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04/06/2009, 14:18 kennyh Joined on 04/06/2009 Posts 2 UK/French Banks operating Euro Accounts Situation is An aquaintance (french but living in UK for all (including tax) purposes) is coming into a French inheritance and will receive euros. She has a french bank account (don't know who with) but believes her bank doesn't operate outside of France. Does anyone know of French Banks that also operate in the UK?    Report

05/06/2009, 10:37 Stan Streason Joined on 22/12/2008 Mid - Essex & Deux Sevres 79 Posts 230 Re: UK/French Banks operating Euro Accounts There must be many but you can also get a euro account from any of the leading UK banks.    Report

05/06/2009, 12:15 Pickles Joined on 23/08/2004 Posts 586 Re: UK/French Banks operating Euro Accounts  kennyh wrote: An aquaintance (french but living in UK for all (including tax) purposes) is coming into a French inheritance and will receive euros. She has a french bank account (don't know who with) but believes her bank doesn't operate outside of France. Does anyone know of French Banks that also operate in the UK? I'm not sure what the problem is here: if she has the inheritance paid into her French account, she can contact them by letter to give them instructions as to what to do with it if she does not visit France. French banks will happily send statements to UK addresses. Depending on which bank it is, she probably would be able to operate the account over the internet ... or am I missing something here? Where is she intending to spend the money? Regards Pickles    Report

05/06/2009, 12:29 kennyh Joined on 04/06/2009 Posts 2 Re: UK/French Banks operating Euro Accounts Thanks Pickles She's probably overlooked the internet aspect: but will the UK arm of the french bank readily change the currency into sterling and are there really a significant number of French banks operating in UK?    Report

05/06/2009, 13:34 P2 Joined on 13/09/2006 Surrey & 31 (near Boulogne sur Gesse) Posts 584 Re: UK/French Banks operating Euro Accounts She might be better off using one of the currency exchange companies to change the euros in to pounds and pay it in to a UK bank    Report

05/06/2009, 13:56 Pickles Joined on 23/08/2004 Posts 586 Re: UK/French Banks operating Euro Accounts  kennyh wrote: She's probably overlooked the internet aspect: but will the UK arm of the french bank readily change the currency into sterling and are there really a significant number of French banks operating in UK? Aha! so she does not want to keep the money as € then. The French bank does not need to have a UK arm. She can either: 1) pay the money into her French bank account (in France, either in person or sending through the cheque with a duly-completed paying-in slip) and then instruct them to send the money as sterling to her normal UK sterling bank account, and then do as she pleases from that; or 2) as Paul (P2) has suggested, get the money transferred directly by the notaire involved in the succession to one of the money transfer specialists who will then transfer it on to her UK bank account, probably at better exchange rates and with lower transmission costs than option 1. This option would probably require her to write to the notaire to give him/her the precise instructions of where to send it and authorise the transfer, but this is nothing difficult. Regards Pickles    Report

05/06/2009, 14:14 andyh4 Joined on 15/06/2005 Cologne and Ardèche Posts 1,232 Re: UK/French Banks operating Euro Accounts As pickles has said nothing difficult - all she needs is here IBAN (account number 22 odd digits) and BIC (SWIFT Bank code) codes for her UK account. Andy    Report

25/06/2009, 9:28 tom.daniel Joined on 25/06/2009 Posts 33 Re: UK/French Banks operating Euro Accounts in my experience there are 2 ways for her to do it 1) as mentioned above get the money sent from the notaire stright to a broker and they wil wire it across and deposit the sterling into her account. The only roblem is that there is no flexibility in when you choose the rate (maybe one or 2 days) 2) Open a EUR account with her UK bank. get the money in there, then she can move it across the pounds whenever she wants It depends on how soon she needs the pounds available. As other posters have mentined even if she puts the euros to a uk account to use a broker, as she will get a better rate for the transfer then the bank    Report

25/06/2009, 11:09 Gastines Joined on 23/08/2004 Les Gastines.St.Pere 5mins St.Malo Posts 1,122 Re: UK/French Banks operating Euro Accounts I believe Notaires fight shy of putting money into Exchange Company accounts and prefer to pay into directly into an account with the beneficiary's name. Regards.    Report

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