What fee am I charged to hold large amounts of EUR?

We don't charge any fees for holding large amounts of EUR on your account.

I was charged a EUR holding fee before August 2022

From December 2020 to August 2022, we charged a fee for holding large amounts of EUR. This was introduced because of negative interest rates in the Eurozone. In August 2022, we completely removed this charge.

If you were charged on the 1st of August, this was to cover the holding fee for the previous month. The fee was calculated based on the amount of EUR you held over the free allowance in July. The thresholds were:

• up to 3,000 EUR for free for personal customers.

• up to 30,000 EUR for free for business customers.

Anything above the free allowance had a 0.9% annual fee charged on a monthly basis. You can check the table below to see the old fees:

What if I'm holding money as Stocks?

This fee wasn't applicable if you were holding money in Assets, such as Stocks.

Learn more about holding your money in Interest and Stocks