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Getting paid in Pounds

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  • 08-12-2014 2:50am
    #1
    Kerrybai
    Registered Users Posts: 124 ✭✭


    If I get paid in British Pounds to my Bank Account will my bank (TSB) charge me anything extra?


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    #2
    homer911
    Registered Users Posts: 5,119 ✭✭✭homer911


    I presume you mean Permanent TSB?

    There is a €1.25 currency conversion fee on all lodgements (this might be a minimum charge and it may be higher), and whatever the rate of exchange is


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    #3
    Morning All
    Registered Users Posts: 28 ✭Morning All


    I'm paid in £ GBP by WIRE transfer from the UK into my BOI account. Aside from a poor exchange rate BOI also charge 5 Euro per credit!


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    #4
    physioman
    Registered Users Posts: 1,239 ✭✭✭physioman


    Morning All wrote: »
    I'm paid in £ GBP by WIRE transfer from the UK into my BOI account. Aside from a poor exchange rate BOI also charge 5 Euro per credit!

    Would it not be better to have a UK account and transfer the money via transfer wise or currencyfair. Save alot of money on exchange rate.


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    #5
    Kerrybai
    Registered Users Posts: 124 ✭✭Kerrybai


    homer911 wrote: »
    I presume you mean Permanent TSB?

    There is a €1.25 currency conversion fee on all lodgements (this might be a minimum charge and it may be higher), and whatever the rate of exchange is

    Cheers mate, it appears than the 3% less I am getting on Amazon's exchange rate would be similar to the TSB rate plus charges, now I wonder can I just get paid in Euros...


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    #6
    Kerrybai
    Registered Users Posts: 124 ✭✭Kerrybai


    Kerrybai wrote: »
    Cheers mate, it appears than the 3% less I am getting on Amazon's exchange rate would be similar to the TSB rate plus charges, now I wonder can I just get paid in Euros...

    I meant to say Pounds... that way I could test it fully and see which comes out on top, I imagine the difference is very small either way.


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