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Maybe the title is a misnomer but I have a question and am not sure if this is the proper board. If it is not, can someone provide me a link for the proper board?

Well, my boyfriend is based abroad and would like to open a bank account in U.S. dollars. Can he do so through one of the online banks? He doesn't have a U.S. address or social security number.

What are the advantages/pitfalls of this method. I think he's thinking of opening a savings account in dollars so it can maintain its value without being subjected to inflation. But he will have a checking account in local currency at a local brick and mortar.

Thanks in advance,

Phoenix
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