JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317 
Likes: 893
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Post by JamesFrance on Jan 11, 2022 9:11:44 GMT
I decided to change the withdrawal arrangements for my remaining Euro platforms and found that they would all now automatically add a Wise account (was Transferwise) after adding 10€ from there. I can now withdraw to my Wise account directly, which is in my name and in Belgium and cheaply convert the money to £s and return it to my UK bank.
For anyone who does not know Wise, it also gives you a debit card so you can withdraw and spend in another currency without the excessive conversion charges made by UK banks. The same goes for any foreign payments you may need to make.
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Ukmikk
Member of DD Central
Posts: 445
Likes: 298
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Post by Ukmikk on Jan 11, 2022 10:57:26 GMT
I use a Starling Euro account for the same reasons.
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toffeeboy
Member of DD Central
Posts: 506
Likes: 362
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Post by toffeeboy on Jan 19, 2022 16:06:48 GMT
I decided to change the withdrawal arrangements for my remaining Euro platforms and found that they would all now automatically add a Wise account (was Transferwise) after adding 10€ from there. I can now withdraw to my Wise account directly, which is in my name and in Belgium and cheaply convert the money to £s and return it to my UK bank.
For anyone who does not know Wise, it also gives you a debit card so you can withdraw and spend in another currency without the excessive conversion charges made by UK banks. The same goes for any foreign payments you may need to make.
I assume that the exchange charges are the usual Transferwise fee. Revolut will allow you to exchange £1,000 per month with no fees and 0.5% afterwards.
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corto
Member of DD Central
one-syllabistic
Posts: 851
Likes: 356
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Post by corto on Jan 19, 2022 16:19:29 GMT
I have a Multi currency Fineco account
includes a Euro Debit card which is nice if you travel in Europe. Can be a Sterling debit card as well.
Trading/investing in some 12 or so currencies
Close to 0 currency exchange rates
3.95EUR/GBP per trade
(registration was a pain but did work in the end; there are plenty complains at Trustpilot about the processes.
I agree signing up is a pain, but I don't regret it.)
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corto
Member of DD Central
one-syllabistic
Posts: 851
Likes: 356
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Post by corto on Jan 19, 2022 16:21:24 GMT
forgot to say: each of the multicurrency accounts has an individual account number
(check for fees or other costs/constraints)
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