I am currently in the process of setting up Ltd Account and related bits and bobs.
Contract is paid in Euros. Looking at exchage costs and reading through posts on similar questions, it seems Wise is the way to go.
Do I need to create a Wise account and a UK Business Bank Account? Or would using Wise alone suffice?
I assume with a business account as well, the process would look like this:
Give Client my wise account details. Get paid in Euros
Convert to GBP within Wise.
Transfer GBP to UK Business Account.
Any thoughts, concerns or advice?
Contract is paid in Euros. Looking at exchage costs and reading through posts on similar questions, it seems Wise is the way to go.
Do I need to create a Wise account and a UK Business Bank Account? Or would using Wise alone suffice?
I assume with a business account as well, the process would look like this:
Give Client my wise account details. Get paid in Euros
Convert to GBP within Wise.
Transfer GBP to UK Business Account.
Any thoughts, concerns or advice?
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