Best way to get paid in multiple currencies?
September 19, 2012 6:45 PM Subscribe
Asking for a friend: what is the best, fee-avoiding bank account set up for a freelancer who works internationally and is paid in multiple currencies? More details...
posted by scuza to Work & Money (3 answers total) 4 users marked this as a favorite
My awesome housemate is a freelancer who works around the world as a journalist but is based in Australia. She often gets paid in multiple currencies and is hit hard with big fees every time pay comes in.
Each international organisation she works for has a different payment method, so sometimes money gets converted through a bank that's not her own and she gets lumped with even bigger fees that her bank has no control over, or the money is put through a terrible currency conversion rate.
Some organisations won't pay using Pay Pal so that's not an option.
Do you have any suggestions for how she might better set herself up for being paid in multiple currencies? A way where she can exercise more control over how her money is processed?
Am aware I might not have provided enough info so can answer any follow ups, this is a grey area for me so I'm not sure what else is relevant.
Thank you everyone!