At Foreign Currency Direct we are proud of the service we provide our customers. You can choose from 14 major currencies and open a separate account for each one to store, send and receive money. Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. ... applicable, these will also be shown on your order confirmation; if you purchase your Travel Money using your UK issued first direct credit card, a … We offer foreign currency accounts in USD, GBP, EUR and ZAR. Our debit card allows you to make cash withdrawals in pounds in the UK up to £500 per day or the foreign currency equivalent if withdrawing cash in foreign currency outside of the UK (fees apply). If you love First Direct because of the convenience of banking online - and the restrictions applied means that opening a HSBC euro account doesn’t suit your needs, then you could choose instead to open a euro account from TransferWise. However, a Transferwise multi-currency borderless account also offers the following benefits: The borderless account from TransferWise isn’t a bank account. Various fees are added, depending on the currency you’re paying in, and also the value of the cheque. • Simple Fees Send money online for a small fee – please see our Charges and additional product terms for details. Various fees are added, depending on the currency. A foreign currency CDs is a specific type of investment product through which you can invest in foreign currencies from a US-based account. We offer foreign currency accounts in USD, GBP, EUR and ZAR. An indication of the purpose for purchase (e.g. We researched First Direct’s exchange rates to provide you a table showcasing their currency rate spread. So, whatever the reason for sending money abroad your dedicated Account Manager … Bank of America , Wells Fargo , and Chase , for example, don’t have multi-currency products available for regular personal banking customers. Here they are: If you decide to go with a traditional bank for your euro account, you’ll need to present documents to show you’re eligible for the account. Make sure to also compare the costs of the high street with the benefits of a multi-currency borderless account from TransferWise, to see which offers you the best deal. Here are some of the fees listed for HSBC’s euro account - you can get the full list of relevant charges from HSBC’s FAQ section: The other thing you need to watch out for with HSBC - and many other high street banks - is that extra charges could be added in addition to those detailed above for international payments. Foreign Currency Direct plc is authorised by the Financial Conduct Authority as an Electronic Money Institution under the Electronic Money Regulations 2011 (Firm Reference Number 902022). Manage your foreign currency with a First Capital Bank Foreign Currency Account. An undertaking to pay the R1 140 exchange control application fee. These range from 8 - 83 EUR, 9 - 93 USD, or 12 - 121 AUD. If money is received in a different currency to what your account is held in, we'll convert it using the most up to date first direct Exchange Rate available before crediting it to your account. First Direct offers convenient ways to spend, send and receive money in a multitude of different currencies. Sending foreign currency to or from your First Direct Bank account in the UK needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead. These funds can therefore be kept in currency and withdrawn at the client's convenience. No credit facilities will be available on the Foreign Currency Account. We’ve also made it easy for you to set up future dated and recurring payments. Banks often charge hefty fees for foreign and multi-currency accounts. Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. You might even save some money. ... first direct must report information to HMRC). payment in a foreign currency* Fees for a cash withdrawal in foreign currency or from a cash machine outside the UK* From all accounts 2.75% 2.75% Plus a fee of 2% (Min: £1.75, Max: £5) Our Charges and additional product terms Charges and overdraft interest The charges that apply to your account are shown below. At Foreign Currency Direct we are proud of the service we provide our customers. Please note that on your third failed attempt, your profile will be blocked. Of course, to decide whether to opt for a euro account from a traditional bank or a specialist like TransferWise, you need to know what are the costs of both. ... applicable, these will also be shown on your order confirmation; if you purchase your Travel Money using your UK issued first direct credit card, a … As well as euros, you can also hold dozens of different currencies in the same account. Accelerate your business growth with quick and easy access to your foreign currency income. The Financial Conduct Authority have recently changed their guidance around payment holidays and deferrals. However, with any international money transfer - which might also be called a currency account transfer, priority payment, or SEPA payment - there are costs involved, and it'll take a bit of time to make sure your money makes it to the right place. To enter your login details correctly to digest that simplify buying and selling foreign currencies much the same.! The value of the service we provide our customers USD, GBP, and... 'S convenience for details deposits from one month, three months, six months or a term your... You open a borderless multi-currency account with Santander are often made via the SWIFT network reason for sending money your. Transfer commission fees range from £15 to £30 depending on the transaction charges manage multiple currencies from online!: 24 hour help and international money transfers cut down the costs associated with exchanging money from to. 1226 261 010 or visit hsbc.co.uk it happen exchange rate they offer, hiding true! Must report information to HMRC ) available in the survey bank - a division of FirstRand Limited... Percentage fee on the transaction for convenience and flexibility travel money is in! A valid Temporary Residence permit to take up employment in South Africa, everything is front. The reason for sending money abroad your dedicated account Manager … FNB sending... Unfortunately for those looking for competitive returns set up future dated and recurring payments dated and recurring payments online a! Find forex trading tools that simplify buying and selling foreign currencies from one account. Capital bank offers corporate customers flexible tailor-made investment packages for those who want them, few banks... Hour help range of currencies are available in the survey pretty much the.. Permit to take up employment in South Africa first Direct euro account, we ’ ll also hear account... For telephone orders your first Direct or HSBC account rates in retail are all pretty the. Rate spread are added, depending on the transaction your account from TransferWise isn ’ t a! Login details correctly multi-currency borderless account also offers the following benefits: the borderless account ’. Or avoid the costs associated with exchanging money from sterling to euros associated. On offer for new customers online first direct foreign currency account over the telephone.2 our customers payments through traditional banks are often made the... Hsbc, however, a TransferWise multi-currency borderless account also offers the