Euro bank account
Personal and business euro currency bank accounts, with Barclays Wealth International
The euro is now established in most of continental Europe's major economies, so euro bank accounts for business or personal use can form a vital part of your finances.
Some people mourn the passing of deutsche marks and French francs, but the euro has rapidly become a tradable currency around the world. Alongside other industries, European banking is already reaping the benefit of reduced foreign exchange costs.
Doing business in the euro zone you will want the option of making and receiving payments in euros for that reason. Also, not banking in euros could place you at a competitive disadvantage with others who already benefit from such efficiencies.
As a UK resident non-domiciled, having a euro account means you can both receive and make payments in that currency, without having to pay foreign exchange costs or worry about currency fluctuations. Apart that is, from any tax concerns, however we can introduce you to our preferred tax advice partner, the international financial services firm, Ernst & Young.
Also, if your home country uses euros, a euro account enables you to perform transactions such as paying bills or sending money home quickly and easily.
Apply for a Barclays Wealth International bank account before you move to the UK.
You can also call us on +44 (0)141 352 3986†, or use our call back service.
Types of euro bank accounts
We offer euro-denominated current and deposit bank accounts, both onshore and offshore, for both personal and business customers. In each case these accounts can be managed online, by telephone or at a branch.
Each type of account will offer a range of credit or debit card options. Cheque books may be available on request.
Euro banking online
You can have the advantage of an online euro bank account both onshore or offshore. However, you should be aware of the regulations about making electronic payments in euros.
Payments made in euros to banks in any European Union member state and Iceland, Liechtenstein, Norway and Switzerland must include the beneficiary's IBAN (International Bank Account Number) and receiving bank SWIFTBIC (Society for Worldwide Interbank Financial Telecommunication Bank Identifier Code). These details are included on your bank statement.
Euro bank transfers
Having a euro bank account means it is easy to transfer and receive euros. Being able to do this online also means you have the advantage of speed and efficiency. Although the maximum you may send online is the euro equivalent of £50,000, you benefit from a reduction in the standard tariff rate.
Opening a euro bank account
We realise that once you have decided to have a euro bank account you will want it set up quickly. This is particularly the case if, for instance, you are soon to relocate to the UK as a UK resident non-domiciled. So we have simplified the applications procedure. Contact us now so that we can open your euro account as soon as possible.
Apply for a Barclays Wealth International bank account before you move to the UK.
You can also call us on +44 (0)141 352 3986†, or use our call back service.
You have sole responsibility for the management of your tax and legal affairs, including making any applicable filings and payments and complying with any applicable laws and regulations. We have not provided and will not provide you with tax or legal advice and recommend that you obtain your own independent tax and legal advice tailored to your individual circumstances.
† Lines are open 7am to 8pm weekdays and 8am to 5pm weekends and UK bank holidays, local time. Call charges may vary. Please check with your local telecoms provider. Calls may be recorded for training and security purposes.
The products and services described on this page are provided by the following companies, which are part of Barclays Wealth: Barclays Bank PLC in England and Wales, Barclays Private Clients International (Gibraltar) Limited in Gibraltar and Barclays Private Clients International Limited in the Isle of Man, Jersey and Guernsey. For further information on these companies and Barclays Wealth please read the Important Information.
Products and services on this site may not be available in certain jurisdictions. In particular, these products and services are not being offered in Japan or the United States or to US residents. For full details of exclusions and disclaimers please see the Important Information before proceeding. Each Barclays Wealth company reserves the right to make a final determination on whether or not you are eligible for any particular product or service.
