I'm going to the UK and Italy for 5 months for work and am having trouble getting the banking situation worked out.
My wife and I are very excited to be about to embark on a 5-month stint in Europe, spending August and September in London and October through December in Italy. I'll be working for my employer's London office the whole time, getting paid in pounds sterling.
I think we need both
- A pounds-denominated bank account into which I can deposit my pay, and
- Some kind of credit card that will help us minimize the extra cost of being paid in pounds and spending in pounds while we're in London and in Euros while we're in Italy
All we have now is our US bank accounts (through Wells Fargo, which doesn't seem to have a European presence at all) and credit card.
It seems that because we won't be UK residents given that we're only in the UK for 2 months, the major UK banks won't offer us UK bank accounts, so I believe we have to get a pounds-denominated account that's located somewhere other than the UK.
I've read past questions (including this one
) but haven't had any luck (even with ABN AMRO, who that user went with) finding any account like that that doesn't have a large minimum required balance, which we're not going to be able to meet.
Does anyone have any idea where normal people who don't qualify for the wealthy-individual type expat services (like this
) can get an account to deposit pounds into?
I'm hoping that whoever is able to offer me that kind of account can also help out with getting a credit card that I can pay in pounds but will charge minimal fees when we use it in Italy. Any ideas on that front? (I know there are US-based credit cards that offer low-fee international transactions but that would require converting my payment back into dollars which I'd rather not have to do more than necessary.)