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June 10, 2016, 11:14:05 AM |
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Don't know if people are still interested in this topic, but here's my tuppence:
In the past, Citibank would be the definite answer. I have been holding an account with them for over sixteen years now and their service has been very good:
a) no SEPA fees (which are indeed illegal, but somehow the banks get away with ignoring that). Barclays still charging £13 per transaction, most other banks take between £5 and £8. Does anyone complain? Don't look like it.
b) You can hold a Euro account and a Dollar account additionally to your Sterling account and shift between them online. Conversion rates are reasonable, usually better than those found at other banks or the Post Office.
However, this is now changing: from 20th of June this year you will have to pay a hefty £15 per month for the privilege to have a Citibank account at all (unless you keep a minimum of £35.000 in the account or are crediting a minimum of £ 3.500 per month to it). Just received an email to that tune. As I am not in such a salary bracket, I will leave this institution and find another suitable one. Pity really as they were pretty good.
So again the question is: which bank actually adheres to that EU directive and does NOT charge SEPA fees?
Anyone any answers please?
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