Is it possibly to convert my bank account to hold a foreign currency, but can still withdraw local currency ?

My original UK bank account is in GBP, but right now Im working in another country. I opened a bank account here in the local currency, however I was wondering if its possible for me to change my foreign bank account into GBP, but can still however use the ATM machine to withdraw local currency ?

I really appreciate the help !

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One Response to “Is it possibly to convert my bank account to hold a foreign currency, but can still withdraw local currency ?”

  1. Steve B said:

    You can have your wages paid into the UK account … the Bank will use it’s own exchange rate to do the conversion when the funds are submitted.

    ATM’s will (of course 🙂 ) only dispense local currency (not totally true – some South American ATM’s offer a choice of the local currency or US Dollars).

    If you draw against a UK Bank, they will use the conversion rate applicable when the money is withdrawn PLUS, even if you use a Debit Card, most will impose either a ‘handling charge’ or a percentage fee (2.5% is common).

    If you use a Debit Card drawn on a local bank account, typically there is no fee.




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