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Business account for sole trader paid from EU
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Didyousaysomething
Posts: 12 Forumite
Hi there,
I'm looking for a business bank account for my sole trader business which is based in the UK but provides services to clients in the EU, typically Germany and Switzerland.
I am therefore usually paid in Euros and would prefer to avoid the higher fees some banks charge for receiving foreign payments.
I have come across TransferWise as an option:
- does anyone have experience of using this for their business
- how does it work in terms of paperwork/tax returns etc. Do you get the same amount of records that you would get, say, from a high street bank?
Alternatively, Is anyone in a similar position to me and had good experiences with a more traditional bank?
I'd be very grateful for any information anyone could give. Thanks!
I'm looking for a business bank account for my sole trader business which is based in the UK but provides services to clients in the EU, typically Germany and Switzerland.
I am therefore usually paid in Euros and would prefer to avoid the higher fees some banks charge for receiving foreign payments.
I have come across TransferWise as an option:
- does anyone have experience of using this for their business
- how does it work in terms of paperwork/tax returns etc. Do you get the same amount of records that you would get, say, from a high street bank?
Alternatively, Is anyone in a similar position to me and had good experiences with a more traditional bank?
I'd be very grateful for any information anyone could give. Thanks!
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