Personal UK Bank Account to save Euros

Temas1

Hi.

Sometime this year I will hopefully be making some equipment purchases from a German company for my work, which I carry out as a sole trader and do not have a limited business.

I would like to buy some Euros now while the exchange rate is good and save them until I am ready to make the purchase.

Can anyone tell me if this is possible and how to do it. I can't seem to find any UK banks that offer this service from google search.

Thanks

grumbler

http://www.citibank.co.uk/personal/banking/international/eurocurrent.htm

The balance has to be a currency equivalent of £2K for the monthly fee to be waived.

Barclays offer Foreign Currency Accounts too. I guess so do HSBC and many other banks.

However, don't expect

• the account to be free,
• to get any interest,
• to get a reasonably good rate when converting £-->€,
• to be able to make free transfers from a € account.

If you can pay by a card for your 'equipment', you can consider loading € to a prepaid card: Cheap Travel Cards

MSE news: Is it worth changing euros for the summer

Temas1

Thanks for the links. Good to know there are some options. The Barclays one might be suitable - only £6 to do an electronic deposit for >£100. £15 - £25 to make an electronic transfer in Euros to buy the item. It'll only make sense I only make one purchase not multiple purchases.

Thanks again