My company is incorporated in Spain. The company’s bank account is in Spanish. But most of my income comes from two monthly payments from US firms that act as resellers. These payments are denominated in US dollars.
My resellers’ US banks seem to transfer money to my Euro-denominated account at poor exchange rates. Between 2% and 7% below the actual exchange rate.
Is it easy for me to open a US bank account (or at least, a USD-denominated bank account), as a non-US citizen, living in Spain? If I can do this:
- I can transfer the money via a company such as TransferWise at a better rate.
- I could also use my Interactive Brokers account; it is complicated but the rate is within a smidgen of the prevailing interbank rate.