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#1
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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. |
#2
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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.
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#3
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Re: Most efficient way to withdraw from PP to the UK?
withdrawal to switch by a mile.
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#4
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Re: Most efficient way to withdraw from PP to the UK?
I like First Direct (for Maestro card).
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#5
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Re: Most efficient way to withdraw from PP to the UK?
[ QUOTE ]
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. |
#6
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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 |
#7
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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. |
#8
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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!! |
#9
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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. |
#10
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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. |
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