How to get a Foreign Currency – FX- Account in the UK

How to open a USD or Euro foreign currency account in the UK

Foreign Currency Accounts

The requirements for a currency account are usually pretty similar.

Requirements

Most banks require applicants to be at least 18 years old and resident in the UK. They can have the  account in either sole or joint names. All customers must already hold a sterling current account with the bank.

Fees

Banks may charge a monthly fee for their foreign currency account.

The most popular accounts are Pound Sterling and Euro.

  • Barclays
  • HSBC Holdings
  • Lloyds Banking Group
  • NatWest
  • Santander UK

 

Other banks that are becoming more active in the UK are:

Monzo

Starling Bank

money, home, coin

Popular Articles