Bank to receive euro payments
+ Reply to Thread
Posts 1 to 7 of 7
  1. #1

    Nervous Newbie


    Join Date
    Mar 2017
    Posts
    1
    Thanks (Given)
    0
    Thanks (Received)
    0
    Likes (Given)
    0
    Likes (Received)
    0

    Default Bank to receive euro payments

    Please don't flame me if this has been mentioned elsewhere, I've looked at so many threads and I'm losing my mind

    If someone can help I really appreciate it.
    I'm contracted out in Belgium, the company who contracted me out stated they will only pay me in euros.
    I opened a mycashplus business account but they tell me they won't accept euro payments from a bank in UK so from that point of view I'm stuffed.
    The company have paid me in sterling for a month but are insistent I get a bank to accept euro payments.
    I had a ccj against me for a silly council tax non payment so I guess I wont get a normal business account with a normal bank so my accountant tells me.

    Has anyone else had this problem and if so can you advise me as what I can do because if I don't get something sorted asap then I will basically have to return to the UK and look for work elsewhere.
    I've not been able to get any solid advice so I'm reaching out here.

    Help is greatly appreciated

  2. #2

    Still gathering requirements...


    Join Date
    Feb 2016
    Posts
    44
    Thanks (Given)
    0
    Thanks (Received)
    0
    Likes (Given)
    0
    Likes (Received)
    0

    Default

    You can open euro account with transferwise. That would be the best option for you.

    https://transferwise.com/borderless?source=publicNavbar

  3. #3

    Ddraig Goch


    Join Date
    Apr 2011
    Location
    Cymru
    Posts
    9,123
    Thanks (Given)
    88
    Thanks (Received)
    171
    Likes (Given)
    1149
    Likes (Received)
    519

    Default

    CaterAllen will give you a sterling account and a euro one. I used to get paid into the euro account.

    Of course, getting into sterling is the thing. Transferring to sterling was a well crap rate. It was cheaper to pay a bacs fee and use someone like transferwise.
    Rhyddid i lofnod psychocandy!!!!

  4. #4
    eek
    eek is online now

    bored now

    eek's Avatar
    Join Date
    Jun 2010
    Location
    😂
    Posts
    22,450
    Thanks (Given)
    246
    Thanks (Received)
    1214
    Likes (Given)
    1047
    Likes (Received)
    3591

    Default

    Revolut now do a business account. 25 a month gets you bank interchange rates....
    merely at clientco for the entertainment

  5. #5

    Nervous Newbie


    Join Date
    Jan 2017
    Posts
    8
    Thanks (Given)
    0
    Thanks (Received)
    0
    Likes (Given)
    0
    Likes (Received)
    0

    Default

    I have a crap credit rating and need to accept international transfers for some freelance work I'm doing.

    I opened a Business Everyday Saver account with Santander. There's no credit check because it's a savings account and I'm able to accept international transfers. I was able to open it instantly over the phone.
    Business Everyday Saver | Business Banking - Santander UK

    I haven't got an international payment yet so can't comment about the exchange rate yet.

  6. #6

    Double Godlike!

    BlasterBates's Avatar
    Join Date
    Jul 2005
    Location
    Trump University
    Posts
    11,348
    Thanks (Given)
    87
    Thanks (Received)
    251
    Likes (Given)
    469
    Likes (Received)
    846

    Default

    You need to talk to your bank because normally it shouldn't be a problem to transfer foreign currency payments. You should have an IBAN account number. The company shouldn't have to make Sterling transfers they should be able to transfer Euros directly and your bank will then carry out an FX conversion.
    Last edited by BlasterBates; 19th July 2017 at 10:03.
    Author of the best seller "How to get Poor quickly"

  7. #7

    Faqqed Off

    TheFaQQer's Avatar
    Join Date
    Oct 2006
    Posts
    36,150
    Thanks (Given)
    382
    Thanks (Received)
    1287
    Likes (Given)
    3703
    Likes (Received)
    3222

    Default

    Revolut have a free Euro bank account if you have a card with them - took about 30 seconds to open mine yesterday.

    Not sure what the payment limits are, but it might be worth a look.
    Work in the public sector? You can read my FAQ here
    Click here to get 15% off your first year's IPSE membership
    Monday 27th November 1230-1330: IPSE Update on the Autumn Budget for contractors. Register here.

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Content Relevant URLs by vBSEO 3.6.0 ©2011, Crawlability, Inc.