Open a USD Account - United States Dollar
The Benefits of a USD (United States Dollar) Account with Mondial Change
Opening a USD (United States Dollar) account is free and can be done very quickly. By opening this account through Mondial Change, you benefit from the following advantages:
- No account maintenance fees are charged
- No transaction fees are charged
- An account with a unique personalized IBAN
- An account opened with a partner institution authorized within the European Union
- The account can be located in different countries according to your needs (see the list below), including France or the United States
Services Available with the Opening of a USD (United States Dollar) Account
- You can receive payments in USD from around the world and allow your subsidiaries or clients based in the United States to pay you in their local currency
- You can hold your USD (United States Dollar) in the account
- You can reuse your USD (United States Dollar) to make payments and pay beneficiaries in USD
- You can convert your USD (United States Dollar) to any other major currency at very competitive rates
- Your USD (United States Dollar) deposits can be remunerated in the form of cashback credited monthly to your USD account
* Cashback is reserved for certain clients under conditions and is only available for accounts opened with our partner Ebury. Please contact us for more information.
Mondial Change Answers All Your Questions About USD - United States Dollar Accounts
How to open a USD (United States Dollar) account?
Opening an account is very simple.
- Send us your request to open a USD account through the form on the left or via the account opening form. We will contact you to schedule a phone call to better understand your needs regarding USD flows.
- Following this exchange, we will assist you with the administrative formalities to open access to the services of one of our partners, selected according to your needs. We remain your sole point of contact for the entire client relationship.
- Once access to the services is validated, you can request the opening of your United States Dollar account and any other eligible currency. Your USD account banking details are generally provided within a few minutes, and you can start receiving and making payments in USD (United States Dollar).
- If your business evolves and you have needs in other currencies, you can request the addition of an account in another currency at any time.
What are the fees associated with opening a USD (United States Dollar) account?
Access to our services and the provision of currency accounts are completely free. Our remuneration is solely based on the exchange rate applied to your purchases/sales of United States Dollars. This exchange rate is always communicated transparently before your transactions are validated.
Is the USD (United States Dollar) account a personalized bank account?
The United States Dollar (USD) account for which we provide you with the details is not a bank account per se because the account-holding institution is not a bank but a partner payment institution. These accounts are labeled in your name, and the IBAN associated with the account is unique. You thus have a guarantee of segregation of your funds in the books of our partners. The security guarantees for your funds are similar to those offered by traditional banks. The account can be located in different countries according to your operational needs. Please consult the page related to opening a United States Dollar (USD) account for more information.
In which countries can the USD (United States Dollar) account be located?
It may be useful for your USD (United States Dollar) account to be located in France or, conversely, in another country, depending on your operational needs and the location of your clients. This is why we allow great flexibility in the location of currency accounts. The USD (United States Dollar) account can be located in the following countries of your choice:
- France
- United States
- United Kingdom
- Belgium
- Netherlands
- Luxembourg
- Spain
- Portugal
- Poland
- Italy
- Bulgaria
- Ireland
- Germany
- Canada
- Hong Kong
- United Arab Emirates
You can consult the updated table of possible locations for USD (United States Dollar) accounts here: account locations
Is it possible to hold USD (United States Dollar) in the USD account?
You can use this United States Dollar account to receive or store USD for as long as you wish, as long as your account is active. You are automatically notified by email each time a United States Dollar transfer is received on your USD account. You can then freely reuse these USD to make USD payments to your suppliers or convert your United States Dollars, benefiting from very competitive exchange rates. There is no obligation to move funds on the accounts.
How does the cashback work that remunerates the funds left in the USD (United States Dollar) account?
Cashback is reserved for some of our clients to remunerate them on the United States Dollar funds they hold with our partner Ebury. Your account manager can provide you with the cashback rate that applies to your account. Cashback rates evolve, particularly based on changes in the Federal Reserve's (FED) key rates. Cashback is calculated monthly and credited every month to your account.
Is the USD (United States Dollar) account compatible for receiving USD from marketplaces like Amazon or collection systems like Paypal?
Foreign currency payment collection systems like Adyen, Stripe, Paypal, Hipay, or internal marketplace systems like Amazon Pay are widely used by companies conducting international transactions. These systems are effective, but if you do not have an account in the collected foreign currency, your income in that currency is automatically converted into euros at a often very unfavorable exchange rate, and even when you have a bank account in the collected currency, this account often needs to be located in the country where the sale takes place, which can be complicated with a traditional bank. Some of our partners offer currency accounts compatible with most marketplaces and collection systems.
Besides USD (United States Dollar), what other currencies are available for account opening?
You can find all eligible currencies for opening a currency account by visiting this page.
Can checks, cash, or the funds present in my USD (United States Dollar) account be used with a bank card?
It is not possible to deposit checks or cash into your USD (United States Dollar) account. Only bank transfers are accepted for transactions on the account. No bank card can be linked to the account at the moment.
Are account statements listing all transactions in USD (United States Dollar) available?
Account statements listing all operations in United States Dollars are downloadable at any time from the online interface. These statements include a maximum of information on beneficiaries, the origin of funds, related exchange operations, to facilitate the work of your accounting department.
Can the entries of the USD (United States Dollar) account be integrated into an ERP or TMS like SAP, SAGE, AGICAP, or Kyriba?
All account statements can be automatically integrated into your treasury software or ERP via MT940 files. You thus find all USD (United States Dollar) movements in your software, and you do not even need to connect to our online interface to obtain the up-to-date balance of your USD (United States Dollar) account. Our technical teams can also automate the processing of currency payment files provided by your TMS / ERP.