Originally posted by TheGreenBastard
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Reply to: International Business Banking
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Previously on "International Business Banking"
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Originally posted by Paddy View PostI would suggest using ING in Brussels (formerly Banque Bruxelles Lambert). You can hold a GBP and Euro accounts, you can call them on +32 2 547 21 11. I would also suggest setting up a sister company in the EU.
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Originally posted by TechRiskPartners View PostHello All
Hope everyone is well.
We use Natwest which we have started using for International Payments. With every non-GBP invoice clearing, we are loosing 2-4% of the invoice value. Considering large invoice, it is a small being very small firm. With each invoice money lost, we can pay 1-2 months of salaries for off-shore employees.
Thanks in advance.
TRP
I would suggest using ING in Brussels (formerly Banque Bruxelles Lambert). You can hold a GBP and Euro accounts, you can call them on +32 2 547 21 11. I would also suggest setting up a sister company in the EU.
A good start is here:
e-Residency Benefits | Digital Nomad, Freelancer, Startup Company
You can PM me if you wish.
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Originally posted by northernladuk View PostTwo issues here... firstly the OP has got form so maybe better here...
Secondly... Mods do anything??? Mauahahahahahahahah that's funny.
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Originally posted by jamesbrown View PostMods, could you move this to professional?
Secondly... Mods do anything??? Mauahahahahahahahah that's funny.
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Second a TransferWise Borderless account. The interface is cake to use via the web app or mobile app. All in, the fees amount to something like 0.5%, so much less than a highstreet bank. Obviously, it isn't FSCS protected, so you don't want to keep a large amount of money hanging around in there for months on end. Much better than the competition (who I've also used), such as Revolute.
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Originally posted by TheGreenBastard View PostCurrency accounts or something like TransferWise borderless accounts.
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Originally posted by AtW View PostYou are not losing 2-4% - you are paying for the service.
Thanks
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Currency accounts or something like TransferWise borderless accounts.
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You are not losing 2-4% - you are paying for the service.
Get currency account to avoid default conversion fees and use other cheaper ways to convert.
Or get your client yo pay you in GBP in the first place if you don’t want to bear currency risks
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International Business Banking
Hello All
Hope everyone is well.
We use Natwest which we have started using for International Payments. With every non-GBP invoice clearing, we are loosing 2-4% of the invoice value. Considering large invoice, it is a small being very small firm. With each invoice money lost, we can pay 1-2 months of salaries for off-shore employees.
Thanks in advance.
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