USD Savings

[Suba]

Since several years ago in my country, many banks have offered USD savings. This type of USD savings will be very useful, especially for countries that do not use USD as legal tender, such as being able to directly buy goods from abroad without having to convert local currency to USD first. Facilitate payments while abroad, especially in the United States. Make it easier for parents to send funds to their children who are studying in the US, as a hedge against local currency inflation, etc.

However, for me personally or as an online worker, the type of USD savings offered by various banks is less attractive, because I already have a PayPal USD platform that functions the same as USD savings from local banks, besides that crypto enthusiasts can also use Stablecoin USD as savings, which has the same function as fiat money. what do you think?

 

[Starmix]

I do not have any idea about USD savings but for me, it might be interesting. The starting capital to save in USD might also be insanely huge. I will take action on this. I will see the bank to inquire about this.

 

[Springtime]

Here, it is common for people to have savings in USD with their bank. It is convenient if you would like to buy something internationally using USD for payment.

 

[Fire&Rain]

problem with the USD accounts and any foreign currency bank account is the hefty bank charges to maintain it. You find that its way cheaper to use online payment modes rather than having foreign currency account. I had one and i closed it after two months. The bank charges where crazy i tell you.

 

[Augusta]

For me as a Nigerian If your goal is to preserve wealth and protect against inflation, saving in USD is a better option.

 

[Nomad]

In our country, we cannot create USD saving account, general public is excluded form using USD and other foreign currencies.

 

[eLdavis]

Over here people mostly make use of external apps and wallets for saving in dollars or any other currency they want to.

 

[Fidelia]

People that travel outside the country or have businesses with international clients are allowed to have dollar account.

 

[freelancermaria]

I have no idea how to save in USD, but it sounds like a good idea to save some in a bank, especially during this time of inflation.

 

[Tray59]

I have no knowledge on how to save usd work but I can tell you when perfect money use to be into existence,I use to save up to $100 in it and since the currency is in USD we can call it USD saving,I also have a USD account with my local bank but am not savings constantly in it