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  #1  
Old 06-03-2005, 12:54 AM
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Default 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.
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  #2  
Old 06-03-2005, 04:52 AM
TylerD TylerD is offline
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Location: UK
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Default 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  
Old 06-03-2005, 05:25 AM
axioma axioma is offline
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Default Re: Most efficient way to withdraw from PP to the UK?

withdrawal to switch by a mile.
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  #4  
Old 06-03-2005, 06:02 AM
stigmata stigmata is offline
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Default Re: Most efficient way to withdraw from PP to the UK?

I like First Direct (for Maestro card).
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  #5  
Old 06-03-2005, 06:11 AM
mackthefork mackthefork is offline
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Default 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
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  #6  
Old 06-03-2005, 06:43 AM
parappa parappa is offline
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Default 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.
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  #7  
Old 06-03-2005, 07:18 AM
peinchka peinchka is offline
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Join Date: Apr 2005
Posts: 13
Default 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!!
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  #8  
Old 06-03-2005, 07:21 AM
parappa parappa is offline
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Join Date: Jul 2004
Posts: 441
Default 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.
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  #9  
Old 06-03-2005, 08:08 AM
kapw7 kapw7 is offline
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Join Date: Jan 2005
Posts: 777
Default 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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  #10  
Old 06-03-2005, 08:16 AM
parappa parappa is offline
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Join Date: Jul 2004
Posts: 441
Default 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.
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