Dave Winer asks:

Do you keep your savings in more than one currency? Is there an online bank that does this well, one that a US citizen can use (that is, it sends 1099’s to the IRS). Any ideas would be much appreciated.

I have no idea what a 1099 is, and possibly no need to know, but HSBC gave us a bank account that has three separate sub-accounts: current (HKD), savings (HKD), and savings-currencies. This last one handles 11 currencies I think. I only use one, Euros, basically, but I know there’s a bunch of them. I have no idea whether HSBC does the same in the US, or outside HK for that matter, but that wouldn’t surprise me. Of course there’s that little thing called local regulations and laws, and I have no idea what the US want and doesn’t want banks to do regarding FX.

This entry was posted on Monday, September 17th, 2007 at 5:17 pm and is filed under General, Brain fart of the day, Sino-centric stuff. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.