This. I contract for a company based in Ljubljana. At the moment I hold a HSBC EUR account which they pay into every month, I then use a free inter HSBC transfer transfer to take those EUR into GBP, and then I send that to Monzo. HSBC don’t charge for transfers between your own accounts, but the exchange rate can be a bit naff.
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I didn’t even know HSBC did alternative currency accounts here to be honest, nice to know.
I heard HSBC is actually quite awkward to transfer money between, I think it was the Tandem CEO saying he lived in France during a recent conference with N26 CEO. He said it was a hassle to get his French HSBC accounts euros into a UK account.
HSBC does charge for transfers between currency accounts but the fees are “hidden” in the rates. I use TransferWise to convert from HSBC EUR to HSBC GBP, it’s slower but I usually get a better rate.
My invoices are in sterlin.
I don’t need business account working as a sole trader.
Apologies, I know both Revolut and Starling have dedicated business accounts and as such they forbid sole traders etc from using their personal accounts for business.
I thought this’d be the case with Monzo due to regulation, I thought business finances would be meant to be separate regardless of sole trader limited status.
Yeah but also the land with the highest prices Especially if you’re craving food.
UK also has this all the prices go up but the wages don’t
Haha true! I’m just looking for a new flat in Soho and man?! I just heard my bank account getting crushed