Opening a Euro Bank Account from Canada

cjsedwards
New Member



Joined: 30 Jul 2007
Posts: 1
Location: Calgary

Posted: Mon Jul 30, 2007 12:22 pm

 

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Hello!

My cousin and I are moving to Ireland in September, but first we will be traveling around Europe for 2 months. To save money we would like to convert all of our money to Euros in one big lump sum before we leave.

The problem we have is we don't have a bank account to transfer the Euros into. Does anyone know of a way to open a Euro bank account in Canada, or open one in Europe from Canada?

Thanks!

Christopher Edwards

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terry933
New Member



Joined: 06 Oct 2007
Posts: 6
Location: Kabul, AF

Posted: Sat Oct 06, 2007 6:19 am

 

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With the new "know your customer" security measures with European banks you have to be present at the branch in order to open a European account. It's possible for a non-resident to open an account in Europe with your passport. If you just want to exchange funds from dollars to Euros you can go into your bank and they will do it for you at a fair exchange rate. They usually need up to a week to order large amounts of foreign money and it's withdrawn from your account.

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