A foreign currency account lets you hold, receive and sometimes send money in a currency other than euro, which can be useful for regular overseas payments, earnings or travel. It may reduce the need to exchange money each time, but exchange rates can move and the euro value of your balance may rise or fall. Check the provider’s charges, supported currencies, transfer process, withdrawal options and whether any deposit protection applies. Terms vary, so confirm the current details with the provider and compare them with your needs.