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Euro account in UK?

plum44_2
plum44_2 Posts: 124 Forumite
Debt-free and Proud!
in Savings & investments
Can anyone help?

I will be receiving child maintenance specified as a Euro figure by an Irish court for my son. Does anyone know if I can open a Euro account in England?

Any advice on this appreciated
LBM Nov 10 owing £34,043 - (DMP with Stepchange)

Finally debt free 14/12/12:beer:

Comments

  • calypso_rhapsody
    calypso_rhapsody Posts: 571 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Citibank offer one but there is a fee from later this month if the average balance is less than 2000 euros ... so may not be appropriate. Will you be wanting to convert the euros to £? if so you do need to find somewhere where the exchange charges are not too high and the rate is not loaded (i think Citibank score well on this so maybe that would offset the monthly fee).
  • plum44_2
    plum44_2 Posts: 124 Forumite
    Debt-free and Proud!
    Thanks for your reply...Yes I would need to change the money to £

    They all seem to have quite high Minimum balances. Its not really going to be a savings account so I imagine I would occur a monthly fee. I'll have a look -thank you.
    LBM Nov 10 owing £34,043 - (DMP with Stepchange)

    Finally debt free 14/12/12:beer:
  • atush
    atush Posts: 18,731 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Barclays has one, and so does HSBC. Barclays euro accts are actually based in ireland so might be a good choice for you?
  • plum44_2
    plum44_2 Posts: 124 Forumite
    Debt-free and Proud!
    Ok very helpful- thank you
    LBM Nov 10 owing £34,043 - (DMP with Stepchange)

    Finally debt free 14/12/12:beer:
  • missile
    missile Posts: 11,812 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 11 June 2012 at 10:19PM
    You could open an offshore euro account.
    I opened one recently with LTSB, no minimum balance and zero fees. Then exchange to £, rate was same as Moneycorp and then no fee transfer to my UK LTSB account.
    "A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
    Ride hard or stay home :iloveyou:
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