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    This might seem like a silly question but I'm not sure if there's any legal issues here that someone might be able to help me with. I live, work and pay tax in the U.K. I have a current account here into which I'm paid. Just wondering if it's legal for me to have another bank account overseas? I spend a lot of time in Ireland for leisure and it'd be convenient for me to hold a current account in Ireland, into which I can transfer money to withdraw when I'm over there and also to hold my Euros. Is this allowed.
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    This depends on whether or not you have an Irish passport. If you do, you should be entitled to opening a bank account and holding Euro currency in that account. If you do not have an Irish passport, then you may need to check the specific bank accounts that banks in Ireland offer to foreigners.

    Alternatively, you could look at the following credit cards which offer high value currency conversion (at the MasterCard wholesale rate). There are no foreign transaction fees, nor currency conversion fees charged whilst using them outside the UK. Do not forget that all credit cards have an interest rate if you do not pay in full at the end of each month and that a credit card may not be the correct product for you.

    http://www.santander.co.uk/uk/credit...ro-credit-card
    http://www.halifax.co.uk/creditcards/clarity-card/
    http://www.postoffice.co.uk/credit-card/platinum

    Or, if you live in Cumberland, the Cumberland Building Society offers a Visa debit card on their account without foreign transaction fees or currency conversion fees. Take a look at the link below. However, you must live in Cumberland.

    https://www.cumberland.co.uk/current-accounts/abroad

    Hope this helps!
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    (Original post by americandragon)
    This might seem like a silly question but I'm not sure if there's any legal issues here that someone might be able to help me with. I live, work and pay tax in the U.K. I have a current account here into which I'm paid. Just wondering if it's legal for me to have another bank account overseas? I spend a lot of time in Ireland for leisure and it'd be convenient for me to hold a current account in Ireland, into which I can transfer money to withdraw when I'm over there and also to hold my Euros. Is this allowed.
    Of course it's legal! The problem is not one of legality, but of opening an account Ireland when you're not resident there - most banks will not allow foreigners to do this. If you need to bank/transact in Euros, you'd be better off by opening a foreign currency account denominated in Euros at your current UK bank - most mainstream banks offer these accounts (usually there's a maintenance fee and/or minimum balance)
 
 
 
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