Making Foreign Currency Payments

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT member discussion
Hello all,

Some advice would be welcomed on the best way in terms of minimising fees and maximising exchange rates when making foreign payments

At the moment my client uses a non-bank international payment service - I am sure there must be ways that I can demonstrate savings by other means ?

Many thanks

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Making Foreign Currency Payments

    If you are making regular payments in a particular currency then it may be beneficial to set up a foreign currency bank account. All the high street banks offer this service but there will of course be a fee involved.

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Making Foreign Currency Payments

    Thanks Dean. I have set up a euro account which is working well. What I am trying to achieve is maximising the exchange rate - I am talking about reasonable sums of money which make it worth spending time getting a good deal - it's where to get the good deal that I lack experience in, there is a danger that I will whittle away the benefits by going around in circles

    Am I making life overly complicated for myself ?

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