the world”. It is shocking… when I asked this of one US bank, the response was “What’s a Euro?”