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Last edited by quackhandle; 13 July 2021, 11:51.He had a negative bluety on a quackhandle and was quadraspazzed on a lifeglug.
I look forward to your all knowing and likely sarcastic and unhelpful reply.
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HSBC gave me a USD account when I had a USD client, fee pretty minimal. How does it work accounting-wise if you use some intermediary account/service as the billing account... or is Wise just a normal bank? Not come across that one, used things like Transferwise and Revolut is it similar?Originally posted by eek View PostOriginally posted by MaryPoppinsOriginally posted by vetranComment
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Wise is just Transferwise renamed - it's a bank account...Originally posted by d000hg View Post
Revolut may be cheaper but you probably need to pay a monthly fee to get a big enough monthly exchange rate allowance to transfer the euros over.
And for various reasons I wouldn't want to keep money in Revolut for any period of time.merely at clientco for the entertainmentComment
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FreeAgent will handle all of this for you if you use it, including the necessary currency gain/loss calculations. Get their Irish VAT number if they have one, although not strictly necessary - so long as its clear they are an Irish-based business and you have some form of evidence then it will be treated as a B2B supply of services to Ireland and as such outside the scope of UK VAT (the Irish client will account for Irish VAT using the reverse charge).Comment
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I was ROI contract last year (for a very very vey big private US investment company that still uses Java8 and oracle and hundreds of lifer middle managers in Eire who haven't got a Clue about WFH or tech- but I digress). Transferwise is definitely useful, you can fast TFX using spot rates or lock in a lower rate and wait a few days to see where it goes.
GBP still trumps Euro though, despite the relentless tory train wreck, GBP still seems to be holding up.
Travelling to and from is just a faff an no fun at all, I used my trusty m25 veteran steed ford infesta , ferry and solititude but that was at the height of the pandemic.
I can't see any tax complications tbh if it's a 2 month gig, you'll still be resident in UK for that ?Comment
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Hadn't realised the rebranded but I've been a fan of them in the past. I don't think they used to describe themselves as a bank but perhaps they grew up and got all regulated!Originally posted by eek View Post
So Quacker, what's occurring with it?
Originally posted by MaryPoppinsOriginally posted by vetranComment
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I got a wise business account, can be linked with bookkeeping software, mine is linked with Freeagent. costs £20 to set up and is then free of cost. Got a multicurrency business debitcard with them as well.Originally posted by d000hg View Post
Not sure if I would call them a bank, more fin Tech, but they went IPO on the LSE last week
Wise is not FSA protected though so transfer your money out as quickly as you can.Comment
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They can pay direct into your UK GBP account using an IBAN account number and therefore the only hassle is the exchange rate will fluctuate slightly. You don't need to necessarily setup a special account.I'm alright JackComment
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Never got back to me. Usual story, they want the earth but only prepared to pay peanuts.Originally posted by d000hg View Post
qh
He had a negative bluety on a quackhandle and was quadraspazzed on a lifeglug.
I look forward to your all knowing and likely sarcastic and unhelpful reply.
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Very true but the fees/exchange rate you get may not be optimal. You can of course insist they pay the fees...Originally posted by BlasterBates View PostOriginally posted by MaryPoppinsOriginally posted by vetranComment
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