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PayPal FX fees... must be a better way...
nickds1
Posts: 1 Newbie
Hi,
I have some USD in my PayPal account and want to get it into my HSBC UK bank account which is currently only GBP.
The PayPal GBPUSD FX rate is pretty shocking.- is there a better way of getting a decent amount of USD into GBP? Should I open a USD account with HSBC and let them do the xfer?
The sum involved at the moment is nearly USD 15k and the PayPal rate is nearly GBP 640 off best.
There must be a better way of doing this... or do we just have to accept this?
Thanks
I have some USD in my PayPal account and want to get it into my HSBC UK bank account which is currently only GBP.
The PayPal GBPUSD FX rate is pretty shocking.- is there a better way of getting a decent amount of USD into GBP? Should I open a USD account with HSBC and let them do the xfer?
The sum involved at the moment is nearly USD 15k and the PayPal rate is nearly GBP 640 off best.
There must be a better way of doing this... or do we just have to accept this?
Thanks
0
Comments
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Use a Wise account if you can transfer to a Wide USD account.
0 -
You can set up a Wise account and link it to your PayPal account.
https://wise.com/gb/blog/how-to-send-money-from-paypal-to-transferwise
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You can use the https://www.monito.com/ comparison engine to figure out the best deal
Also check cashback deals - e.g. using Currencyfair could net you £100. https://www.topcashback.co.uk/currencyfair/0
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