• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Paid in Euros - Business Account + Wise?

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    #11
    Originally posted by vwdan View Post

    I think this is the same end result, isn't it? I've never converted within Wise. But the conversation still happens on the Wise end as part of the transfer back to a GBP account

    I.e., on the website you Transfer from your foreign account to your native GBP account, it tells you the conversion rate/cost and then you end up with whatever in your GBP account?
    You mean the Wise UI provides some shortcut that aggregates the two transactions into one (conversion and sending)? Perhaps, but I haven't noticed it. However, my point here is that you definitely should not send the foreign currency to another bank, since that obviously means their fx rates, not those advertised by Wise. If you're sending GBP from Wise, no problem.

    Comment


      #12
      Originally posted by jamesbrown View Post
      You mean the Wise UI provides some shortcut that aggregates the two transactions into one (conversion and sending)?
      Yes, precisely. Wise do the conversion as part of the transfer. The destination bank receives GBP.


      Comment


        #13
        Originally posted by SuperLooper View Post

        Yes, precisely. Wise do the conversion as part of the transfer. The destination bank receives GBP.

        Good to know, thanks, I've only ever performed the two separately

        Comment


          #14
          I've just set up GBP,USD,EUR and AUD accounts in Wise. Very simple and will save me a decent wedge in FX compared to getting it paid direct to my UK business account. Integrates into FreeAgent nicely.
          https://uk.linkedin.com/in/andyhallett

          Comment

          Working...
          X