Best business account to be paid in euros

[Whitelime]

Fwiw, I trust FA much more than I'd trust an average accountant when it comes to multicurrency transactions because I've seen several of them make a complete pigs ear of it in the past. In FA (or similar), it's seamless and FA uses the XE.com rates (along with the invoice date and the conversion date to determine unrealized and realized gains/losses).

I really like FA too, but I think an accountant is very useful for the first few years as a contractor. Seems like RajaStyles is new to contracting and trying to DIY everything.

[jamesbrown]

Yes, even permanently (I still use one), and I would always recommend consulting with an accountant, in general, but I've had very mixed experience w/r to their understanding of multicurrency transactions and other things that are probably edge cases for a majority of contractors.

[tl97]

Cater Allen do a business Euro account with IBAN number and debit card, no fees for receiving funds and it's FSCS deposit protected, not sure you get FSCS protection with Wise. Barclays also do a Euro account.

[jamesbrown]

Cater Allen do a business Euro account with IBAN number and debit card, no fees for receiving funds and it's FSCS deposit protected, not sure you get FSCS protection with Wise. Barclays also do a Euro account.

You also pay through the nose on the exchange rate, several %. Sure, no FSCS protection with Wise, but you don't need to keep it there, it's purely for fx.