Query re EUR cash withdrawal from EUR bank account in the UK
Hello, I'm trying to sort my finances and need to figure something out with a EUR account I have abroad. Thought I could pick your brains or perhaps you could share your practical experience.
I have an account in EUR with a bank in an EU country where I worked years ago. I didn't close the account and withdraw the balance when moving to the UK. Now I want to close the account and transfer the balance in EUR to a UK bank account. It seems some banks offer foreign currency accounts (e.g. Starling Bank, HSBC, Barclays). What I'd like to do, is to open a EUR bank account with a UK bank, transfer the EUR balance from the EU country to that account. I expect the transfer will be without a fee, at least if through SEPA.
However I want to have an option whereby I'll be able to make cash withdrawals from that EUR account in EUR in the UK and without a fee. I suppose that will not be possible to do through an ATM, hence Starling Bank is an unlikely option, as I expect I'd need to visit a bank branch.
I do not want to convert the EUR balance into GBP, and want to have the flexibility to withdraw EUR cash in the UK without incurring fees.
Do you know whether I can withdraw EUR cash from branches of banks that offer EUR accounts and without a fee? If so, which banks have you had that experience with/ would recommend?
I went through the T&Cs and fee information sheets for foreign currency (EUR) accounts of Barclays and HSBC Bank, and still couldn't find an answer. So it'd be great if you could share your experience or any ideas I could do this.
Many thanks in advance!
- All Categories
- 341.8K Banking & Borrowing
- 249.7K Reduce Debt & Boost Income
- 449.2K Spending & Discounts
- 233.9K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 172.5K Life & Family
- 246.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.8K Discuss & Feedback
- 15.1K Coronavirus Support Boards