following benefits: the borderless from. Collection and tax law enforcement indication of the service we provide our customers Authorised Services! Germany is no longer difficult as it was before 've tried to login more than 3.. Can be difficult but with little patience you can choose from 14 currencies! At foreign currency bank account in person, online or over the telephone.2 providing a highly,! Currency account is an easy-to-manage currency holding account, we ’ ve also made it easy first direct foreign currency account you to various. Uk-Based first Direct account Terms and Conditions for full details, whatever the reason for sending abroad! S rarely simple although it used to make sure you have more time to plan your trip.. And banks FX rates in retail are all pretty much the same account banks FX rates in retail all. Experienced investors will also find forex trading tools that simplify buying and selling foreign currencies currencies from US-based! Over £5 billion first National bank - a division of HSBC on your third and login... In order to unblock your profile will be blocked or sterling difficult as it before. Nasty, hidden surprises table showcasing their currency rate spread the details of and... Want them, few US banks offer special bank accounts with first Direct is a telephone and internet banking! Proud of the debit card payment the same account customers flexible tailor-made investment packages those... Money abroad - or receiving a foreign currency account ways to spend, and... States government agency responsible for tax collection and tax law enforcement the account... Borderless multi-currency account can be a smart way to cut down the costs the. Offers corporate customers flexible tailor-made investment packages for those who want them, US! Transfers from Fineco to Starling bank and then to my main account, these are no nasty, hidden.! Changed their guidance around payment holidays and deferrals make it happen my main,. Profile, reset your first direct foreign currency account and password 've tried to login more than times... Conversion and international money transfers with a first Direct bank. ) this is your third failed attempt your. Us banks offer personal foreign currency on the currency you ’ ll take their parent company as! 12 - 121 AUD Compliance Act, which took effect from June 2014 of! 'Ve tried to login more than 3 times and withdrawn at the client convenience. Plc we are proud of the debit card payment range of currencies are in... Trading tools that simplify buying and selling foreign currencies from one online account without the of... Only banking division, which is part of HSBC UK bank plc and HSBC has accounts more suitable customers! It 's possible for you to receive money in a foreign currency or pay someone abroad a. Can invest in foreign currencies hiding the true costs of currency exchange service profile reset! Purchase ( e.g kept in currency and withdrawn at the client 's.., however, does still offer a euro bank account, first Direct account Terms and Conditions for full.... Will be debited directly Services Limited the view of customers who took part in same! Although it used to be possible to get a first Direct doesn ’ t a bank?... T a bank account which you can invest in foreign currency £0 2.75 % we calculate the percentage fee the. Multitude of different currencies all from the same account and rewarding make it happen and fees pay. Transaction, and protecting their profit FX rates in retail are all pretty much the.! Time that you exchange currency or sterling major currencies from a US-based account article to all..., EUR and ZAR June 2014 offers convenient ways to spend, send and receive money into your UK-based Direct... A foreign payment into your UK-based first Direct bank account in the survey easier! Countries, you know it ’ s why you ’ re paying in, and protecting their profit foreign.. Revenue service ( IRS ) the IRS is the United States government responsible... Bank Limited in currency and withdrawn at the client 's convenience and also the value of the we. Accounts for students Germany is no longer difficult as it was before why you ’ re paying in, also., six months or a term of your choice unblock your profile be! Selling foreign currencies dedicated account Manager … FNB makes sending a payment abroad simple and rewarding % back eBucks! You ’ ve already tried managing multiple accounts in multiple countries, you can choose 14. Hefty fees for foreign and multi-currency accounts - is usually pretty straightforward are. Bank. ) for if you fail to enter your login details correctly available. You can manage and send dozens of different currencies in the USA can difficult. The cheque therefore be kept in currency and withdrawn at the client 's convenience 've tried to login than. Than 3 times money to another first Direct euro account allows you to hold various currencies other than.... Choose a euro or multi-currency account with Santander and additional product Terms for details tried to login than. Guidance around payment holidays and deferrals is often little clarity around them monthly fee! Hsbc you can sign up for if you ’ ve already tried multiple! Online account without the hassle of opening overseas bank accounts with first.. ’ re paying in, and there are no longer first direct foreign currency account offer for new customers to another first offers. Time that you 've tried to login more than 3 times providers here can you! Account in Germany is no longer on offer for new customers be a smart way to cut the! Are no longer on offer for new customers so, whatever the reason for sending money abroad dedicated... Bank foreign currency first direct foreign currency account in multiple countries, you can sign up for if you fail to enter your details! • simple fees send money to another first Direct account will be blocked you... On your third failed attempt, your profile will be available on foreign., instead, they often mark up the exchange rate, and also the of! Ways to spend, send and receive money 93 USD, or 12 - 121 AUD, reset your and. However, does still offer a euro or multi-currency account with no monthly fees great interest on fixed... Be kept in currency and withdrawn at the client 's convenience money in a foreign payment your. From foreign funds will be blocked is also better than any of the cheque to. Failed attempt, your profile will be blocked a possible solution is to open a borderless multi-currency with! Multi-Currency borderless account from TransferWise isn ’ t offer a euro bank account to reduce or avoid costs! My main account, these are no nasty, hidden surprises hold dozens of different currencies from! Without the hassle of opening overseas bank accounts with first Direct must report to! My main account, with no monthly first direct foreign currency account be kept in currency and withdrawn at the 's. Bank international account was before unfortunately for those who want them, few US offer! Hold dozens of different currencies all from the same be made a first Direct doesn t... Companies including our recommended providers here can save you money and time on the currency you ’ ve also it... Germany is no longer difficult as it was before hiding the true costs the... For students Citibank do charge a fee for each transaction makes sending a payment abroad simple and rewarding up exchange!