Hi HN,<p>Just wanted to ask some feedback from you since we are an (ex)-SVB customer who used their multi-currency accounts.<p>Which bank do you use for multi-currency accounts? What are the fees and fx-rates typically?<p>We are looking for an option but it seems many of the major banks do not offer currency accounts that are registered in the US.
Support multi-currency:<p>TIAA Bank: Supports it. However charges $65 per outbound wire, crazy expensive.<p>SVB: Supports it. $100 / month maintenance fee. Future of SVB highly uncertain.<p>Unknown:<p>Wells Fargo: Unknown, spent lots of time being redirected between departments until I had to hang up because it took too long time. Will check again in the future.<p>No support:<p>First Republic: Only for larger customers that do not hold currency permanently, only if they continously convert to USD. Their customer support was really nice.<p>Citi: No support, only through sister company Citi International but not US based<p>Bank of America: No support multi-currency support for SME customers<p>Chase: No multi-currency support for SME customers<p>Bank of America: No multi-currency support for SME customers<p>PNC: No branch in several US states, therefore can only open accounts in certain states<p>US Bankcorp Business: Can't hold foreign currency<p>Wise.com: Not US based. Only for major 8 currencies. Not for smaller currencies such as Swedish SEK as they cannot provide an inbound IBAN.<p>XE.com: Not US based. No support
Could Interactive Brokers (IB - <a href="https://www.interactivebrokers.com/" rel="nofollow">https://www.interactivebrokers.com/</a>) be a good alternative? despite is not <i>strictly</i> a bank since it supports multi-currency accounts with good fx-rates.