Which UK bank account for the year abroad?

Has anyone set up a new UK bank account for the purpose of going abroad? I am wondering if there are any with particularly low transfer/withdrawal charges (as Erasmus+ grant will be paid in to this account). Understand that using a transfer service is also a way to avoid charges and the hassle of setting up a new account, but wanted to see if there are any banks people recommend.

This question was asked on 29th May 2015 and has been read 1893 times.

  • Connie Searle · 7 years ago

    Hi there,

    I'd definitely recommend MetroBank - they have free withdrawals from ATMs in Europe, and also no charge to pay for things using the card itself. I set one up before going on a summer course in Portugal for a month, and the card worked well, and was definitely the cheapest bank account I'd ever used. The bank's based in London, but if you're not near London I don't think you actually need to go in to make an account.

    Hope this helps.

  • Anonymous Answer · 7 years ago

    I didn't set up a new bank account in the UK before I left, but instead I relied on a Caxton FX currency card to use abroad. It has free withdrawals abroad and better exchange rates than you would get if you use a UK card to withdraw money abroad, and was very easy to use. I would definitely recommend it as a supplement to a UK bank account - also because you know how much money you have in euros, instead of checking the exchange rates on days of withdrawals. 

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