Ask the Collective

How do UK drinks companies set up Euro trading accounts for export customers?

Members recommend using **Wise** (formerly TransferWise) as the straightforward, cost-effective route. It's simple to set up a Euro account through their platform, with competitive exchange rates and low fees. The online interface is praised as user-friendly. Some members explored dedicated FX account providers but found that **Wise** offered comparable rates with a better digital experience, making it the preferred choice for most of the group. Members warned against services with excessive fees—one provider was flagged for charging 6-12%, which was considered prohibitively expensive compared to alternatives.