What's the best way to be paid in Euros?

janepn

Hello, my husband is paid by his French company in Euros into his Yorkshire Bank current account. We have realised that against the XE exchange rate, we are down about £170/month due to the poor rate used by Yorkshire Bank.
Can you tell me the best way of being paid in Euros (we do need it transferred to £ rather than paid into a Euro account).
Many thanks

mgdavid

open a Euro account, have it paid in euros.
Do the transfer yourself from your euro account to sterling account using a forex service like Currencyfair or Transferwise.

eDicky

As above, have euros paid into a euro account, anywhere in eurozone such as France or Ireland, never directly into a GBP account with a UK bank who will stiff you on the exchange rate. Avoid a euro account with any UK bank as it's hard to escape the sane exchange situation.

An exception is Fineco Bank UK who provide a multi-currency account with conversion to GBP at very close to the mid-market rate that you see on xe.com, then charge (I believe) 50p for a transfer to any other UK account.

The TransferWise 'Borderless Account' provides a IBAN to receive a salary directly, then charges 0.5% for conversion at the perfect interbank rate. Likewise, Revolut can be used to receive salary in euros to a personal IBAN, conversion without fee at the interbank rate for up to £5k per month, 0.5% fee thereafter, fee-free transfer out.

gif1

Have a look at Revolut card. It's fee free.

DCFC79

Im sure question has already been covered OP.