It is vital that every client, whether applying for a Royal Atlantic Bank 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.
US Dollar Bank Account
An account that offers the facility to hold US dollar currency and make instant transfers between this and other Royal Atlantic Bank Accounts linked to the same customer ID.
If your clients travel abroad regularly or have a second home outside the US, the Royal Atlantic Bank US Dollar Bank Account offers the ability to hold US dollars, in a US current account. It also provides the freedom for clients to transfer between this and their other Royal Atlantic Bank 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 Royal Atlantic Bank 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.