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Posted - 07/06/2011 : 12:05:09 PM
Non resident banking in euros
Opening a UK non resident bank account in euros
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.
http://www.res-non-dom.barclays.com/euro-bank-accounts/
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