How do I have a bank account in $US??

Hi all,
I import a little bit of stuff from China and sell here. (Small time just startting out)

I know some big business buy $US when the dollar is good. So my question is how?/ Do I just rock up to the Comm Bank and say "Hi I want to open a US account"??

At this stage I am probably looking at buying $US7-10,000
 
Hi all,
I import a little bit of stuff from China and sell here. (Small time just startting out)

I know some big business buy $US when the dollar is good. So my question is how?/ Do I just rock up to the Comm Bank and say "Hi I want to open a US account"??

At this stage I am probably looking at buying $US7-10,000

Yes most of the bigger banks allow you to open accounts and term deposits in a foreign currency but will have a minimum opening balance requirement. eg CBA require minimum equivalent AUD $75,000

http://www.commbank.com.au/business...yments/foreign-currency-accounts/default.aspx
 
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