I Have USD Notes, Do I Bank It or Find Somewhere to Exchange?
I have approximately 20k USD in cash. I was exploring citibank and HSBC options, I am a bit confused by citibank's response to about depositing USD notes at their branch into a global currency account. HSBC seems to be the way to go (as I can deposit USD notes directly into the account @1% fee) but the fees to transfer out seem a bit confusing and costly (2-3%). Could I deposit into HSBC and then transfer it to transferwise?
If anyone can shed some light on this it would be great!
Otherwise, looking for good exchange places around Sydney!