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  #11  
Old 21st February 2018, 06:58 PM
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Turbo Tony Turbo Tony is offline
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Take a look at the Transferwise borderless account. I looked into it briefly and it costs nothing to receive funds in any currency. I'm not sure what the arrangements are with transfers though.

I don't have a borderless account, but have used Transferwise for years and they're great. Drop me a PM with your email address if you'd like a referral link.
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  #12  
Old 21st February 2018, 07:19 PM
oldnick oldnick is offline
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have a look at Transferwise borderless account to begin with
I will contact my SIL who is the expert in these matters , his response will probably involve knowing if you intend to keep any money in euros , eg I am currently getting 3.5% in euros in a so called Assurance Vie

basic rule .....keep away from clearing banks who will cost you at least 5 times as much as specialist money changers

sorry , just seen Tony's post
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  #13  
Old 21st February 2018, 08:13 PM
Markr Markr is offline
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If you are paid in Euros, as others have suggested, you need a Euro account. To transfer straight into GBP you can use your bank to do this, but most likely will get a poor exchange rate. It cost me thousands when I took this route for a property purchase when I did not know any better.

These transfers are linked to the interbank rate, and you want a transfer company that not only gives you the best Interbank+ Rate, but also no commission and free transfer.

For the transfers I do between GBP and EUR, the magic amount to transfer is £5k GBP at a time as that gets me a good rate, a free transfer and more importantly, I don’t get charged a fee to receive into my EUR account.

If I send £10k, then the rate is the same, still free transfer, however my EUR account charges me 1% in fees to receive.

However, setting up an account in another jurisdiction will open you up to their anti-money laundering rules, and thus need to keep going in with my P60 to prove my income is legit.

Hope that helps
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  #14  
Old 21st February 2018, 10:12 PM
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All good food for thought, I will want to go from eur to gbp as I don't want to leave it in a euro account.

I have no need to leave it in eur and at the moment I don't see any benefit to leaving it there other than a short time to maybe gain on exchange rate.
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  #15  
Old 22nd February 2018, 10:09 AM
oldnick oldnick is offline
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heard from my SIL in the eurozone
he uses Currencyfair who do matched deals , decides what exchange rate he wants and waits for that ; as you don't want to keep euro's is probably best for you if you have accounts in both currencies

anyway , have a look at their website
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  #16  
Old 22nd February 2018, 11:05 AM
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Can you not just buy heroin in Euros and sell it for Pounds?
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  #17  
Old 22nd February 2018, 11:32 AM
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Quote:
Originally Posted by Dezzy View Post
Can you not just buy heroin in Euros and sell it for Pounds?
. . . says the man masquerading as an Ambulance driver on the south coast
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  #18  
Old 22nd February 2018, 11:27 PM
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Quote:
Originally Posted by Dezzy View Post
Can you not just buy heroin in Euros and sell it for Pounds?
I could but I need a mule with a vehicle big enough to transport it. Something that wouldn't get stopped by the police.

Any ideas?
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  #19  
Old 23rd February 2018, 10:54 PM
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Del I hope it's not umbrella.co.uk

avoid them at all costs if it is, I went through them a year ago before being employed directly with the company I now work for, can honestly say the worst company I have ever dealt with wouldn't trust them with an abacus!



Quote:
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I'll be working all over the world and getting paid by an umbrella company based here in UK but in euro's.

I should qualify for Seamans tax which allows me to claim all my taxes back.
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  #20  
Old 24th February 2018, 10:15 AM
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Quote:
Originally Posted by jonnypym123 View Post
Del I hope it's not umbrella.co.uk

avoid them at all costs if it is, I went through them a year ago before being employed directly with the company I now work for, can honestly say the worst company I have ever dealt with wouldn't trust them with an abacus!
No Johhny, Currently looking to use Binks.

On other news I confirmed that I can indeed pay earnings into Revolut so I spent the afternoon yesterday back and forth with them getting the top up limit increased to a suitable amount as I didn't want to run into issues there.

Gotta say I like the whole app at the moment. Pity it couldn't be expanded to have a family in the one app so you could keep tabs on spending in one place.

But overall I like it.
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