Euro Bank Account
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It would probably make your life a lot easier and it would definitely help you.
Euro bank account. We have updated the euro personal current account rates fees and charges document to introduce a 0 5 aer on deposits over 50 000. With a transferwise account your money will always be converted at the mid market exchange rate making them up to 8 times cheaper than banks for managing your money overseas. When you first open the account you will be given a unique european bank account number. You can be refused an account if you do not comply with eu rules on money laundering and terrorist financing.
It s a like having a euro denominated bank account and a british pound polish zloty us dollar new zealand and. Eu bank account via transferwise banking facilities receiving payments. From 1st november 2020 you will be charged interest for holding deposits over 50 000. Get your own european bank details and debit card just like a euro bank account for up to 8x cheaper.
This will resemble an iban. If you re applying for a basic payment account outside the country where you live banks in. In some eu countries you may be refused a basic bank account if you already have a similar account with another bank in the same country. The bottom line is that you make or receive payments in euros so much you might as well have a euro bank account.
If your primary objective of opening an eu bank account as a non resident is sending and receiving payments in euros then transferwise has you covered.
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