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Jp1 wrote on Fri Jul 28, 2023 1:13pm:
That’s Steve Ii will try , is their exchange rate reasonable to turn pounds into Euros
Cheers John
You will get the "inter bank" exchange rate which is much higher than the high Street.
Steve
tebo53 wrote on Fri Jul 28, 2023 1:14pm:
You will get the "inter bank" exchange rate which is much higher than the high Street.
Steve
Wise also refund some fees each month if they exceed a certain target. I got €26 back last month. Exchange rates are v good and fees reasonable so that's just a bonus.
Posted: Sun Jul 30, 2023 9:25pm
Helpful member
tebo53 wrote on Thu Jul 27, 2023 11:37am:
As I mentioned, I had to attend the chosen bank personally to open my account and to sign documents.
I personally don't know of any online application procedures for the major banks.
Read more...
I understand that some banks charge up to €60 per quarter maintenance fee.
Steve
Can I say that the procedure for opening a Wize account could not be easier. To verify. You download an app and photograph your passport photograph page. Then photograph yourself holding the page in front of your face. Verification is completed within 10 minutes. EASY
Jp1 wrote on Fri Jul 28, 2023 1:13pm:
That’s Steve Ii will try , is their exchange rate reasonable to turn pounds into Euros
Cheers John
We use the Wise card..its excellent..the exchange rate is always better than the exchange places..small fee to convert £'s to €'s but still worth using the Wise card..you can also set up direct debits on it...you can move money from your UK bank account onto the Wise card by using the Wise App
Posted: Wed Aug 2, 2023 3:48pm
Helpful member
Avoid Spanish banks at all costs they are Gangster's !!
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jogary wrote on Wed Aug 2, 2023 2:39pm:
We use the Wise card..its excellent..the exchange rate is always better than the exchange places..small fee to convert £'s to €'s but still worth using the Wise card..you can also set up direct debits on it...you can move money from your UK bank account onto the Wise card by using the Wise App
If you have a bit of money spare for investment then Wise pay just over 4% interest. Money invested can still be used as normal. Interest is paid daily.
Steve
tebo53 wrote on Wed Aug 2, 2023 4:54pm:
If you have a bit of money spare for investment then Wise pay just over 4% interest. Money invested can still be used as normal. Interest is paid daily.
Steve
Yes mate..we do that 👍
Posted: Wed Aug 2, 2023 5:13pm
As many people have said, Spanish banks are a nightmare. I’ve had a Wise account for many years and to date it’s been pretty good. Transfer’s are speedy and the exchange rates are good.
Recently they even introduced interest bearing options.
I hold Sterling, euro and AU dollars, had no issues to date, they even offer direct debits.
The only think I would take into consideration is there is no official financial protection, however customer’s money is held in a separate account.
Good luck….
Posted: Wed Aug 2, 2023 5:17pm
Super helpful member
jogary wrote on Wed Aug 2, 2023 4:57pm:
Yes mate..we do that 👍
And so do I!
Stevec2x wrote on Wed Aug 2, 2023 5:17pm:
And so do I!
👍
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