Euros to GB £

schoolouse

Hi ,
I work in Europe and get paid Euros. Is there anyway of changing Euros back to GB pounds on a regular basis without getting hammered on the exchange rate constantly? Is it worth opening a Euro account in a GB Bank?

eDicky

schoolouse wrote: »

Is it worth opening a Euro account in a GB Bank?

Not at all. You should have a euro account in the eurozone to receive your pay. Then use Revolut or TransferWise Borderless Account to convert to pounds and withdraw, or receive your pay to them directly (Revolut provide a personal IBAN). Fineco Bank UK is another useful option, but stay away from other British banks for euros.

PeacefulWaters

schoolouse wrote: »

Hi ,
I work in Europe and get paid Euros. Is there anyway of changing Euros back to GB pounds on a regular basis without getting hammered on the exchange rate constantly? Is it worth opening a Euro account in a GB Bank?

I think there'll always be an exchange rate.

brianposter

IB seem to work for me. (and presumably provide better exchange rates than other means likely to be mentioned.)

J_B

We use https://www.currencyfair.com

geco

I had never heard of Revolut. Do I understand correctly that it is a real bank account that I can hold funds in? I can see that they are registered with Companies House, but I'm not sure how trustworthy they are.
Has anyone actually used them?

eDicky

Revolut is not a bank, funds held with them are in a 'ringfenced' Barclays or Natwest account, but without FSCS protection. I've been using them since they began in June 2015. All the info and FAQs are on the website and app, I recommend studying them well before trying to use it.