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New Bank Rules post-Brexit and small Spanish Businesses

Posted: Wed Jan 27, 2021 4:38pm
1 reply197 views3 members subscribed
Kelvin1960

Kelvin1960

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Posts: 1488

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Joined: 5 Mar 2017

Our pool guy came today. He is a legit self-employed worker. He charges us 80 Euros/month to look after our pool. Some people pay a bit less, some a bit more.

We pay him monthly from our Spanish bank account.

He explained today that many of his customers are British, and that HE is now having to pay 18 Euros to receive each monthly payment from a British bank .... effectively a 22% drop in his income.

He is trying to get his British customers to switch their payments to their Spanish banks.

Spare a thought for self-employed workers.

Portet

Posted: Wed Jan 27, 2021 4:51pm

Portet

Very helpful member

Posts: 568

534 helpful points

Location: Moraira

Joined: 13 Jan 2021

Posted: Wed Jan 27, 2021 4:51pm

Kelvin1960 wrote on Wed Jan 27, 2021 4:38pm:

Our pool guy came today. He is a legit self-employed worker. He charges us 80 Euros/month to look after our pool. Some people pay a bit less, some a bit more.

We pay him monthly from our Spanish bank account.

He explained today that many of his customers are British, and that HE is now having to pay 18 Euros to receive each monthly payment from a British bank .... effectively a 22% drop in his income.

He is trying to get his British customers to switch their payments to their Spanish banks.

Spare a thought for self-employed workers.

In that case he should approach them and ask to be paid from an EU account (TransferWise etc) or those costs to be added to the invoice. It's not fair he should take the hit for Brexit's madness

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