ChatterBank1 min ago
Pay foreign currency by transfer or by credit card?
4 Answers
I have a bill to pay in Swedish Krone.
The company I need to pay to has requested that I transfer the money into their accout.
As I do not have a SEK currency account I have been informed by my bank that they can send the money but that there would be a �23 fee for doing so and the bank's exchange rate at the time of transfer would apply.
Does anyone know if it would be cheaper to try and pay the amount by credit card?
Thanks in advance
The company I need to pay to has requested that I transfer the money into their accout.
As I do not have a SEK currency account I have been informed by my bank that they can send the money but that there would be a �23 fee for doing so and the bank's exchange rate at the time of transfer would apply.
Does anyone know if it would be cheaper to try and pay the amount by credit card?
Thanks in advance
Answers
Best Answer
No best answer has yet been selected by Bez. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.So that's around �388.40.
It works out around 6% charge, which is steep.
I don't know NatWest's charges, but under 3% is typical.
Would the company be prepared to accept payment by credit card - if they want to charge another 2.5% or so, you may as well go for the bank transfer.
It may be worth while asking the company to share the costs - this is not at all unusual in many European countries.
It works out around 6% charge, which is steep.
I don't know NatWest's charges, but under 3% is typical.
Would the company be prepared to accept payment by credit card - if they want to charge another 2.5% or so, you may as well go for the bank transfer.
It may be worth while asking the company to share the costs - this is not at all unusual in many European countries.
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