I'm about to start a new gig. Although it's based in the UK, I will be paid in Euros. Has anybody got any bright ideas where I can get a Euro account? Any recommendations?
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Paid in Euros
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Psychocandy knows a lot about this and there has been a couple of people asking exactly the same question recently.
You could try a search to see what they decided to do.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by stek View PostDon't bother - just take the hit - u'll have to somewhere down the line.Comment
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It may be better to take the hit but it is sometimes a requirement to have a Euro account in order to be paid. It is worth checking what each bank are charging. It is inevitable that you will be charged for receiving the payment but some banks also have a fixed monthly charge.
My advice would be to minimise activity in the account as much as possible due to the charges and the accounting complications. The majority of our clients simply use it to receive payment and then transfer the money to a sterling account at a time that suits them, which is usually at a time where the money is needed or when the exchange rate becomes favorable. If the account is used to pay salary, expenses etc. things get a little more complicated!
I hope this helps.
MartinComment
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I have heard that Citibank are good at stuff like this, although I am unsure what the criteria are (perhaps look on their website). They have a branch at Canary Wharf for sure.Comment
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Originally posted by northernladuk View PostPsychocandy knows a lot about this and there has been a couple of people asking exactly the same question recently.
You could try a search to see what they decided to do.In Scooter we trustComment
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Euro account (citi or likewise) - then Transfer Money Online | Send Money Abroad with TransferWise to bring back.Comment
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