Best banking solution for being paid in pounds, but living on euros?
August 24, 2013 1:17 PM Subscribe
For the next three years, I will be paid in sterling pounds as an UK employee. However, I will be living in the Netherlands for the next 1-3 years (so, potentially during the whole contract). What is the best solution for a bank account that takes in pounds, but allows me to spend euros? I would like a Dutch, euro bank account for the time that I am in the Netherlands. I want to try to avoid transferring all of my salary to euros, as I may move to the UK soon... and transferring pounds to euros and back to pounds seems like a waste of money.
posted by Peter Petridish to work & money (9 answers total) 2 users marked this as a favorite
-Getting an account in the UK appears to be incredibly difficult, as I am not a British citizen.
-I will have less than 10,000 euros in the account, which limits some international banking options.
-I would prefer to stay away from the huge banking conglomerates (Citibank, HSBC, ect.). If there are no other options, is it easy to set up an account with them?
-My other banks are a local credit union in the United States and a German bank account.
-I have talked with the big three Dutch banks in my area (ING, Rabobank, and ABN-AMRO), and they all don't know what to do with me.
I realize that an ideal solution might not be possible. But, what is the closest that I can get to?