# USD or EUR account
**URL:** https://community.trading212.com/t/usd-or-eur-account/6379
**Category:** 🤝 Help
**Created:** [May 11, 2020, 3:41pm UTC](https://community.trading212.com/t/usd-or-eur-account/6379 "2020-05-11T15:41:47Z")
**Posts on this page:** 13
**Page:** 1
### Author:  [@eoghan10](https://community.trading212.com/u/eoghan10)
#### Post date: [May 11, 2020, 3:41pm UTC](https://community.trading212.com/t/usd-or-eur-account/6379/1 "2020-05-11T15:41:47Z")
I have a EUR bank account and I recently set up a Trading 212 account in USD (as I expected to be investing mostly in US stocks). It cost me €13 in exchange fees to deposit $800 into my Trading account. My friend set up an account in EUR and obviously had no exchange fee as it was EUR to EUR. It does not show any exchange fee for him when he invests in a US stock but I assume it is included into the stock price?
I am looking to find out if a USD or EUR account is more suitable for me in order to reduce currency exchange fees.
Thanks,
Eoghan
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### Author:  [@Richard.W](https://community.trading212.com/u/Richard.W)
#### Post date: [May 11, 2020, 3:45pm UTC](https://community.trading212.com/t/usd-or-eur-account/6379/2 "2020-05-11T15:45:50Z")
> [@eoghan10](#):
>
> €13 in exchange fees to deposit $800
That is a large fee. You would probably be better off with a T212 account whose base currency is EUR. The cost of exchanging EUR to USD on T212 is small. I suggest you read
> [@Main currency for account](https://community.trading212.com/t/main-currency-for-account/6169/5):
>
> There is no currency exchange fee, but there is a small sell and buy spread. So you do lose a tiny bit on each fx exchange compared to that instant’s average between buy and sell spot rates. All other things being equal (no change in prices or fx rate) a round trip GBP-USD-GBP seems to cost about 0.03%, as close as I have been able to figure. That is based of something like sell and buy 1 GBP for USD 1.24000 and 1.24015, using target spread of 0.00015 on the CFD platform. The nearest competitor…
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### Author:  [@Vedran](https://community.trading212.com/u/Vedran)
#### Post date: [May 11, 2020, 6:37pm UTC](https://community.trading212.com/t/usd-or-eur-account/6379/3 "2020-05-11T18:37:56Z")
Or have a middle account, Ie Revolut. Charge with Euro, exchange to USD. Bank wire to T212.
Revolut has one of best on market fx rates…
Or vote here:
> [@Multicurrency account GBP/EUR/USD etc](https://community.trading212.com/t/multicurrency-account-gbp-eur-usd-etc/134):
>
> Please add Multicurrency accounts. So we can top up and store USD/EUR/GBP. It is beneficial for short term and long term investors. Not needing to worry on 2nd factor which is FX at time of buy/sell. Also minimizing loss on dividend payouts from cross currency etf/stock , reinvestment etc. Helps diversification of portfolio as well.
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### Author:  [@eoghan10](https://community.trading212.com/u/eoghan10)
#### Post date: [May 11, 2020, 8:09pm UTC](https://community.trading212.com/t/usd-or-eur-account/6379/4 "2020-05-11T20:09:07Z")
I tried that but unfortunately Revolut would not allow the transaction to be approved. Thank you though
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### Author:  [@Vedran](https://community.trading212.com/u/Vedran)
#### Post date: [May 11, 2020, 9:00pm UTC](https://community.trading212.com/t/usd-or-eur-account/6379/5 "2020-05-11T21:00:35Z")
Revolut card cannot be used to charge t212, but you can use Bank wire option from Revolut, which is free and quick…
I am using this approach.
Debit Bank Card\> Revolut - Exchange to USD \> Bank wire to T212.
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### Author:  [@eoghan10](https://community.trading212.com/u/eoghan10)
#### Post date: [May 11, 2020, 11:29pm UTC](https://community.trading212.com/t/usd-or-eur-account/6379/6 "2020-05-11T23:29:27Z")
Oh great, thank you so much!
