Pay in euros Into uk account help !!

Brewcafe

I really need some advise..

With the euro being so bad at the moment it's the worse time to be paid in euros.

I'm currently working for a Luxembourg employer but get paid straight into my Uk bank account..

Uk citizen living here but luxembourg employer

Each month I'm losing more and more money, is there any good euro accounts.. All my expenses are paid in euros as well..

I would like a savings account or normal account!! I would like to save up my wages expenses until it's a good time to transfer..

Any help will be good, I notice that Barclays has a euro account I just don't want to open the wrong one.

Many thanks

Cyberman60

When I worked in Germany I had my salary paid into a german bank and held it in Euros. It does make sense to transfer it when you like, which is exactly what I did.

I'd suggest that you open a bank account in Luxembourg for that use.

Jonni_2

I'd agree with Cyberman60. I also work abroad and have many expat friends who get paid in euro. The best bet could be to have your wages sent to a local Luxembourg account, then when you need to send money to your UK account, then use an FX broker to make the transfer for you (Luxembourg euro to UK pounds, UK bank account). This is the cheapest way for you to A: Have your wages paid as it saves your employer having to pay a fee to transfer your wages overseas to the UK. And B: Use the transferred money in the UK, transferred into British pounds at the very best rates. Also, brokers can set up an ongoing monthly transfer amount for you, this service is especially for people in situations just like you.

wheelz

Transferwise is good for these kind of transactions. https://transferwise.com/