Best account for receiving foreign currency as monthly salary

mayweather

Hi,
      I received around 3k euro a month as a salary.

I am currently having this paid to a Revolut account.

are there better options out there? Is there anything I could be using to accumulate interest on the euro currency, rather than having to exchange it straight into sterling and transferring it to a savings account?

thanks in advance 

eDicky

The other options are Wise, Starling Bank, Fineco UK, (the latter two being real banks with deposit protection, unlike Revolut). There is also HSBC Global Money Account, requiring also HSBC current account and their euro Currency Account to receive the funds. I don't think you'll find much in the way of interest on euros in a UK account.

Futuristic

HSBC premier + EUR currency account would be good, otherwise a paid Revolut account which has higher FX limit if you convert to GBP every month then straight back out to your main bank 

Multi Currency Account | Foreign Currency Accounts - HSBC UK

grumbler

mayweather said:

 Is there anything I could be using to accumulate interest on the euro currency, rather than having to exchange it straight into sterling and transferring it to a savings account?
 

Wise is paying 2.71% on € (and 4.12% on £), but without FSCS protection.

https://wise.com/gb/interest/

sausage_time

grumbler said:

mayweather said:

 Is there anything I could be using to accumulate interest on the euro currency, rather than having to exchange it straight into sterling and transferring it to a savings account?
 

Wise is paying 2.71% on € (and 4.12% on £), but without FSCS protection.

https://wise.com/gb/interest/

Careful with that - No FSCS and "Capital at risk".  Your cash would be invested in a BlackRock fund, so this is far from a classic interest paying account.