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Posted: Wed Oct 27, 2021 2:48pm
Very helpful member
MarkH wrote on Wed Oct 27, 2021 11:40am:
I have sterling DDs and Revolut provides a far better exchange rate than Sabadell!
I not sure how stable Revolut is, last year Revolut reported a pre-tax loss of £107m, more than triple the £33m loss in 2018.
https://www.wired.co.uk/article/revolut-employment-coronavirus
https://www.ft.com/content/6ea2b145-cd87-4405-95db-fa563794062b
I would say 'Wise' for money low cost transfers Ex Transferwise,
Wise now have a market Cap of 8 Billion.
Posted: Wed Oct 27, 2021 9:18pm
Holaitsdavid wrote on Mon Oct 25, 2021 10:46pm:
I had no problem with N6 before being a 'resident', I did however have an address to send the card, they are a great service, They just ask which country you are in, it's basically a Euro account. No longer £££.
There’s a waiting list for n26 accounts, no matter where you are. That leaves me a bit stumped because, as a non-resident Spanish home owner, I’d like to set up some direct debits for the Utilities and won’t be making many deposits on a regular basis. In the U.K. I am with Santander and I wonder if these sister banks would make transfers easier. I’d rather like to have Spanish/Euro debit card and also try to avoid silly conversion (£—> €) if I can avoid it.
Posted: Wed Oct 27, 2021 9:31pm
Bishee wrote on Wed Oct 27, 2021 9:18pm:
There’s a waiting list for n26 accounts, no matter where you are. That leaves me a bit stumped because, as a non-resident Spanish home owner, I’d like to set up some direct debits for the Utilities and won’t be making many deposits on a regular basis. In the U.K. I am with Santander and I w...
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...onder if these sister banks would make transfers easier. I’d rather like to have Spanish/Euro debit card and also try to avoid silly conversion (£—> €) if I can avoid it.
Hi Bishee, as my original message implied I'm just starting to find my way around this area but Starling have a debit card for both GB pounds and euros if that helps you? Trouble is their reviews don't look all that great re. customer service.
Posted: Wed Oct 27, 2021 9:33pm
undergardener wrote on Wed Oct 27, 2021 9:31pm:
Hi Bishee, as my original message implied I'm just starting to find my way around this area but Starling have a debit card for both GB pounds and euros if that helps you? Trouble is their reviews don't look all that great re. customer service.
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Posted: Wed Oct 27, 2021 9:45pm
undergardener wrote on Wed Oct 27, 2021 9:31pm:
Hi Bishee, as my original message implied I'm just starting to find my way around this area but Starling have a debit card for both GB pounds and euros if that helps you? Trouble is their reviews don't look all that great re. customer service.
Thanks. I do already have a U.K. starling account but wasn’t aware they had a euro-linked version …
Posted: Wed Oct 27, 2021 10:28pm
Very helpful member
Bishee wrote on Wed Oct 27, 2021 9:45pm:
Thanks. I do already have a U.K. starling account but wasn’t aware they had a euro-linked version …
It's not so easy now for financial services banking over borders UK/EU, German fintech N26 shut down its operations in the U.K, but fine if just use a Euro account, operates great in Spain & EU.
Wise ex Transferwise moved its European headquarters from London to the continent, their customers send roughly $1 billion through its website every month. There CEO said “If you’re building the next fintech business you shouldn’t build it in London today"
Posted: Wed Oct 27, 2021 10:45pm
Holaitsdavid wrote on Wed Oct 27, 2021 10:28pm:
It's not so easy now for financial services banking over borders UK/EU, German fintech N26 shut down its operations in the U.K, but fine if just use a Euro account, operates great in Spain & EU.
Wise ex Transferwise moved its European headquarters from London to the continent, their customers send roughly $1 billion through its website every month. There CEO said “If you’re building the next fintech business you shouldn’t build it in London today" ...
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What has all this got to do with the price of lamb?
Posted: Wed Oct 27, 2021 11:36pm
Very helpful member
Bishee wrote on Wed Oct 27, 2021 10:45pm:
What has all this got to do with the price of lamb?
Nothing! But I was interested in your statement "There’s a waiting list for n26 accounts". They seem to be doing well and hit of 5 million customers at the start of the year. Now some new funding...
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