UK bank account for depositing Euro notes (cash) - without converting to GBP

Marco_L

Hi,
I would like you to advise a UK bank account that allows me to deposit Euro notes (read: cash) in UK bank account without having to convert them into GBP

PloughmansLunch

I've paid euros over the counter into an HSBC Euro Currency account, I believe you can do the same with the equivalent Barclays account too.

eDicky

As above, probably you'll need to open their normal GBP current account before opening a euro currency account.

retiredbanker1

Lloyds used to refuse this - you had to get a flight or ferry to IOM to deposit them.

Emily_Joy

retiredbanker1 said:

Lloyds used to refuse this - you had to get a flight or ferry to IOM to deposit them.

But Lloyds doesn't offer UK-based accounts in Euro's. I have never had such problems with HSBC, though, even before they introduced Global Money. 

gt94sss2

PloughmansLunch said:

I've paid euros over the counter into an HSBC Euro Currency account

Out of interest, what is the process for this? 

For instance, do HSBC provide a card or pay in book, or do you quote your account details at the counter etc

PloughmansLunch

gt94sss2 said:

PloughmansLunch said:

I've paid euros over the counter into an HSBC Euro Currency account

Out of interest, what is the process for this? 

For instance, do HSBC provide a card or pay in book, or do you quote your account details at the counter etc

From memory I put my debit card & pin in the terminal to identify myself, and they pulled up my other accounts to get the details. I don't have a paying in book, in fact, the only paperwork I have is a monthly statement that I can't seem to switch to paperless. The one thing to bear in mind is you can transact with this account in online banking but for whatever reason it doesn't work in the app (the exact opposite of HSBC Global Money).

Zorro1373

PloughmansLunch said:

I've paid euros over the counter into an HSBC Euro Currency account, I believe you can do the same with the equivalent Barclays account too.

How much? ive just been to HSBC and they said the wont take cash

eskbanker

Zorro1373 said:

PloughmansLunch said:

I've paid euros over the counter into an HSBC Euro Currency account, I believe you can do the same with the equivalent Barclays account too.

How much? ive just been to HSBC and they said the wont take cash

Exactly which HSBC account, which branch, and how much were you trying to deposit?

pecunianonolet

Zorro1373 said:

PloughmansLunch said:

I've paid euros over the counter into an HSBC Euro Currency account, I believe you can do the same with the equivalent Barclays account too.

How much? ive just been to HSBC and they said the wont take cash

Not every HSBC branch offers services to take foreign notes. 

gt94sss2 said:

PloughmansLunch said:

I've paid euros over the counter into an HSBC Euro Currency account

Out of interest, what is the process for this? 

For instance, do HSBC provide a card or pay in book, or do you quote your account details at the counter etc

You open a currency account with HSBC, it does provide a hard search to your credit file. You take your notes and take it to a branch that does accept it. Hand over debit card and they fill out some paper and process a buy order. (You are selling to HSBC and they buy from you). You have to sign and date a piece of paper, they count the money and get you to confirm its the right amount and 5 min later you are with a transaction receipt out the door and funds are showing in the currency account. They don't take coins. 

Currency account transactions in Euro are free for everyone and other currencies e.g. USD are coming with transaction charges unless you are Premier where it is all free.