Euro/barclays

UNCLE_2

Please Help !! I Import/export From Europe - I Opened A Euro Account With Barclays - Each Time I Pay A Euro Cheque Into My Euro Account Barclays Manage To Charge Me Commision And Interest !! ? Last Cheque I Paid In 320 Euros They Took 13.16 Euro Commision And 2.92 Euro Interest -how !! Any Help To Find A Cheaper Euro Account Will Be Welcomed.

grumbler

Citibank (UK) Euro Current Account ?

Charges
A monthly service charge of €20 on each Euro Current Account will be levied where the credit balance, across your UK Citibank relationship, falls below the currency equivalent of £2000. This will be calculated, at the end of the monthly period, by applying the currency exchange rate on that day to the average balances in your UK Citibank accounts.
Euro currency payments into the euro account are free.
....Citibank Global Transfers have no transaction fee. However, a spread may be applied if the transfer is made across currencies. Also, transactions can only be made to selected Citibank branches. As far as I understand, this applies to transfers to the £ account in the same bank.
Of course, monthly service charge is a headache and a spread needs investigation...

P.S. Maintaning £2000 balance will cost now approximately £2000x5%=£100 per year as this account does not pay any interest. Quite a lot, but still less than €20x12=€240.