A UK with a euro account

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27 Apr 2016 8:45 AM by newworld Star rating. 941 posts Send private message

I have got a few thousand euros in sat with a FX company, is there any UK banks that I could open such an account with so that I could put this money with until I decide what I am doing with the money.





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27 Apr 2016 10:08 AM by raileng Star rating. 70 posts Send private message

Nationwide International in the Isle of Man have Euro accounts.

I opened one as a savings account to take advantage of  times when exchange rates are good to save and pay off my mortgage in the future at a time that suits me.

I do not have faith in the Spanish banks following some bad experiences.

The account pays interest but the downside would be fees and limits on outgoing payments. Check them out.





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27 Apr 2016 10:44 AM by Team GB Star rating. 1245 posts Send private message

Team GB´s avatar

All major UK Banks have 'International' bolt ons that offer Euro accounts - they are mostly expensive to operate. Barclays do a no fuss euro account but you must have a Sterling account with them to apply



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27 Apr 2016 12:09 PM by Sanchez1 Star rating. 853 posts Send private message

If you've you've got an HSBC account you can open a euro account with them.  There's no monthly fees and you get a decent rate when you transfer money between your sterling and euro accounts and vice versa.  You don't get a debit card though but you can withdraw euros from your euro account at the branch without any charges.



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Read my blog: Spain Money Saving Tips and Offers 

Use TransferWise to send money abroad. A lot cheaper than the bank and other online currency exchanges!.

 

 




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