How do I get a € Euro bank account?

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  • AlexPF
    AlexPF Posts: 31 Forumite
    They have an arrangement to use RBS branches, but they are part of the Santander group.
  • I'm not sure if this is the right thread ... I am trying to close my account with Credit Agricole and transfer the money to a forex euro account to improve the rate of exchange (euro to pound) that I receive. The french bank is refusing to pay the money into a forex account. Can they do this?
  • eDicky
    eDicky Posts: 6,547
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    I'm not sure if this is the right thread ... I am trying to close my account with Credit Agricole and transfer the money to a forex euro account to improve the rate of exchange (euro to pound) that I receive. The french bank is refusing to pay the money into a forex account. Can they do this?
    Well, the thread is about how to open a euro account and you're trying to close one, but apart from that...

    What kind of 'forex euro account' are you trying to move your funds into, and how are you trying to do it?

    Do you have a debit card with the Credit Agricole account? Most forex brokers accept debit card payments.

    You can use Revolut to exchange €6000 per month without fees (0.5% fee after that) at the interbank rate (on weekdays).
    Evolution, not revolution
  • DesG
    DesG Posts: 1,288
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    I'm not sure if this is the right thread ... I am trying to close my account with Credit Agricole and transfer the money to a forex euro account to improve the rate of exchange (euro to pound) that I receive. The french bank is refusing to pay the money into a forex account. Can they do this?

    Are they refusing to make a SEPA transfer at your request, or are they refusing to send a closing balance to a 3rd party, two different things. Can you not do the SEPA transfer online?
  • Hello i am looking to get a bank account to save money in Euros .

    I will be using it in Netherlands as i'm eventually planning to move out ot the UK .

    Is there a bank account from a decent bank , id like to avoid banks with a past of washing money for drug cartels aka HSBC but if i can't then i can't .

    Also im looking to get transferwise to do the currency exchange any ideas on this as well ?.

    Cheers
  • eDicky
    eDicky Posts: 6,547
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    HadrianB wrote: »
    Hello i am looking to get a bank account to save money in Euros.
    Search this thread for Britline, Comdirect, Irish banks. TransferWise charge 0.5%, converting at the interbank rate.
    Evolution, not revolution
  • i know I've seen it, however this thread is a few years old ! .
  • heathrow
    heathrow Posts: 64
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    edited 20 November 2016 at 2:02PM
    I think the best route is to open account with an Irish bank.


    The EU requires banks to provide basic bank accounts to non-resident EU nationals.

    Ulster Bank offers a Foundation Account


    http://digital.ulsterbank.ie/personal/current-accounts/foundation-account.html

    You need to visit a branch in the Republic. You can also open their
    Standard Account - which gives you go a cheque book but its €4 per month unless you keep €3000 in the account

    http://digital.ulsterbank.ie/personal/current-accounts/non-roi-eu-residents.html

    Similarly Bank of Ireland also have a basic account:

    https://personalbanking.bankofireland.com/bank/current-accounts/basic-bank-account/features-benefits/

    KBC let you apply by post:

    https://www.kbc.ie/Our-Products/KBC-Current-Account/Current-Account

    https://www.kbc.ie/KBC/media/Current-Account-PDFs/EUCurrentAccountApp.PDF


    Permanent TSB:

    http://www.permanenttsb.ie/everyday-banking/current-accounts/basic-payment-account/

    (open in branch)

    And finally AIB:

    https://aib.ie/our-products/current-accounts/basic-bank-account

    - Again open account in branch.

    - All of these accounts have Visa Debit Cards and online/mobile banking. And our Irish cousins speak excellent English :)

    I was over in Ireland 10 days ago and have opened an account in branch with Ulster Bank. I plan to move money to from my UK accounts using Revolut - up to £5000 per month can be changed between currencies per month at the interbank rate.
  • glider3560
    glider3560 Posts: 4,115
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    Note that if you open an account in the Irish Republic, there is a €2.50 stamp duty (i.e. tax) on cards used in either ATMs or at point of sale. This increases to €5.00 if you use both ATMs and point of sale.
  • colsten
    colsten Posts: 17,597
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    heathrow wrote: »
    The EU requires banks to provide basic bank accounts to non-resident EU nationals.
    Are you sure about that?
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