Originally posted by Cirrus
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Euro Bank Account (Cater Allen absolutely shocking)
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I've switched personal accounts lots of times, no problems.
This is still a nightmare. Your right, I'm going to open a new account with RBS then I'll see if the agent takes TransferWise. As metro bank is 100 miles away and they want me to visit a branch to open the account. Cashplus is £15 per euro transaction however because there is no Euro Account it gets converted at their bank rate.
Thanks for the help thus far.Comment
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Xmas Spirit: But Kind To All Men: Humbug
Originally posted by TheFaQQer View PostIf you can borrow money at 0%, why wouldn't you do that?
But of course it is never 0%. They always charge you money under some subterfuge (eg 'transfer fee') and you always take on the risk of something happening. It happened to me once and it happened to Crockie big time by the looks of it.
No - people are only ever on 0% deals because they've run up bills they can't pay. I can't see how that should normally happen to contractor with liquidity sloshing about all over the place in our profession.
I'll wager Crockie has been overspending on fast cars, fast women, Caribbean all-in holidays, buy-to-lets, drugs and prosecco.
I.e. typical contractor"Don't part with your illusions; when they are gone you may still exist, but you have ceased to live" Mark TwainComment
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Originally posted by Cirrus View PostIf you could borrow money at 0% then it would be a good deal.
But of course it is never 0%. They always charge you money under some subterfuge (eg 'transfer fee') and you always take on the risk of something happening. It happened to me once and it happened to Crockie big time by the looks of it.
Originally posted by Cirrus View PostNo - people are only ever on 0% deals because they've run up bills they can't pay.Comment
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Originally posted by Crocket View PostI need to get away from Cater Allen ASAP, can you guys recommend a EURO account (approx. 10k eur month) where it's reasonable to transfer money into Sterling?Comment
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Originally posted by Cirrus View PostIf you could borrow money at 0% then it would be a good deal.
But of course it is never 0%. They always charge you money under some subterfuge (eg 'transfer fee') and you always take on the risk of something happening. It happened to me once and it happened to Crockie big time by the looks of it.
No - people are only ever on 0% deals because they've run up bills they can't pay. I can't see how that should normally happen to contractor with liquidity sloshing about all over the place in our profession.
I'll wager Crockie has been overspending on fast cars, fast women, Caribbean all-in holidays, buy-to-lets, drugs and prosecco.
I.e. typical contractor"You’re just a bad memory who doesn’t know when to go away" JRComment
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Besides the point about number of DDs, it could be commercial mortgages, life insurance, pensions as I've advised... plus IPSE then business insurance etc
If someone was a landlord and switched to Cater Allen with like 50 multiple properties and mortgages (because each would be a DD) - good luck!
CurrencyFair can accept payments on behalf of my Ltd (with a business account) then I can convert with them into a standard sterling bank account.
So I think I'm sorted and I don't have to deal with euro account or cater allen anymore.Comment
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Originally posted by pr1 View PostI'm with Cater Allen and for what I need it for it's "ok" given that it's free, but it definitely has the feel of being about 20 years behind its time (lots of thick headed paper correspondence, poor online banking relative to other banks, slow payments, no smartphone app). Not surprised they messed up an automatic switch
Sounds like you've had a nightmare, not enough to put me off using them, but maybe enough for me to not recommend them to anyone looking to switch!Comment
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Originally posted by TheFaQQer View Post
Rubbish.
But that Barclaycard debt will"Don't part with your illusions; when they are gone you may still exist, but you have ceased to live" Mark TwainComment
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