Depositing USD in UK share dealing account

[muesli]

Hi

I have just recently opened a new share dealing account (in the UK), and at the moment the funds shows "0 GBP", as expected.  No other currencies are shown.  I have some USDs in my Wise USD account.  My question is:  can I transfer the USDs in the Wise account to this share dealing account, receiving USDs?  Does it even make sense to?

 

Thanks

[MongiIG]

10 hours ago, muesli said:

Hi

I have just recently opened a new share dealing account (in the UK), and at the moment the funds shows "0 GBP", as expected.  No other currencies are shown.  I have some USDs in my Wise USD account.  My question is:  can I transfer the USDs in the Wise account to this share dealing account, receiving USDs?  Does it even make sense to?

 

Thanks

Hi @muesli

Yes you can transfer USDs in the account. Please note that you can hold multi-currencies within a share dealing account. You have to change your currency conversion settings prior to depositing the USDs so that the funds stay in USD and do not automatically get converted. You can find the settings on My IG > Live accounts > Currency conversion and set the conversion to 'manual'. In this way, USD deposited will stay is USD and you can use them to trade US shares without conversion. 

 

All the best - MongiIG