Best way to receive euros

Chomeur

Band7 said:

How about using a bank or a money transfer service?

As we've discussed, banks seem to charge too much commission. Money transfer services are not an option provided to me by the payer.

Marchitiello

Chomeur said:

I get paid occasional sums in euros and am currently having them paid into my Santander account where I expect a big commission is levied. Should I have them paid in somewhere else? I don't go to the eurozone more than once a year or so, so it's probably best that I just convert the euros to pounds as I receive them rather than have a euro account I can use abroad. 

I have accounts with Halifax, Lloyds, Nationwide, Monzo, Monese, Natwest, HSBC, fineco and Revolut so plenty of choice without opening a new account. Alternatively I can have them paid into Paypal.

Thanks

Of the options you have already, Fineco and Revolut would be the best, with Fineco, as others already said, likely to return the net GBP value after conversion.

Revolut would work similar to Wise, maybe slightly cheaper in fees.

back to Fineco, I basically use the mobile app almost exclusively, log in at least once a week, and up to few weeks ago, did most of my GBP to EUR exchanges (used HSBC Global Money recently but not yet suitable for what you want to do, nevertheless I would open it if I were you as you already have an HSBC account, in readiness for when they will accept payment in other currencies).

Band7

Chomeur said:

Band7 said:

How about using a bank or a money transfer service?

As we've discussed, banks seem to charge too much commission. Money transfer services are not an option provided to me by the payer.

I meant a 'proper' bank, like Fineco or Starling. I would never use Revolut myself. They are ok if you don't need CS, but pretty terrible if you do.

Chomeur

Fineco doesn't work on my phone either. Same problem with it saying it's sending a code to my "mobile phone devices" and the code never arrives.

I'll give Monese a day to respond and, if they don't, I'll open a Starling account.

Band7

Chomeur said:

Fineco doesn't work on my phone either. Same problem with it saying it's sending a code to my "mobile phone devices" and the code never arrives.

How strange. I trust you are using the UK Fineco app.

Have you registered your phone number with the country code? Mine is in the format 0044xxxxyyyyyy. Never once had a problem with the app, or with the approval of online transactions via the app.

Chomeur

Band7 said:

Chomeur said:

Fineco doesn't work on my phone either. Same problem with it saying it's sending a code to my "mobile phone devices" and the code never arrives.

How strange. I trust you are using the UK Fineco app.

Have you registered your phone number with the country code? Mine is in the format 0044xxxxyyyyyy. Never once had a problem with the app, or with the approval of online transactions via the app.

OK, actually what it says is that it's sending an "alert". So I don't think it's sending a text. It says "Make sure you have enabled alerts on your linked devices and try again. " There's no box to enter any details, so I think it's looking to receive it itself. No idea.

wmb194

Chomeur said:

Band7 said:

Chomeur said:

Fineco doesn't work on my phone either. Same problem with it saying it's sending a code to my "mobile phone devices" and the code never arrives.

How strange. I trust you are using the UK Fineco app.

Have you registered your phone number with the country code? Mine is in the format 0044xxxxyyyyyy. Never once had a problem with the app, or with the approval of online transactions via the app.

OK, actually what it says is that it's sending an "alert". So I don't think it's sending a text. It says "Make sure you have enabled alerts on your linked devices and try again. " There's no box to enter any details, so I think it's looking to receive it itself. No idea.

Have you changed devices? I had this once and it was trying to send the alert* to the old device. It can be reset via the Fineco online banking website.

*Yes, not a text message, it's an alert pushed to the app.

Chomeur

wmb194 said:

Chomeur said:

Band7 said:

Chomeur said:

Fineco doesn't work on my phone either. Same problem with it saying it's sending a code to my "mobile phone devices" and the code never arrives.

How strange. I trust you are using the UK Fineco app.

Have you registered your phone number with the country code? Mine is in the format 0044xxxxyyyyyy. Never once had a problem with the app, or with the approval of online transactions via the app.

OK, actually what it says is that it's sending an "alert". So I don't think it's sending a text. It says "Make sure you have enabled alerts on your linked devices and try again. " There's no box to enter any details, so I think it's looking to receive it itself. No idea.

Have you changed devices? I had this once and it was trying to send the alert* to the old device. It can be reset via the Fineco online banking website.

*Yes, not a text message, it's an alert pushed to the app.

Yes, I have a new phone. So, I removed the old one on the website:

"

xxxxxxxxx successfully removed.

Please note that in order to access your account information or arrange payments, you must always have a device linked to Mobile Code.

Now open the Fineco app and link a new device to Mobile Code.
Click "Confirm" when you have finished linking your new device to Mobile Code."

So I go to the app on my new phone and follow the instructions to register it. Then I get:

"Important. An error occurred sending the alert."

wmb194

Chomeur said:

wmb194 said:

Chomeur said:

Band7 said:

Chomeur said:

Fineco doesn't work on my phone either. Same problem with it saying it's sending a code to my "mobile phone devices" and the code never arrives.

How strange. I trust you are using the UK Fineco app.

Have you registered your phone number with the country code? Mine is in the format 0044xxxxyyyyyy. Never once had a problem with the app, or with the approval of online transactions via the app.

OK, actually what it says is that it's sending an "alert". So I don't think it's sending a text. It says "Make sure you have enabled alerts on your linked devices and try again. " There's no box to enter any details, so I think it's looking to receive it itself. No idea.

Have you changed devices? I had this once and it was trying to send the alert* to the old device. It can be reset via the Fineco online banking website.

*Yes, not a text message, it's an alert pushed to the app.

Yes, I have a new phone. So, I removed the old one on the website:

"

xxxxxxxxx successfully removed.

Please note that in order to access your account information or arrange payments, you must always have a device linked to Mobile Code.

Now open the Fineco app and link a new device to Mobile Code.
Click "Confirm" when you have finished linking your new device to Mobile Code."

So I go to the app on my new phone and follow the instructions to register it. Then I get:

"Important. An error occurred sending the alert."

Try deleting and reinstalling the app.

Frequentlyhere

A vote for Revolut here, totally free to receive euros and convert up to £1k/month totally fee-free also. Very easy to use, just don't keep funds there long term as no FSCS.