Receiving inheritance money in Euros

friolento

https://wise.com/help/articles/2949782/guide-to-getting-verified

Amay123

borderline said:

Hi,
soon I’ll be getting about €100,000 in inheritance money from Spain.
not sure the best way for me to get the money .
I bank with HSBC and I have a global money account too. But understand I can also open a current account in Euros and I could ask to send the euros there and then transfer to my global money account and finally onto my sterling current account ?? Not sure if transfer free or with high commission?

but it’s this the best option for me or will I be better off with a specific money transfer company?
I don’t want to lose a chunk of money in fees and exchange rates.

and I don’t need to tell HMRC, right , it’s below £325,000 or whatever it is 

thank you 

Hi! Since you're receiving €100,000 from Spain, your HSBC Global Money Account is a decent option, especially if you can receive euros directly. Opening a euro current account with HSBC and then converting within the bank might reduce fees, but check their exchange rate markup and any transfer fees first.

Money transfer services like Wise or Revolut often offer better exchange rates and lower fees than traditional banks, so compare before moving large amounts.

As for HMRC, you don’t need to report the inheritance itself if it’s below the £325,000 threshold, but keep records in case they ask later, especially if you earn interest or invest the money.

Hope that helps! If you just want to earn money by playing games while sitting at home, you should give this a try M win