Post by hector on Nov 4, 2019 15:07:51 GMT
Advice please.
I have a few thousand euros invested via the Flender P2P platform who are based in S Ireland. Normally I reinvest all repayments, however a few months ago made a less than hundred pound withdrawal to my RBS UK current account & was staggered at the low exchange rate (euros back to GBP) PLUS charge RBS made. As I have property in Southern Cyprus & a (euro of course) account with The Bank of Cyprus I more recently attempted to transfer surplus euros from Flender cash account to my Cypriot account. The Bank of Cyprus returned the transfer to Flender as I could not demonstrate a single source of the investment funds (the cash surplus having accumulated over several months from dozens of borrowers making both Capital & interest payments).
How do other members get over doing either euro transfers, or euro to GBP transfers, without being ripped off?
Hector
I have a few thousand euros invested via the Flender P2P platform who are based in S Ireland. Normally I reinvest all repayments, however a few months ago made a less than hundred pound withdrawal to my RBS UK current account & was staggered at the low exchange rate (euros back to GBP) PLUS charge RBS made. As I have property in Southern Cyprus & a (euro of course) account with The Bank of Cyprus I more recently attempted to transfer surplus euros from Flender cash account to my Cypriot account. The Bank of Cyprus returned the transfer to Flender as I could not demonstrate a single source of the investment funds (the cash surplus having accumulated over several months from dozens of borrowers making both Capital & interest payments).
How do other members get over doing either euro transfers, or euro to GBP transfers, without being ripped off?
Hector
