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Letters: Euro bank accounts

Your correspondent Andrew Summers (Letters, 30 September) points out the benefits of the single currency for exporters and explains how eurozone users avoid transaction charges etc. UK bank customers can get the same benefit, because it’s possible to get a euro bank account in the UK with a debit card that allows fee-free access to euro cash machines. The debit card can also be used for purchases in shops and restaurants, with no foreign loading fees or manipulated exchange rates; and users know for certain how much they have spent because they bought the euro before spending them. With the euro so widely used, it makes sense not to keep changing funds back and forth from sterling – and of course paying the banks for the privilege every time. But the banks don’t widely advertise these accounts – wonder why?
Roy Prockter
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