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### Author:  [@JanPM](https://community.trading212.com/u/JanPM)
#### Post date: [May 12, 2020, 10:03am UTC](https://community.trading212.com/t/usd-or-eur-account/6379/7 "2020-05-12T10:03:25Z")
Be prepared for some hefty SWIFT fees from intermediary banks when you transfer USD from T212 to Revolut!
With an account in Euro you can use SEPA transfers, which are free. Then you don’t need Revolut (and their requests for pay slips and tax documents).
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### Author:  [@Vedran](https://community.trading212.com/u/Vedran)
#### Post date: [May 12, 2020, 11:42am UTC](https://community.trading212.com/t/usd-or-eur-account/6379/8 "2020-05-12T11:42:59Z")
I don’t plan to take out cash for long long time, so I don’t worry.
Anyway T212 is planing to add Debit card, financial type account features.
[https://community.trading212.com/t/debit-card-to-utilize-our-free-funds-dividends-sold-stocks/6339/2?u=vedran](https://community.trading212.com/t/debit-card-to-utilize-our-free-funds-dividends-sold-stocks/6339/2)
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### Author:  [@ppt2](https://community.trading212.com/u/ppt2)
#### Post date: [February 6, 2021, 3:03pm UTC](https://community.trading212.com/t/usd-or-eur-account/6379/9 "2021-02-06T15:03:22Z")
> [@JanPM](#):
>
> Be prepared for some hefty SWIFT fees from intermediary banks when you transfer USD from T212 to Revolut!
I SWIFT-wired several thousand USDs from Revolut to my T212 USD account (USD → USD), Revolut charged 3.60USD SWIFT fee.
Reversly, I wired 10 USD from T212 to my Revolut USD account (USD → USD), T212 charged zero, I got 10 USD on my Revolut account. I am not sure how these things work, maybe it was not SWIFT as T212 did not charge me anything for this.
I would not call this “hefty fees”.
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### Author:  [@ppt2](https://community.trading212.com/u/ppt2)
#### Post date: [February 6, 2021, 3:08pm UTC](https://community.trading212.com/t/usd-or-eur-account/6379/10 "2021-02-06T15:08:38Z")
> [@Richard.W](#):
>
> You would probably be better off with a T212 account whose base currency is EUR. The cost of exchanging EUR to USD on T212 is small.
While I agree the cost of exchanging EUR to USD on T212 might be small, one caveat of this approach is that you immediately have to convert in T212 the proceedings of your USD stock sale to EUR.
There may be circumstances where the USD / EUR rate is not favorable, and you might want to postpone in time your USD → EUR conversion, waiting for more favorable exchange rate.
Hence a multi-currency account (#1 feature request by the way) is the way to go.
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### Author:  [@Dao](https://community.trading212.com/u/Dao)
#### Post date: [February 7, 2021, 10:19am UTC](https://community.trading212.com/t/usd-or-eur-account/6379/11 "2021-02-07T10:19:37Z")
T212 won’t be the ones charging you, it would be the intermediaries and banks that do.
what’s worth noting is that transfers receive different treatment depending on how large they are, so while it was free at £10, this may not hold true for £100 or £1000 et cetera.
when I last did large bank transfers, I didn’t have to pay anything when it was just around £100, but when I made a £450-550 transfer then I got hit with a sizable fee of around £35 for it being international. this between banks, not T212 or relovut et cetera and was a few years ago so may not hold true now, but that was my experience.
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### Author:  [@ppt2](https://community.trading212.com/u/ppt2)
#### Post date: [February 7, 2021, 8:55pm UTC](https://community.trading212.com/t/usd-or-eur-account/6379/12 "2021-02-07T20:55:16Z")
Does T212 at least gives you a preview of your fees before you confirm the transfer? Revolut does that and there is a lot of transparency.
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### Author:  [@Alien](https://community.trading212.com/u/Alien)
#### Post date: [February 7, 2021, 9:34pm UTC](https://community.trading212.com/t/usd-or-eur-account/6379/13 "2021-02-07T21:34:00Z")
T212 does not charge for the transfer, and they would not know how much your bank will be charging you.
Revolut is _the bank_ and they know what they charge