The BEST & WORST Multi-Currency Accounts: Revolut, Wise, HSBC & MORE

In this video we'll look at the UK's BEST and WORST multi-currency accounts. Comparing Wise, Revolut, HSBC Global Money, Barclays foreign currency accounts AND Starling Bank's EUR account. If you're looking for a foreign currency account, this video should help you choose.

Monito is an independent comparison platform and publisher. Our product and service reviews — like this one — are produced independently by our employees, and recommendations given are our own.

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Chapters:
0:00 Intro
0:21 Wise Multi-Currency Account
0:41 Revolut
1:36 Wise & Revolut Savings Interest
1:57 Get 3 Months of Revolut Premium for FREE
2:16 Wise & Revolut Available Currencies
2:37 Why Exchange Before You Travel
3:28 Wise & Revolut Similarities
3:35 Wise & Revolut Fixed Fees
4:10 Wise & Revolut Customer Service & Feedback
4:47 How Wise Protects Your Money
5:07 HSBC & Barclays
5:14 HSBC Global Money Account
6:45 Barclays Foreign Currency Accounts
7:26 Starling Bank EUR Account
8:00 Final Recommendations

[michelpohl]

I was about to start getting paid in a foreign currency and you litterally saved me from a month of headaches comparing options; thank you so much!

[Uftrr]

HSBC offers a currency account which gives you local details for multiple currencies. In my comparisons HSBC offers better value than Wise because it doesn't charge a fee. However, I agree they are not transparent. Revolut is still best for up to 1000£. Revolut also gives you vaults with 0.9% interest for euro account for free and its FSCS protected.

[davidcollier]

Many thanks for posting this, it seems a really well informed and objective summary of modern multi-currency banking and gives plenty of food for thought!

[RandleMcMurphey]

In 2012,  HSBC Holdings' agreement to pay a $1.9 billion fine points to a lack of adequate control processes in compliance and anti-money laundering. HSBC provided money-laundering services of more than $881 million to various drug cartels including Mexico's Sinaloa cartel and Colombia's Norte del Valle cartel.

[crazyg]

I'm late to this party, but I did open the HSBC account and their rates to convert between currencies were rather terrible. I closed the account without using it.
Wise is so much better, at least for my use.

[pooman]

I have both wise and resolut cards for international purposes

[NITROUSOXIDE]

Thanks for the video man. I was really going for a HSBC card cause they sounded more established but apparently their offerings is just not as versatile as wise. Only thing bothering me about wise is that its not FSCS protected, its a bummer. I'll see how that goes.

[aviationaddict_]

I use the HSBC Global Money Acc, but I use it paired with a USD Currency Account.
This means for me that I can buy my USD very very cheaply at my local travel agents and the deposit that cash into my USD Account and then when I need to spend it on a card, just transfer it to my Global Money card, with no fees - one thing to note is and this is HIGHLY annoying, HSBC Branches only accept foreign bank notes not coins, lukily enough if your local travel agents are as awsome as mines are then you could ask them if they would exchange your 5x 20cents coins for a 1dollar note XD yes i have done that and HSBC gladly accepted it

[Scubajunky]

Which is best for Bank transfer to Indonesia ? HSBC or Revolut ?

[albanbytyqi]

Thank you for this great vid. Can I ask, does this mean that while you are living in the UK and someone needs to send you some Euros, will the Euro sent to you land in your account as Euros or as GBP?

[playingwithconsciousness]

thanks! What kind of account would you recommend to also receive multiple currencies?

[cystraltemp]

I have a USD bank draft to deposit. I would prefer to deposit to a USD account so that i dont lose out with regards to conversion and will be able to spend from it when i visit the US. 6:01 Paying cheques into Revolut is difficult. What is the best way to go about this?

[pretty__yawdapaah]

I like your smile over all your videos 😊

[idya]

Very helpful video. Question please.
I reside in the UK, which do you think is the best option in terms of opening a usd account for the purpose of paying school fees directly to a university in Georgia?
Also if I have a wise account with usd currency, can I transfer that to a revolut account?

[varughesejohn]

I am presently resident in UAE. Now planning to move to New Zealand after few month's. I wish to open an HSBC global money account. What's is opinion. Is itcaxgood decision ???

[liban]

HSBC money account has a better exchange rate than my Revolut Business! I have tested.

[ahmadadel]

I have had a bad experience with Wise bank since they closed my account with no reason as exactly they mentioned, It's really frustrating. How to complain them?? Please advise

[Susan_Brandy]

Hi Monito, I’m moving to the USA soon. What is the best way to transfer funds required for home buying?

[ashliegreenan]

Hi. Was considering the HSBC acct as we live in Australia but have family in the uk that put money in acct for Bdays, Xmas etc and apparently no transaction fees if we use that money here ? We are also making a trip back to uk and Europe later in the year so thought same account would be good for loading our money into and spending there also ? Am I wrong?? Would one of the others be better for us. Totally confused now.

[asmeranii]

WISE is a never for me cause its ok to add funds but its limited when sending