Being paid in US dollars in UK Bank account

IanMel_2

1: I have been offered a job that will pay me in US Dollars each month into my UK current account with Barclays via BACS - does anyone know what charges I will incur and what exchange rate they will give me / issues may arise?

2: The other choice I have been given is to be paid in Sterling each month at a fixed exchange rate of 0.639 for six months - would this perhaps work out as a better deal. Also I presume there is no charge to have Sterling from abroad paid into my account?

Thanks for any advice - I hope I am in the right forum!

sabretoothtigger

If you divide 1 by that 0.639 figure it gives you the normal exchange rate of 1.565 dollars per pound.

They'll charge about 1% or more to receive your pay in dollars I think, I doubt it'd cost for sterling

IanMel_2

Thanks for this, I have now accepted to be paid in Sterling. Does this thus mean that even though the Sterling is coming from abroad via BACS there will be no extra charges from Barclays - I have been into the branch and they had no idea, in fact the person who I asked got stressed and said I was "doing her head in"

edinburgher

If you're being paid in sterling, you're being paid in sterling Don't see there being a problem.