BritManToo Posted July 14, 2018 Share Posted July 14, 2018 9 minutes ago, Jip99 said: Where did you dream that up ? 1 Senior moment! Link to comment Share on other sites More sharing options...
Jip99 Posted July 14, 2018 Share Posted July 14, 2018 1 minute ago, BritManToo said: Senior moment! LOL ! ? (You are not alone......) Investors TransferWise is backed by a fantastic team of smart investors who believe that there’s a dire need for innovation in financial services. In addition to the great institutional investors below, we’re supported by private individuals who founded or are building Virgin, PayPal, Skype, Betfair, Simple.com and others. Link to comment Share on other sites More sharing options...
topt Posted July 14, 2018 Share Posted July 14, 2018 18 hours ago, MJKT2014 said: I just looked and they charge 1% transfer fee. That's a lot more than my Citibank charges me. You need to look at the overall result based on the amount and currency you are transferring. Although fees are relatively high TransferWise tend to give a better exchange rate so you need to look at the total calculation including the 200-500 Thai bank receiving charge where the Thai bank does the exchange. If you are transferring larger amounts then a bank may yet be a better bet. Link to comment Share on other sites More sharing options...
MJKT2014 Posted July 17, 2018 Share Posted July 17, 2018 On 7/14/2018 at 2:46 PM, topt said: If you are transferring larger amounts then a bank may yet be a better bet. Agreed, anything over 3500USD transfer for me would be cheaper just using the bank so not worth the effort of TransferWise for me. Guess they got to make money somehow, but users need to check thro the hype first. My banks (US and Thai) use fixed transfer fees, not percentages so I know what I am getting charged. Fx rates nothing exorbitant if transferring USD into Thailand. Link to comment Share on other sites More sharing options...
digbeth Posted July 17, 2018 Share Posted July 17, 2018 Would they know if you've signed up with private post box/mail forwarder in the UK? some let you use suite/apt no: at their address, might need to fly back to set it up though, are there any ramification tax wise if the bank considers you to be UK resident Link to comment Share on other sites More sharing options...
topt Posted July 27, 2018 Share Posted July 27, 2018 Just come across this in The Mail Online which gives some background to the OP's original post. http://www.dailymail.co.uk/money/saving/article-5974335/Thousands-expat-Barclaycard-customers-accounts-shut.html Link to comment Share on other sites More sharing options...
Bangkok Barry Posted July 27, 2018 Share Posted July 27, 2018 'The full list of supported countries is now as follows: UK (England, Scotland, Wales, Northern Ireland, BFPO), Australia, France, Germany, Gibraltar, Spain, and Jersey, the Isle of Man, Guernsey, Bermuda, Cayman Islands and Falklands Islands.'And most of those are not countries in the usual sense. So Barclaycard will effectively only be available in five countries worldwide. So much for a global company. 'Expats cannot simply change the address to a family member or friend in the UK.' I guess that adds me to the list of customers they no longer want, although I've heard nothing. But how would they know where we really live? Are they asking for utility etc bills - which anyway could well be paid by others? Link to comment Share on other sites More sharing options...
Crossy Posted July 27, 2018 Share Posted July 27, 2018 49 minutes ago, Bangkok Barry said: But how would they know where we really live? My snottogram said they had "analysed my spending pattern" ? Link to comment Share on other sites More sharing options...
dabhand Posted July 27, 2018 Share Posted July 27, 2018 Closing Barclaycard accounts with a largish o/s balance (e.g. balance transfers) might be problematic. Would they allow time to pay off the balance or demand settlement within 30/60 days as some T&C's might indicate. If no remaining UK links I would say that a cheesed off customer might just give Barclaycard two fingers and let them whistle for their money!! Link to comment Share on other sites More sharing options...
superal Posted July 28, 2018 Share Posted July 28, 2018 11 hours ago, dabhand said: Closing Barclaycard accounts with a largish o/s balance (e.g. balance transfers) might be problematic. Would they allow time to pay off the balance or demand settlement within 30/60 days as some T&C's might indicate. If no remaining UK links I would say that a cheesed off customer might just give Barclaycard two fingers and let them whistle for their money!! Food for thought ? my naughty side was getting ideas . Been done before I bet . I not sure but something tells me that if someone does a runner from the UK leaving unpaid debts it is not a criminal offence but a civil offence and after 6 years the offender can return to the UK with the slate wiped clean . ( Someone will put me right ) . Link to comment Share on other sites More sharing options...
Crossy Posted July 28, 2018 Share Posted July 28, 2018 12 hours ago, dabhand said: Would they allow time to pay off the balance or demand settlement within 30/60 days as some T&C's might indicate. The mail I received said I could continue to pay minimum should I wish, but the full balance would become due if one payment was missed. I paid off the entire 50 Squid due and cut up the card. Link to comment Share on other sites More sharing options...
Bangkok Barry Posted July 28, 2018 Share Posted July 28, 2018 I've just remembered about something I wrote on another, similar, thread. About three or four years ago I received a similar threat to close the account if I didn't provide a UK address. I resigned myself to losing the card, but have an HSBC ATM/debit card linked to Visa and always pay off what I've spent straight away so it didn't really bother me. Two or three months after my account was supposed to have been cancelled I received a letter about some rule changes or something like that, so I called them and asked why as I'd been told my account was going to be closed. They found no trace of that and the account remains valid to this day. I have since given them my sister's UK address as she has now moved back there from Spain. Bottom line is, they may cancel the account. Or they may not. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.