Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    PaulS43
    How do I get a Euro bank account?
    • #1
    • 19th Jan 12, 9:13 AM
    How do I get a Euro bank account? 19th Jan 12 at 9:13 AM
    Apologies if this isn't in the right place to the mods - I couldn't find an obvious natural home for it).

    Right I am self employed. I get paid (currently) by 3 different British companies. All the money is in sterling. It comes into my UK HSBC account.

    I have been asked whether or not I want to work for a Dutch company. The thing is they will only pay in Euros. Invoicing their firm in Euros isn't a problem but how can I recive the money?

    HSBC haven't yet answered my email to ask them so can anyone else tell me where I can go to set up a Euro bank account and if I have a choice, where I will get the best deal in running it and withdrawing my money in sterling.

    The contract (if I take it) will pay exactly 150 a week.

    Any advice welcome
Page 13
    • Preedyboi
    • By Preedyboi 3rd Apr 18, 8:34 PM
    • 45 Posts
    • 23 Thanks
    Preedyboi
    THOMAS Exchange dont just do currrency, they can receive Euro bank transfers and convert the funds to Pounds which will be transferred to the customers Uk ac. Therefore avoiding the need to open a Euro bank ac.
    • adindas
    • By adindas 3rd Apr 18, 10:58 PM
    • 4,165 Posts
    • 2,636 Thanks
    adindas
    THOMAS Exchange don!!!8217;t just do currrency, they can receive Euro bank transfers and convert the funds to Pounds which will be transferred to the customer!!!8217;s Uk ac. Therefore avoiding the need to open a Euro bank ac.
    Originally posted by Preedyboi
    I do not think you understand why the people want to open a Euro account. People might have a different need then your need. But if THOMAS Exchange meets your need then continue using it. It is your money you are exchanging anyway.

    Almost all currency exchange service (if not all) will be able to convert back from EUR to . But If you travel to Euro zone a few times in a year converting from to EUR and then converting it back again to is really a bad idea as you will be paying the conversion fee twice. In this case it might be better to keep it for your next trip. Also there might be minimum fee which might be quite significant to the amount to be converted if you are just converting a small amount of EUR back to .

    Keep in mind the exchange rate of THOMAS Exchange is not as good as the specialist travel CC and/or DC. Using the specilist CC/DC, you will avoid the need to convert it back to as you could just withdraw the cash you need on that day. You could even withdaw a few times in a day if neccessary and no fee at all.
    Last edited by adindas; 04-04-2018 at 8:45 AM.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

2,226Posts Today

5,649Users online

Martin's Twitter