Hi folks,
I recently moved from Germany and holding couple thousand euros in cash. The exchange rate is terrible here in UK so i dint exchanged it to GBP yet.
Can someone help me what are my options with bare minimum exchange rate loss.
Can i open international account with my UK bank and deposit euro cash into bank physically?
So that i can use transfer wise to move around the euros or convert it to GBP.
Any other way around?
4 comments
Get a Wise account ([www.wise.co.uk](https://www.wise.co.uk)). You can then have a bank account detail for Germany and transfer into that, then for very little price, transfer it to a UK account. This will help you in the future too.
And they pay interest.
Starling, Monzo and Revolut all give you the interbank exchange rate.
Starling will let you pay cash into a Post Office.
[deleted]
Question is asked a dozen times a month on /r/ukpersonalfinance so search that sub for more details.
TLDR: Open a HSBC or Barclays Personal Currency account, deposit Euros, transfer to Wise, convert to Pounds, transfer to UK GBP account.