this post was submitted on 21 Apr 2025
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I am a US citizen living in the US (glass it from orbit please) and as the title implies I am wondering if it is possible to move my checking and savings account(s) to a bank that would allow that money to be converted and held as euros. From my research so far it does appear there are some banks that may be able to facilitate this (HSBC, Citi, Wells Fargo), but I was wondering if anyone had any experience with doing so?

In addition to recommendations or general thoughts about the bank(s) I should consider looking at I was also curious if:

  • Direct deposits in USD were possible and how they were handled in terms of converting them (does it happen automatically, or is it a manual action)?
  • Is it possible to use ACH debiting?

For whatever it's worth in case someone asks or wants to interject, most of my money is currently in my retirement accounts and not in my savings, I have an emergency fund and I won't be doing anything that might harm it.

Regardless of whether what I am asking is dumb or ill advised I am currently looking for information on how one might implement this if it is possible at all. Feel free to offer your opinion/take on it if you are also able to point me to resources on doing this or additional reading on the matter. If this is just straight up not possible in any capacity (my initial looking seems to indicate it is possible, but I could be wrong) then feel free to let me know that as well. If the only feedback that can be provided is to tell me how dumb it is, or ask why I would want to do this my reasons are my own, and I would kindly ask it be kept to one's self, but I obviously can't stop anyone if they don't.

Regardless, I very much appreciate your reading this far, and thank anyone for their replies in advanced.

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[–] JoeKrogan@lemmy.world 1 points 1 day ago

Revolut allow you to have multiple currencies.

https://www.revolut.com/en-US/

It is very popular in the EU has a bankling licence and deposit guarantees.