How do you open a bank account in Euros?

[RethugAssKicker]

I want to start investing in Euros. I'd like to be able to open a bank account (over the net if possible) and have that money deposited in Euros. I guess what I'm looking for is a European bank(I think it has to be) that will accept US dollars electronically and deposit it into a Euro based bank account.

[William769]

1. Like this?

http://www.nationwideinternational.com/?src=ggl

[RethugAssKicker]

5. Is this a real bank or some type of middle man ?

Thanks for the info!

[AngryAmish]

2. 1. Get a hold of a european bank

2. Open an account (I'm sure there are some on-line.)
3. Wire transfer money over there and make sure it is deposited in euros.

Now, be prepared to have the IRS up your behind for a long time, 'cause tax cheats and criminals like to use off-shore accounts.

[LZelig]

3. FXE

Trades like stock. (symbol:FXE)

[RethugAssKicker]

13. Thanks,,, One question..

But don't you have to pay capital gains when you sell ?

If you had your money in a bank there would be no capital gain tax?

Am I correct?..

[Horse with no Name]

4. You go to the corner and use a payphone

And gloves...have to use those. Make sure you rub the fingerprints off of your coins. Don't use a calling or credit card.
Too easy to trace.

Anyway....
Anyone can open an account at any bank in Europe or on an island, or frankly anywhere. It is not necessary to go through an INTERMEDIARY to do so. It does not require special dispensation or special arrangements by a TRADER, PRINCIPAL, or "FUNDER". Most banks of any significance can be accessed on the Internet. Additionally, there are legitimate directories that list banks throughout Europe and/or offshore, and most international banks have branches in the United States - just check the telephone directory of the nearest large city or go to Banks in Europe or World Financial Directory, each brought to you by Qualisteam.

Should you require assistance in establishing an offshore account because of special requirements, say specific corporate or trust requirements, there are legitimate organizations that will guide you to the most suitable financial establishment for your purposes. Most of the major brokerage houses have divisions that specialize in this type of service.

http://www.qualisteam.com/Banks/Europe/

[RethugAssKicker]

6. Thanks, this looks perfect !

[enid602]

7. non-US assets

My funds are in an IRA, so I can't take them out of the country without incurring substantial penalty and taxes. What I did was transfer much (50%) of my investment into non-dollar equity and bond mutual funds, which invest in the stocks or bonds of non-US developed world corporations and governments. No penalty or taxes. My shares in these foreign stock and bond mutual funds are denominated in dollars, but the actual assets are not. Should the dollar go down, these shares go up. On 11/5/2004, I decided to let Bush's failed policies work for me. I call it 'Bush-proofing' my portfolio.

[mcscajun]

8. When you look at European banks, take a hard look at these factors

1) How often is interest calculated and paid. The "compounded daily/paid monthly" model is by no means Universal. This could impact your financial return.

2) What protection is offered on your deposit. The FDIC can't help you overseas. The UK and other countries have their own bank protection schemes; make sure you understand what kind of protection is offered, and pay particular attention to offshore locations like the Isle of Man.

3) Balance minimums/maximums, minimum deposit amounts, and minimum withdrawal amounts.

[OrangeCountyDemocrat]

9. Kick For Later

[Nite Owl]

10. You might try

Interactive Brokers. You can set up an account there in any currancy but it is a trading account. Of course you can leave it in the money market account too.

www.interactivebrokers.com

And Everbank.com does a lot with overseas stuff and they may have something.

[LostinVA]

11. There's a guy in Nigeria who would be glad to help you...

[theboss]

12. Why not just do currency trading?

It's easier.