Foreign currency payment

luckystar

Registered User
Messages
310
Most of the companies payments are in €, but for the odd £ and US$ payment what is everyone using these days?
Most are in the order of £/$10k
 
Do you have any receipts in sterling or dollars?

If so open an account in one of those currencies.

Brendan
 
I simply use my aib account. The rate is quite close to the mid market rate and then they charge €15 fee.

I'm not sure whether I still have a particularly good margin I negotiated many years ago or this is now how they do it as standard.

If the payment is for a small amount under $1000, I use a credit card.

Many others will use places like transfermate, but if it's not overly frequent and the rate you bank gives is within .5% of mid market, it's probably not worth it.
 
Do you have any receipts in sterling or dollars?

If so open an account in one of those currencies.

Brendan
Yes, already have a sterling account - AIB. Just was wondering if there was a better option. Presuming the credit card rate is worse than a bank one. Had a look at transferwise but wasn't sure if it was a better option
 
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