Living In The USA

Banking.

In order to open a bank account, you will usually need a driver's licence or state-issued non-driver identification, as well as a social security card and proof of address, such as a current electric bill. However, subject to bank approval, non-citizens and even non-residents can open a bank account in the US, with a valid passport (translated into English). Most banks will not allow non-residents to open an account online - you will have to go into the bank and provide the necessary documentation.

When you arrive you will need to build up a credit score in the USA as your British credit history will not be carried over. This can make it very difficult to obtain US credit cards. Some banks offer a type of pre-paid card that can help you build credit, you pay a deposit equal to the limit of the card and then you must replenish to that ammount when your statement arrives every month. After a period of time the bank should offer you their standard credit card.

Money

The coins currently in US circulation are

  • Penny, 1 cent
  • Nickel, 5 cents
  • Dime, 10 cents
  • Quarter, 25 cents
  • Half Dollar, 50 cents, not commonly found
  • Dollar Coin, not commonly found
Banknotes currently in US circulation are
  • $1
  • $2
  • $5
  • $10
  • $20
  • $50
  • $100
At one time banknotes for $500, $1,000, $5,000, $10,000 and $100,000 were produced but they were withdrawn in 1969.

Exchange Rates

Up to the minute currency exchange rates provided by Moneycorp

Moneycorp

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PENNY

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NICKEL

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DIME

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QUARTER

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