Moneybookers question

[laconic]

Hi, can I relate this Moneybookers question to Neteller. My home currency is GBP, but my Neteller base currency is USD. This is so I can move USD all around the offshore world without having to pay currency conversion costs every time I move money between Neteller and sportsbooks. The only time I pay conversion costs is when I withdraw USD from Neteller to my GBP bank account.

Would the same thing be possible if I join Moneybookers, do they let you determine the currency of the account?

[MRK]

Yes, it is.

I am canadian and do the same thing as you. My moneybookers and sportsbook accounts are all usd and I only convert to cnd when i send everything back to my bank. If you really want to get a good deal on your exchange, set up a usd account at your british bank, and then negotiate a special rate for exchanging large amounts of currency. This should save you about 1.5-2% of th amount you are exchanging in fees.

[benjy]

Yes, it is.

I am canadian and do the same thing as you. My moneybookers and sportsbook accounts are all usd and I only convert to cnd when i send everything back to my bank. If you really want to get a good deal on your exchange, set up a usd account at your british bank, and then negotiate a special rate for exchanging large amounts of currency. This should save you about 1.5-2% of th amount you are exchanging in fees.

This is good advice and absolutely correct.

[Dunder]

Yes, it is.

I am canadian and do the same thing as you. My moneybookers and sportsbook accounts are all usd and I only convert to cnd when i send everything back to my bank. If you really want to get a good deal on your exchange, set up a usd account at your british bank, and then negotiate a special rate for exchanging large amounts of currency. This should save you about 1.5-2% of th amount you are exchanging in fees.

Citibank allow you to operate parallel GBP and USD accounts and move money between them at interbank rates. There is quite a high minimum blance requirement though.

[Docta Ignoranti]

Citibank is extremely anti-gambling especially within its retail banking model. Stick to Moneybookers. Its safe, easy to use and utilized by most sportsbook globally.

[siabdo23]

moneybookers deals in EURO

[benjy]

moneybookers deals in EURO

Not just Euros. Multiple currencies. Notably USD, the currency in question.

[Dunder]

Citibank is extremely anti-gambling especially within its retail banking model. Stick to Moneybookers. Its safe, easy to use and utilized by most sportsbook globally.

I was referring to Citibank UK and as a means of funding/withdrawing from Moneybookers.