Euro Zone bank account for a UK resident?

System

stuorguk wrote: »

Can you do SEPA transfers with DKB.de?

Yes, instantly on-line, free.
I don't know what their attitude is to business accounts, but opening and running a personal account is a joy, though it helps a lot if you can understand some German.
You get a current account linked to a VISA credit card, on which there is (at least in my case) a token credit limit of €100. However, you can do on-line transfers to put the credit card in as much credit as you need, and you then get interest on the credit balance. You can use the credit card to withdraw euro free from any Visa ATM in the eurozone - or GBP from ATMs in the UK, which are converted at the Visa exchange rate without any loading or fee.

makes_cents

Just got my rejection letter from DKB. Had it stamped by a barrister for £75 and they still knocked me back.

JeremyPorteous

I'm trying to open a Euro account. The main thing I need to be able to do is make and receive SEPA payments without ridiculous charges but a debit card in addition would be a nice bonus.

I have an HSBC account and asked to open an account in France. I was told that I would have to own property in France in order to open this account so they wouldn't even let me apply. They offered instead a Euro account in Jersey which charges £15 for each SEPA payment! I said I didn't want this because such payments were free on the French account, but they said this was not the case.

I've also tried applying for DKB and Keytrade (Belgium) as suggested on this forum and was also turned down by both.

I am not sure on what criteria the banks are making their decisions. Who has successfully opened such an account and what reasons did you give for doing so?

What other options do I still have that I will actually have some success with? I want to try and avoid high monthly fees too.

powerone

Try to talk to Barclays.
https://wealth.barclays.com/en_gb/home/international-banking/support-and-information/resources/choosing-your-account-location.html

System

JeremyPorteous wrote: »

What other options do I still have that I will actually have some success with? I want to try and avoid high monthly fees too.

DKB's standard rejection letter just says that they analyse "various characteristics": presumably to arrive at some kind of credit score. The French La Poste offers a simple current account. Easiest if you can go into a French post office to open it.
https://www.labanquepostale.fr/particuliers/au_quotidien/ouvrir_compte.html

makes_cents

YoungNick wrote: »

DKB's standard rejection letter just says that they analyse "various characteristics": presumably to arrive at some kind of credit score. The French La Poste offers a simple current account. Easiest if you can go into a French post office to open it.
https://www.labanquepostale.fr/particuliers/au_quotidien/ouvrir_compte.html

They were basically ready to accept me until they got me on the phone and I couldn't speak German.

The phone conversation was then cut drastically short as the operator said "The decision will be in the post".

Why call just to say that? My assumption is that they would have asked in German why I wanted the account and what it would be used for.

al25

Citi bank provides euro and dollar deposit accounts, linked to one debit card

mayfairman

DKB no longer a offers accounts to UK residents
Bank of Cyprus does, but charges very high fees.
Citibank does but you must maintain a balance of £10,000.
HSBC does not offer euro accounts.
Santander does not offer euro accounts.
Cooperative does not offer personal euro accounts.
Any more suggestions?

robatwork

What happened to Innovate?

grumbler

PPR happened: Current account comparison tool