**DONOTDELETE**
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I'm having real difficulties working out how to get cash out whilst away without paying the 1% charge incurred by Visa. I need it to be internet based, leave cash in sterling and transfer from sterling account into a Euro account (with no charges for changing), then be able to take it out with a normal Switch type card. Has anyone found this holy grail cos I'm sick of talking to banks!
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Boatman
regular
Reged: 18/06/2001
Posts: 351
Loc: Where I am
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?with no charges for changing? if they don?t charge they will give you an awful exchange rate, you will end up paying anyway. Even if your account is sterling, an Eurocard will work giving you Euros anywhere you want don?t know what the UK banks charge if anything, but my experience is that they are amongst the worst in the world.
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chrisc
regular
Reged: 11/07/2001
Posts: 766
Loc: SWEDEN and working again UGH.....
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Worst way of changing money is in small amounts .
much better to open account in euros with card on
those little islands to SWof england and negotiate a
rate on say 20,000 pounds into euros.
seems the easiest thing to do these days after all you
can use euro for most of the med these days.
and if you stay in the west you will use nothing else.
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**DONOTDELETE**
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If you are referring to the little Isles off SW England as the Channel Islands, then the following will put you right, as a Jersey resident. Individuals are not permitted to have Euro € accounts, only companies, and they are CONTROLLED by strict Due Dilligence regulations (I am an MD off such a company. It is easier for you to open an account in any of the EU countries that are part of the EURO. This is your right as a member of the EU, although the UK is not in Euroland. We have personal accounts in France, thus leaving the problems of credit card charges and the UK behind.
I trust that this is of assistance to you and others thinking the same.
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chrisc
regular
Reged: 11/07/2001
Posts: 766
Loc: SWEDEN and working again UGH.....
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i take your poin on this and will bear it in mind
I am sure that this is of assistance to myself and others doing this.
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billskip
regular
Reged: 06/09/2001
Posts: 663
Loc: Isla de Margarita venezuela
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Welcome to the forum and thank you for the info..
Bill
www.aegeansailing.co.uk
www.macsyachting.com
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bedouin
regular
Reged: 16/05/2001
Posts: 3431
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Try Citibank - they tend to have the best facilities for internet-based and multi-currency accounts. I don't know the details.
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david_e
regular
Reged: 01/10/2001
Posts: 2006
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Thanks and welcome, would you know the best way to buy a boat in France in Euro, say £45k's worth.
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**DONOTDELETE**
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Also try First Direct (they're a division of Midland). They have been excellent, and specialise in not only telephone but also internet banking. My impression is that generally their exchange rates/charges tend to compare very favourably with other banks.
When I mentioned to them that I was buying a flat in Moscow, they even wanted to offer me a Russian mortgage in roubles. In the end they couldn't, but that was the fault of the Russian Central Bank, not their lack of keeness!
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**DONOTDELETE**
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Depends on how your are approaching it.
Assuming you have found the vessel, and know what flag it is flying, and if you want to register it through Cardiff. Is the seller a company or private individual and are you sure of the legal ownership. The Cardiff registry will supply what you need, if it is to be taken off a foreign registry. If you do not have a Euro account, you can ask your bank for a banker's draft in the currency of your choice, and this is exchanged at the same time as the Bill of Sale is signed by both parties, including any caveats on both sides.
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