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  • FIRST POST
    PaulS43
    How do I get a € Euro bank account?
    • #1
    • 19th Jan 12, 10:13 AM
    How do I get a € Euro bank account? 19th Jan 12 at 10:13 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 12
    • douglasangus
    • By douglasangus 16th Sep 17, 11:22 AM
    • 2 Posts
    • 0 Thanks
    douglasangus
    not the DKB
    DKB now only accepting addresses in German, Austria and Switzerland
    • douglasangus
    • By douglasangus 16th Sep 17, 11:23 AM
    • 2 Posts
    • 0 Thanks
    douglasangus
    Dkb
    Now not accepting addresses other than Germany, Austria and Switzerland
    • glider3560
    • By glider3560 16th Sep 17, 11:47 AM
    • 3,613 Posts
    • 2,293 Thanks
    glider3560
    DKB now only accepting addresses in German, Austria and Switzerland
    Originally posted by douglasangus
    Does that comply with the EU regulations?

    Or am I being too British here (i.e. assuming countries other than us will actually enforce the rules)?

    • Minunjay
    • By Minunjay 18th Sep 17, 3:15 PM
    • 2 Posts
    • 1 Thanks
    Minunjay
    Does that comply with the EU regulations?
    Originally posted by glider3560
    No, it certainly doesn't - talk to your MEP while you still have one.
    Too new here to post you a proper link, but see europa.eu youreurope citizens consumers financial-products-and-services bank-accounts-eu index_en.htm - or lookup Directive 2014/92/EU
    • colsten
    • By colsten 18th Sep 17, 11:35 PM
    • 9,075 Posts
    • 7,884 Thanks
    colsten
    Now not accepting addresses other than Germany, Austria and Switzerland
    Originally posted by douglasangus
    I don't believe that is true. The application form most definitely takes other addresses, too.
    • eDicky
    • By eDicky 19th Sep 17, 12:53 AM
    • 3,600 Posts
    • 1,776 Thanks
    eDicky
    I don't believe that is true. The application form most definitely takes other addresses, too.
    Originally posted by colsten
    When I tried to sign up with DKB a couple of years ago, my UK address and everything else was entered and accepted, but on finally submitting the application the message appeared "Sorry, we only accept applications from residents of Germany, Austria and Switzerland". It would be useful to know if this is no longer the case.
    • colsten
    • By colsten 19th Sep 17, 11:00 AM
    • 9,075 Posts
    • 7,884 Thanks
    colsten
    When I tried to sign up with DKB a couple of years ago, my UK address and everything else was entered and accepted, but on finally submitting the application the message appeared "Sorry, we only accept applications from residents of Germany, Austria and Switzerland". It would be useful to know if this is no longer the case.
    Originally posted by eDicky
    I know this used to be the case, and I believe it has changed. I have opened a DKB account in April this year, and the only address I have is my UK address.

    That said, there are potential alternatives such as the Transferwise Borderless account. One of the advantages of that account is that you don't need to be fluent in German to open and operate the account. It doesn't have a debit card though.
    • john100
    • By john100 20th Sep 17, 11:00 AM
    • 2 Posts
    • 0 Thanks
    john100
    Hi,
    Has anyone tried to use the Ferratum Bank current accounts? I can't post a link to it here apparently.
    This looks too good to be true, considering I've been struggling to open a current account in Dublin (where I am purchasing a buy-to-let), and am getting fobbed off with various lame excuses. Any advice welcomed!
    • martinlewisjunior
    • By martinlewisjunior 21st Sep 17, 9:12 AM
    • 82 Posts
    • 12 Thanks
    martinlewisjunior
    Revolut
    Best suggestion is Revolut.

    https://www.revolut.com/

    As you can pay Euros into the account from an employer who pays in euros.

    The revolut EU account is based in Lithuiana. Under Barclays.

    No credit checks either.

    And you can receive a debit card with contactless and have direct debits etc!
    • Minunjay
    • By Minunjay 21st Sep 17, 9:52 AM
    • 2 Posts
    • 1 Thanks
    Minunjay
    Hi,
    Has anyone tried to use the Ferratum Bank current accounts?
    This looks too good to be true, considering I've been struggling to open a current account in Dublin
    Originally posted by john100
    No, but KBC Ireland accept non-residents. Otherwise, as mentioned above, Revolut is very good and quick to set up. I've got both.
    • pinchfist
    • By pinchfist 6th Oct 17, 10:38 AM
    • 1 Posts
    • 0 Thanks
    pinchfist
    I am a UK resident with a property in Spain. I am looking for an alternative to my current overseas bank (Banco Santander). I need a euro account which will allow me to set up direct debits (eg for gas, electricity) for my Spanish property. Is this practical or must I stick with a Spanish bank?
    • heathrow
    • By heathrow 7th Oct 17, 6:54 PM
    • 60 Posts
    • 33 Thanks
    heathrow
    I am a UK resident with a property in Spain. I am looking for an alternative to my current overseas bank (Banco Santander). I need a euro account which will allow me to set up direct debits (eg for gas, electricity) for my Spanish property. Is this practical or must I stick with a Spanish bank?
    Originally posted by pinchfist
    Direct debits are pan Single European Payment Area. I know KBC Bank in Ireland will let you open an account remotely and it will support euro direct debits.
    • geco
    • By geco 23rd Jan 18, 6:43 PM
    • 6 Posts
    • 2 Thanks
    geco
    German banks that let you join via webcam
    Only DKB accepts an international post code online, Comdirect needs to be done via PDF that you then post with any other information that they require from you.

