shimself
Member of DD Central
Posts: 2,561
Likes: 1,170
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Post by shimself on Jun 21, 2017 12:29:34 GMT
Is this a typo - if you are outside EU then I have no idea. I'm asking around in expat places for the latest No typo. I am in Switzerland and Swiss. If Switzerland was in the EU I could easily open an account with smile, halifax or tsb. I asked Barclays and I could use it with the above mentioned balance. Bank of Cyprus UK would let me have an account, but I don't know at which price at the moment. It is not that important to me, but would help with the uk platforms. Appreciate your help, but as I said, I don't loose any sleep over it. I stumbled across someone who say they will open a UK account for you, who I can recommend in that they are lomg standing, a mutual (one of the few left) and ethical as banks go. www.nationwide.co.uk/products/current-accounts-eea/our-current-accounts/overview
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Post by lllmlll on Jun 21, 2017 15:59:23 GMT
My own experience, I'm EUR continental resident trying to deposit/withdraw to UK p2p bank accounts.
.- Transferwise Borderless Account EUR and GBP. Useless for me because they use some kind of intermediate account that does not show your own identification as sender of GBP transfers instead of TW, not required if transferring between your own accounts, but required when transferring to an UK p2p platform
.- For UK investors in need of a EUR bank account, maybe PAYSERA will do the trick. I had to open an account on PAYSERA to invest on LENNDY (ex-lithuanian, now-latvian), each account has your own IBAN from within you can send and receive transfers using your own name and IBAN account. I'm using this lithuanian IBAN since then on some other p2p platforms to deposit and withdraw. There is a small fee to send SEPA transfers, also currency exchange fees optional available: VISA prepaid card, legal entity separated account.
Maybe a combination of both systems will help for a UK investor on EUR platforms deposit: transfer GBP at TW account, currency conversion to EUR at TW, send from TW to PAYSERA, PAYSERA to EUR p2p platform withdraw: withdraw form p2p platform to PAYSERA account, EUR transfer from PAYSERA to TW, currency conversion to GBP on TW, transfer form TW to local UK resident.
As said, this method is not valid reversed to deposit/withdraw at UK p2p platforms because TW uses intermediate accounts to transfer in UK instead of your own name and account.
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Post by yoica on Jun 22, 2017 7:14:20 GMT
I've had no issue with using TW to transfer funds to ABLrate from EUR account. I haven't tried other UK p2p site yet so I can't comment on those.
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Post by wiseclerk on Jun 22, 2017 13:41:54 GMT
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