RE: [ukvac] OT: German eBay payments in Euros
>Thanks for the info, guys! Pobs - If you have a multi-currency account, it
>looks like you could have a nice little earner there, no?
Before anyone asks me any favours!
P Although (as some of you know) I'm
a trader, which means I don't get charged any commission on converting
currencies and I also get to trade at the actual market price too, but its
not all good... For a start, my clearers won't post cash only cheques so I
need to get into the city to pick it up, the cheques aren't particularly
convenient as I said before, because even though they're in Euros, when
coming from a different country to which they're cashed incurs a charge
(although I don't get charged anything for drawing them myself). Also, my
account is a business one and any funds paid in have to be *ahem* clean!
Because of the dangers of looking like you're money laundering and then
being checked out. My account is clean on this note, but obviously if I
start paying loads of cash in the investigators might become curious and its
just a pain I could do without!
Oh ummm... Probably should point out that I don't trade currencies
themselves (in case of a flood of emails asking why I don't pay any
commission on trades! I know some of you do 'play' with your spare cash...)
I trade interest rate futures a' la Nick Leeson Barings Bank stylee and the
free currency trades I get are just because I get charged such high
commissions on the futures - kind of a freebie to offset the other costs.
Right! Glad that's all cleared up! Sorry for the OT everyone!
)
Pobster