    Make sure that you get it all correct and there's no mistakes as it can lead to rejection. If you get stuck let us know and we'll help otherwise Comdirect has a fantastic telephone team.

    Edit: I downloaded the PDF and it appears that they require you to do PostIndent through this method, call them and confirm you can do it via webcam. I don't have personal experience of the webcam as I did PostIndent while in Germany but it should be fine so long as you confirm beforehand.
    Originally posted by SLZ
    I just found a list of German banks that allow you to register using a webcam instead of Postident.

    Does anyone, and I'm hoping SLZ will read this, know whether any of these allow UK residents to join?

    MSE won't allow me to include the URL, but if you search for the words girokontovergleich dot net konto-ohne postident I think you'll find the list.
    • adindas
    • By adindas 1st Apr 18, 3:02 PM
    • 3,563 Posts
    • 2,212 Thanks
    adindas
    Daily cash withdrawal limit with KBC
    Daily cash withdrawal limit with KBC ?
    Based on this it is EUR650

    https://www.kbcbrussels.be/retail/en/products/payments/payment-cards/bank-cards/bank-card.html

    Is this limit applpied in the whole Europe or Just in Belgium ??
    thanks
    • adindas
    • By adindas 1st Apr 18, 4:42 PM
    • 3,563 Posts
    • 2,212 Thanks
    adindas
    Daily cash withdrawal limit with KBC?
    Based on this it is EUR650 daily limit

    https://www.kbcbrussels.be/retail/en/products/payments/payment-cards/bank-cards/bank-card.html

    I have not found any info in KBC IE.

    Has anyone tried to withdraw more than EUR 300+ in a day (but not exceeding EUR 650) outside Belgium without any problem ??
    Last edited by adindas; 02-04-2018 at 2:10 PM.
    • Preedyboi
    • By Preedyboi 2nd Apr 18, 1:28 PM
    • 38 Posts
    • 22 Thanks
    Preedyboi
    If you don’t want the hassle of opening a Euro bank account then try a currency company like Thomas Exchange, they can convert euro payments into pounds for you https://www.thomasexchange.co.uk/buyback.asp
    • adindas
    • By adindas 2nd Apr 18, 2:03 PM
    • 3,563 Posts
    • 2,212 Thanks
    adindas
    If you don!!!8217;t want the hassle of opening a Euro bank account then try a currency company like Thomas Exchange, they can convert euro payments into pounds for you https://www.thomasexchange.co.uk/buyback.asp
    Originally posted by Preedyboi
    Reasonable deal:
    - But it is still inferior exchange rate compared to specialist travel CC and DC.
    - Also consider time needed to travel to pick up currency.

    It is good if you need a small amount of currency prior to traveling abroad and do not mind to waste time traveling to pick up the currency in their office.

    The point of opening Euro current accpunt is that you could do currency exchange anytime when the £/EUR exchange rate is good to be used in the near future. So locking the exchange rate in your EURO account.
    Last edited by adindas; 02-04-2018 at 2:09 PM.
    • glider3560
    • By glider3560 2nd Apr 18, 3:20 PM
    • 3,613 Posts
    • 2,293 Thanks
    glider3560
    I've stopped using my KBC account at the moment, since getting a Revolut card. The functionality is almost the same if you don't need SEPA direct debits, but with UK based service. No fees, provided your usage isn't huge (like mine).

    • 8i6daddy
    • By 8i6daddy 2nd Apr 18, 3:33 PM
    • 84 Posts
    • 59 Thanks
    8i6daddy
    https://www.fire.com/personal/index.html

    This may be of use?
    • adindas
    • By adindas 2nd Apr 18, 4:02 PM
    • 3,563 Posts
    • 2,212 Thanks
    adindas
    I've stopped using my KBC account at the moment, since getting a Revolut card. The functionality is almost the same if you don't need SEPA direct debits, but with UK based service. No fees, provided your usage isn't huge (like mine).
    Originally posted by glider3560
    When you need £200+ a month, combine them both. You will get the best of both worlds.
    - You exchange £/EUR using Revolut when the exchange rate is favourable. You could even do it bit by bit on daily basis.
    - When the amount of EUr in your revolut is already a few hundred Euros. Transfer it to KBC using IBAN No. free of charge.
    - You could withdraw EUR using KBC Debitcard your only limitation is the daily limit
    Last edited by adindas; 02-04-2018 at 4:06 PM.
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