Own a Property in the Eurozone?

"Uncertainty in the Eurozone has understandably caused Brits who are resident or own a second home abroad to be worried about the safety of money they hold in an overseas euro account. If a foreign bank goes under, how much of their money is protected under a compensation scheme? The answer is €100,000 (or £85,000 in the UK). Anyone with serious concerns though should consider repatriating money to a UK account, just to ride out the storm, remembering to use a currency transfer specialist when doing so."

Richard Way, Editor, The Overseas Guides Company


+44 207 898 0549

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