#161



While I'm about it - would anyone have a similar suggestion for other currencies such as the US $ etc, etc, etc. This is more of a curiosity than an urgent need (no, I am not an international xxxxxxxxx dealer {fill in as you please} lol!
Originally posted by PaulS43


Try Citibank UK or HSBC USA. The latter will open an account remotely for you, as you already have an account with HSBC in another country.

#162



The Dutch company can transfer Euros to your regular GBP account, of course. You will pay the exchange costs, but that's all. You should negotiate with your UK bank before the transfer if you want a decent rate.
Originally posted by RetiredInThailand


That's the worst possible suggestion, particularly if the OP has to make expenditure in EUR. Never pay the wrong currency into an account. There will be a bad rate (determined by the system) and fees. Pay EUR into a EUR account and GBP into a GBP account.

#164
http://www.britline.com/ is another option, which is good if you want an English-speaking bank, but I'd hesitate to recommend them unless you specifically want a French account because:



1. The account has a (small) monthly charge, and there are extra charges if you want a debit card and for various services

2. The account opening process is rather lengthy

3. You have declare some kind of interest in France to open one (although it doesn't need to be anything concrete)

#165



That's the worst possible suggestion, particularly if the OP has to make expenditure in EUR. Never pay the wrong currency into an account. There will be a bad rate (determined by the system) and fees.
Originally posted by NFH


We dont know that the OP has any expenditure to make in EUR. In fact from what he says it seems that he probably doesnt. Obviously if he does then he shouldn't be thinking of exchanging the EUR to GBP at all.



Assuming that this isnt the case, what is more important is how often he expects to be paid and for how long. Even if he does open a Euro account, he will still be faced with the problem of how to use the money here, and that will involve fees and exchange sooner or later.



If he relies on using a EUR denominated ATM card for withdrawing or spending his Euros in the UK then he will probably be hit with an exchange weighting also. There may be a yearly fee for the card as well.



The exchange rate and charges you get for an incoming transfer in another currency are identical to those you get for any non-booked exchange. You can negotiate to improve the rate and the difference is usually around 2% or so.



The only way he is going to reduce the fees is if he has one large transfer instead of many small ones. So maybe he could get paid yearly rather than weekly.

#166
Hi there,



I will be doing work for this firm in the UK for this Dutch firm. They have offered me a 6 month contract @ 150 € a week (to be paid in Euros). I MAY have to go to Holland 2 or 3 times during this period to see the factory so I would want to keep some money in Euros rather than convert to sterling to then convert back again. Because of my other work, I won't need to draw down the money I'll be paid in the contract every week (though I would of course like to draw someof it down and 'enjoy' the use of it - it's why we all go to work!!!!) At what point will I need to pay tax on it if it's held in a foreign bank and will the tax be paid at the rate I get when I convert??? (possibly these are questions for elsewhere)

#167



If he relies on using a EUR denominated ATM card for withdrawing or spending his Euros in the UK then he will probably be hit with an exchange weighting also. There may be a yearly fee for the card as well.
Originally posted by RetiredInThailand


Not true, as already stated - no fees. Even if he withdraws in the UK, there are plenty of EUR cash machines, e.g. Raphaels Bank, Thomas Cook and Ulster Bank.

#169
Deutsche Bank have their online banking in English - If they'd let you open one. I guess you would need to open the account in person with all the usual stuff (Passport, proof of address etc ...). But, I suppose its a nice excuse for a weekend away in sunny Deutschland. Here is what their login page looks like (in English):



https://meine.deutsche-bank.de/trxm/db/



Deutsche Bank also operate in the UK (I think), so it might be worth visiting there also ...







Email them and ask them these questions, they will respond in English if you ask them nicely - link below:



http://www.deutsche-bank.de/pbc/ser-kontaktcenter-einstieg.html

#170
A little tip for anyone else who doesn't speak German: I have found that by opening the site using Google Chrome, it is possible to have it auto translate.



Secondly. Can anybody give me an idea of whom I should go to see to ask and how much I ought to pay for having someone Certify me / that my passport belongs to me ? Would this be a solicitor (or anyone else)? And what sort of money should I pay for this service?



Many thanks, everyone

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