Should I open a dollar account or use a pound account?

If your income or expenses are frequently in dollars, a dollar account is often clearer and reduces currency conversions.

Steps

1. If usage is infrequent, a pound account is simpler.

2. Compare account fees, your actual needs, and the exchange rate, not just the expected dollar rate.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

Source

• Central Bank of Egypt — Know Your Rights