different currencies?
is there a way to have a bank account where whenever you put money into it , it changes currency?
i have canadian dollars and lets say i want an iraqi bank account.
i put canadian into this account and it changes my into however much iraqi money i can get for .
The iraqi think is just an example but i would really like to do something like this
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Yes, you can have a bank account denominated in a different currency. I know Citibank does that. When you deposit the funds, it’s automatically converted into the currency the account is denominated in. Call Citibank and ask them for the particulars.
Why would you even think of buying Iraqi Money???
Besides in Canada you can get a canadian money account or a US dollar account, that’s all there is, cause we have a lot of trade with US, is why their money account is available.
If you want other money , you trade on Forex market, you can buy all currencies there…and if you want to trade those markets, I can guarantee you won’t have your Canadian dollars for very long….YOU WILL BE BROKE !!!