What is the best cash-back bank account in the UK?
Yes, you can hold multiple currencies in your UK bank account. Most banks offer the opening of multi-currency accounts for individuals. Such bank accounts with multiple currencies provide storage, management, and transfer of funds in different currencies. Therefore, if you often carry out international transactions, travel, or financial transactions in various countries, opening an account in euros or other foreign currencies is extremely necessary.
Let's consider in more detail the features of such accounts that should be taken into account when choosing:
- Keep multiple currencies. The advantage of such an account is that by opening one account, you can store and manage funds in different currencies such as USD, EUR, GBP
- Currency exchange. A multi-currency account makes it possible to quickly and easily convert between different currencies at favorable exchange rates.
- Making international transactions is very easy. You can send and receive money in multiple currencies without having to convert. This accordingly saves your time and minimizes conversion costs
- Multi-currency debit cards can be a bonus to a multi-currency global account. Not all banks offer this service, but there are such offers.
- Online and mobile banking make it easy to manage and access funds and transactions. Therefore, when choosing a bank, we recommend paying attention to the functionality of its Internet banking.
Can I open a global account in the UK?
Yes, you can open a global account in the UK. A global account, also known as a multi-currency account, allows you to hold, manage, and transfer money in multiple currencies. This can be especially useful if you frequently travel, work, or conduct business internationally.
Features of Global Accounts:
- Multiple Currencies: Hold and manage multiple currencies within one account.
- Currency Conversion: Convert money between currencies, often at better rates than traditional banks.
- International Payments: Send and receive money internationally without needing to convert currencies each time.
- Debit Cards: Some accounts come with debit cards that you can use to spend in different currencies.
You can also place free funds on a savings account.
Calculate your future income on a savings account (example):
| Amount, $ | Rate, % | Accrued %, $ |
| 30,000 | 4.25% | 1,275 |
| 30,000 | 4.30% | 1,290 |
| 30,000 | 4.35% | 1,305 |
| 80,000 | 4.75% | 3,800 |
| 80,000 | 4.80% | 3,840 |
| 80,000 | 4.85% | 3,880 |
| 190,000 | 5.25% | 9,975 |
| 190,000 | 5.30% | 10,070 |
| 190,000 | 5.35% | 10,165 |
| 340,000 | 5.75% | 19,550 |
| 340,000 | 5.80% | 19,720 |
| 340,000 | 5.85% | 19,890 |
Who offers bank account in euros?
Several banks and financial institutions in the UK offer euro bank accounts. These accounts allow you to hold, manage, and transact in euros, which can be beneficial if you regularly deal with the Eurozone: 1. HSBC, 2. Barclays, 3. Lloyds Bank, 4. NatWest, 5. Revolut, 6. Wise, 7. Monese, 8. Starling Bank, 9. Citibank
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Details of companies offering the financial services:
AIB Group (UK)
Head office’s address: 1 Undershaft, London EC3A 8AB
Phone: +44 (020) 764-733-00
Web-site: https://aibgb.co.uk
Swift code: AIBKGB2LXXX
Reference number: 122088
ABN: NI018800
BSB: AIB
Barclays Bank
Head office’s address: 1 Churchill Place, London E14 5HP
Contact center: 0800-400-100
Phone: +44 (034) 5734 53 45
Web-site: http://www.barclays.co.uk/
Swift code: BARCGB33
Reference number: 122702
Stock code: BARC
ABN: 01026167
BSB: BARC
Chase
Head office’s address: 4 Lombard St, London EC3V 9AA
Contact center: 0800 376 3333
Phone: +44 203 493 0829
Web-site: https://www.chase.co.uk/gb/en/
Credit Suisse (UK)
Head office’s address: One Cabot Square Canary Wharf London, E14 4QJ
Phone: +44 20 7888 8888
Web-site: https://www.credit-suisse.com/uk/en.html
Swift code: CSUKGB2LX
Reference number: 124269
Stock code: 0I4P
ABN: 02009520
BSB: CSUK
First Direct
Head office’s address: 40 Wakefield Road, Leeds LS98 1FD
Contact center: +44-345-610-0100
Web-site: https://www.firstdirect.com/
HSBC Bank
Head office’s address: Unit 8, Canada Square, Retail, London E14 5AH
Phone: +44 345 740 4404
Web-site: https://www.hsbc.co.uk/
Swift code: HBUKGB4B
Reference number: 114216
Stock code: HSBA
ABN: 00014259
BSB: HBUK
Kroo Bank
Head office’s address: Labs House, 15-19 Bloomsbury Way, London
Web-site: https://www.kroo.com/
Lloyds Bank
Head office’s address: 25 Gresham Street, London EC2V 7HN
Contact center: 0345-300-0000
Web-site: https://www.lloydsbank.com/
Swift code: LBGTGB22
Reference number: 119278
Stock code: LLOY
ABN: 00002065
BSB: LBGT
Monzo Bank
Head office’s address: Broadwalk House, 5 Appold St, London EC2A 2AG
Contact center: 0800 802 1281
Phone: +44 20 3872-0620
Web-site: https://monzo.com/
NatWest Bank
Head office’s address: 250 Bishopsgate, London, EC2M 4AA
Contact center: 0800-88-11-77
Phone: +44 345 788 8444
Web-site: https://www.natwest.com/
Swift code: NWBKGB2
Reference number: 121878
Stock code: GBP1
ABN: 00929027
BSB: NWBK
Post Office
Head office’s address: 12 Eastcheap, London. EC3M 1AJ
Contact center: +44 345 722 3344
Web-site: http://www.postoffice.co.uk
Revolut UK
Head office’s address: London
Web-site: https://www.revolut.com/
Santander
Head office’s address: 2 Triton Square, Regent's Place, London, NW1 3AN
Contact center: 0800-389-7000
Web-site: http://www.santander.co.uk/
Swift code: ABBYGB3E
Reference number: 106054
ABN: 02294747
BSB: ABBY
Starling Bank
Head office’s address: 5th Floor, London Fruit And Wool Exchange, 1 Duval Square, London, E1 6PW.
Phone: +44 20 7930 4450
Web-site: https://www.starlingbank.com/
Swift code: SRLGGB3L
Reference number: 730166
Stock code: STERLNB
ABN: 09092149
BSB: SRLG
The Currency Club
Head office’s address: 50 Harrowby St, London W1H 5EE
Contact center: +44-20-7723-7000
Web-site: https://www.thecurrencyclub.co.uk/
Wise
Head office’s address: London
Web-site: https://wise.com/