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  • FIRST POST
    • TheOnlyOne
    • By TheOnlyOne 10th Jul 18, 7:37 AM
    • 1Posts
    • 0Thanks
    TheOnlyOne
    How to put euro notes to bank account.
    • #1
    • 10th Jul 18, 7:37 AM
    How to put euro notes to bank account. 10th Jul 18 at 7:37 AM
    Hi there I have some savings in euro notes that I have been collecting through years and I would like to put them on my currency account in HSBC to not worry about them being left in home. I created a currency account online then went to branch to put that cash into that account but they don't allow that Is there any other option to put my savings into account or should I just convert it?
Page 1
    • pochisoldi
    • By pochisoldi 10th Jul 18, 9:50 AM
    • 147 Posts
    • 88 Thanks
    pochisoldi
    • #2
    • 10th Jul 18, 9:50 AM
    • #2
    • 10th Jul 18, 9:50 AM
    Hi there I have some savings in euro notes that I have been collecting through years and I would like to put them on my currency account in HSBC to not worry about them being left in home. I created a currency account online then went to branch to put that cash into that account but they don't allow that Is there any other option to put my savings into account or should I just convert it?
    Originally posted by TheOnlyOne
    The only time a UK bank deals with foreign notes is when they buy or sell them as part of a forex transaction so they can make money on the exchange rate. A currency account is only useful to receive and send electronic payments in that currency without having to change to/from sterling.

    Find someone who is going to the eurozone and sell them directly, using a rate between the buy and sell rates quoted by a bureau de change.
    That way you get more for your and they get more for their .

    Personally, for USD, and Euro, I just manage how much cash I have when I come back, and keep the balance in a cashbox at home ready for the next trip.

    PochiSoldi
    • DCFC79
    • By DCFC79 10th Jul 18, 2:00 PM
    • 32,915 Posts
    • 20,729 Thanks
    DCFC79
    • #3
    • 10th Jul 18, 2:00 PM
    • #3
    • 10th Jul 18, 2:00 PM
    Hi there I have some savings in euro notes that I have been collecting through years and I would like to put them on my currency account in HSBC to not worry about them being left in home. I created a currency account online then went to branch to put that cash into that account but they don't allow that Is there any other option to put my savings into account or should I just convert it?
    Originally posted by TheOnlyOne

    Are you due to go back again ?
    If you are then keep them somewhere safe.
    • venomx
    • By venomx 10th Jul 18, 2:13 PM
    • 173 Posts
    • 22 Thanks
    venomx
    • #4
    • 10th Jul 18, 2:13 PM
    • #4
    • 10th Jul 18, 2:13 PM
    Asda near me guarantee to have the best exchange rates for money
    • pochisoldi
    • By pochisoldi 10th Jul 18, 2:34 PM
    • 147 Posts
    • 88 Thanks
    pochisoldi
    • #5
    • 10th Jul 18, 2:34 PM
    • #5
    • 10th Jul 18, 2:34 PM
    Asda near me guarantee to have the best exchange rates for money
    Originally posted by venomx
    For the best deal, order online via Topcashback and collect in store.

    I bought USD from Asda before a recent holiday, and due to the relative volatility of the pound vs dollar, I ended up getting a better rate on cash a week before I left than I got on most card spending a week later...

    The one time I deviated from my normal pattern, I dropped lucky. Usually I take whatever I had from last time and find a cash machine at a bank when I get to where I'm going.

    PochiSoldi
    • benjus
    • By benjus 10th Jul 18, 2:37 PM
    • 5,234 Posts
    • 3,228 Thanks
    benjus
    • #6
    • 10th Jul 18, 2:37 PM
    • #6
    • 10th Jul 18, 2:37 PM
    The only time a UK bank deals with foreign notes is when they buy or sell them as part of a forex transaction so they can make money on the exchange rate. A currency account is only useful to receive and send electronic payments in that currency without having to change to/from sterling.
    Originally posted by pochisoldi
    I don't have first-hand experience of it, but the Barclays Euro account appears to be an exception to this:

    https://www.barclays.co.uk/content/dam/documents/personal/savings/euro-savings-account-and-currency-deposit-account.pdf

    Euro notes paid into a euro account - Free
    Let's settle this like gentlemen: armed with heavy sticks
    On a rotating plate, with spikes like Flash Gordon
    And you're Peter Duncan; I gave you fair warning
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