Transferwise

Steve1912

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Aug 7, 2014
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I'm looking at opening a multi currency account to receive payments and Transferwise has been suggested. I work freelance for a company who currently pay their UK operators in GBP from the Netherlands. They have been refunding the international transfer fee when paying earnings, but gave 3 months notice in July that they can no longer continue to do this. They advised that to avoid standing the fee myself, I would need to switch to a Euro account. When they pay me in Euros, I'm assuming there will be a conversion fee, if I then transfer the money to the UK bank account where all my bills are paid. Is this correct and if so will the conversion fee be less than the £7 international transfer fee there currently is. They usually pay me around £150 per month.

Edit: Oops...I've posted this in the wrong sub-forum!
 
Last edited:

Tillmann

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Jul 31, 2018
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I'm looking at opening a multi currency account to receive payments and Transferwise has been suggested. I work freelance for a company who currently pay their UK operators in GBP from the Netherlands. They have been refunding the international transfer fee when paying earnings, but gave 3 months notice in July that they can no longer continue to do this. They advised that to avoid standing the fee myself, I would need to switch to a Euro account. When they pay me in Euros, I'm assuming there will be a conversion fee, if I then transfer the money to the UK bank account where all my bills are paid. Is this correct and if so will the conversion fee be less than the £7 international transfer fee there currently is. They usually pay me around £150 per month.

Edit: Oops...I've posted this in the wrong sub-forum!
Aye, probably best in financial chat but I have heard mostly good things about Transferwise and I also did a website test for them a few weeks ago, which this reminded me of. People I know who get paid in euros also transfer from postbank to co-op so they just do a bank transfer, not sure if that's the best way though!
 

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