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Q: Do you need a bank account to trade foreign money?
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Related questions

How can money be transferred from a Nigeria bank account to a foreign account?

yes


What is bank Fixed Deposit Receipt?

Foreign Traders trade on behalf of us risking there money & trade wit commodities & foregin exchange....


Have you ever transferred money from your bank to another account in the foreign country to a person who is a next of kin to any deceased farther from Senegal?

I have never transferred money from my bank account to a person from Senegal since most of them are usually scammers.


What is bank Fixed Deposit Receipt trading?

Foreign Traders trade on behalf of us risking there money & trade wit commodities & foregin exchange....


How do you put money on an account?

Walk into an ATM and deposit the money into your bank accountWalk into the bank branch (any bank that you have an account with) and deposit the money into your bank account


How you get interest rate?

First you need a bank account and money you put the money in the bank account, wait for a year or two and then you get more money in your bank account


Who owns your money in a bank account you or the bank?

The person whose name is on the account owns the money. The bank holds it for them.


How do you get access to a foreign bank account when person is deceased?

File for probate in the country where the bank account is held.


What is withdrawal of bank account?

taking out money from your bank account because you want to use the money.


What is the Money placed in a bank?

Money placed in a bank account


Can UK money be deposited in US bank account?

Yes. Most major banks in the US accept deposit of foreign currency notes. The point to note here is that, the deposit accepting bank would convert the foreign currency into the local currency (US Dollar) at the prevailing exchange rates, before crediting the money into your account.


How does a personal bank account work?

you have to have money then you must put it into a bank then you have a bank account.