Most efficient way to withdraw from PP to the UK?
 

Hi folks,

Just started playing at party and so far so good, except that the bank want to take a month to clear their cheques and charge a fee on top. Just wandering how other UK players repatriate their winnings. Will banks take a cut on netteller transactions and if so is it heinous? Am I just with the wrong bank? I know the obvious answer is to ask the bank(s) but I'd rather have the correct answer...

Any help appreciated.

Re: Most efficient way to withdraw from PP to the UK?
 

Withdrawls to your Maestro (Switch) debit card are free of charge, give a good exchange rate and the money reaches your account within a couple of days.

Re: Most efficient way to withdraw from PP to the UK?
 

withdrawal to switch by a mile.

Re: Most efficient way to withdraw from PP to the UK?
 

I like First Direct (for Maestro card).

Re: Most efficient way to withdraw from PP to the UK?
 

I do it straight to my switch card, it takes 2 days to clear to the account no currency fees at all.

Mack

Re: Most efficient way to withdraw from PP to the UK?
 

[ QUOTE ]
Hi folks,

Just started playing at party and so far so good, except that the bank want to take a month to clear their cheques and charge a fee on top. Just wandering how other UK players repatriate their winnings. Will banks take a cut on netteller transactions and if so is it heinous? Am I just with the wrong bank? I know the obvious answer is to ask the bank(s) but I'd rather have the correct answer...

Any help appreciated.

[/ QUOTE ]

The bank won't matter. If you live in the UK and withdraw dollars out of your neteller account, neteller will convert it and send you a check in pounds. You walk that to the bank, no fees.

Why would the bank want to charge a fee, take a month? My neteller checks are drawn on Barclays UK.

I'm sure that some kind of electronic solution is better but my bank only has electron which doesn't work with any of them.

Re: Most efficient way to withdraw from PP to the UK?
 

[ QUOTE ]


The bank won't matter. If you live in the UK and withdraw dollars out of your neteller account, neteller will convert it and send you a check in pounds. You walk that to the bank, no fees.

Why would the bank want to charge a fee, take a month? My neteller checks are drawn on Barclays UK.

I'm sure that some kind of electronic solution is better but my bank only has electron which doesn't work with any of them.

[/ QUOTE ]

Except Neteller will rip you off big time on their exchange fees!!

Re: Most efficient way to withdraw from PP to the UK?
 

[ QUOTE ]
[ QUOTE ]


The bank won't matter. If you live in the UK and withdraw dollars out of your neteller account, neteller will convert it and send you a check in pounds. You walk that to the bank, no fees.

Why would the bank want to charge a fee, take a month? My neteller checks are drawn on Barclays UK.

I'm sure that some kind of electronic solution is better but my bank only has electron which doesn't work with any of them.

[/ QUOTE ]

Except Neteller will rip you off big time on their exchange fees!!

[/ QUOTE ]

Yes, but that's going to happen anyway unless you can transfer it through Multi or something. Their ATM is worse. The check rate isn't horrible.

Re: Most efficient way to withdraw from PP to the UK?
 

[ QUOTE ]
[ QUOTE ]


The bank won't matter. If you live in the UK and withdraw dollars out of your neteller account, neteller will convert it and send you a check in pounds. You walk that to the bank, no fees.

Why would the bank want to charge a fee, take a month? My neteller checks are drawn on Barclays UK.

I'm sure that some kind of electronic solution is better but my bank only has electron which doesn't work with any of them.

[/ QUOTE ]

Except Neteller will rip you off big time on their exchange fees!!

[/ QUOTE ]

I have set up my neteller acc. in US$ not GBP so at least I don't lose in every transaction due to exchange rates. But for PP, Switch is the best option.

Re: Most efficient way to withdraw from PP to the UK?
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]


The bank won't matter. If you live in the UK and withdraw dollars out of your neteller account, neteller will convert it and send you a check in pounds. You walk that to the bank, no fees.

Why would the bank want to charge a fee, take a month? My neteller checks are drawn on Barclays UK.

I'm sure that some kind of electronic solution is better but my bank only has electron which doesn't work with any of them.

[/ QUOTE ]

Except Neteller will rip you off big time on their exchange fees!!

[/ QUOTE ]

I have set up my neteller acc. in US$ not GBP so at least I don't lose in every transaction due to exchange rates. But for PP, Switch is the best option.

[/ QUOTE ]

Yes, me too. Although if you did order a check to the UK from your neteller USD account, I'm assuming that it would arrive in GBP as mine does. That's what I was trying to communicate to the OP.

Re: Most efficient way to withdraw from PP to the UK?
 

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I like First Direct (for Maestro card).

[/ QUOTE ]

I second this, open an account with them just to get your money out of Party, pretty fast transaction times and the conversion rate seems decent.

Re: Most efficient way to withdraw from PP to the UK?
 

If I have a Coral account, would I save a lot on the exc rate by withdrawing straight to my Switch card?

What I currently do is w/draw to my Neteller ac (which is in £), then get a cheque.

Re: Most efficient way to withdraw from PP to the UK?
 

YES!

Re: Most efficient way to withdraw from PP to the UK?
 

Heh, how muc roughly? I bet I've been costing myself loads.

Re: Most efficient way to withdraw from PP to the UK?
 

Whenever I withdraw from Party (or Coral) I usually get a rate equal to slightly greater than the one on www.xrates.com with no fees. I can't rememeber how much it cost me to withdraw from Neteller but it wasn't insignficant, you're paying an exchange fee every time.

Re: Most efficient way to withdraw from PP to the UK?
 

[ QUOTE ]
Whenever I withdraw from Party (or Coral) I usually get a rate equal to slightly greater than the one on www.xrates.com with no fees. I can't rememeber how much it cost me to withdraw from Neteller but it wasn't insignficant, you're paying an exchange fee every time.

[/ QUOTE ]

On coral the option to withdraw to switch is just 'withdraw to existing credit card' right? I registered my visa card when i put my first deposit in there and last time i withdrawn i got a pretty shitty rate, 0.51 when ex.com had 0.53 up, but i can't imagine there being a visa fee or getting a different exchange rate with a visa?

Anyhow, i'll have to go the coral -> neteller -> empire route, i can see this pissing empire off since i haven't withdrawn in a while.

Re: Most efficient way to withdraw from PP to the UK?
 

Well I'm not too happy as I just got a cheque from Neteller but the exchange rate seemed to be real bad. They gave me 1 GBP for ~$1.78, yet the current rates are ~$1.68 I believe.

To make matters worse, I'm off to the US in November and need some dollars for poker playing. But if I have to cash out dollars to GBPs, and then buy dollars I'm going to get hammered.

Anyone got any ideas? Most of my bankroll is on PokerStars at the moment.