advice on pensions needed

newguy


Joined: 02/12/2009
Posts: 179

Message Posted:
30/01/2010 18:33

Could any one tell me if a uk pension state or private can be paid direct to nc bank, or would it be possible to open an account in the south and have paid in there while haveing an nc address? need advice//

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
30/01/2010 18:35

pay it into your uk account and draw it out in trnc

the butler


Joined: 22/06/2007
Posts: 1958

Message Posted:
30/01/2010 18:44

Open a Nationwide account and have it paid in there, draw it out each month at an ATM machine in the TRNC

Nationwide do not charge for doing this.







The butlers wife

wanderer


Joined: 05/02/2009
Posts: 1653

Message Posted:
30/01/2010 19:01

The butlers wife

Sot on

no currency charge & no fee as with the rest of the uk banks also commercial exchange rates not tourists rates also internet access

teatime


Joined: 20/10/2008
Posts: 852

Message Posted:
30/01/2010 19:39

Have to agree with the butler and wanderer on this one

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
30/01/2010 19:44

Agree with Butler, been doing this for 6 years and get an excellent rate of exchange

Oleander


Joined: 03/05/2009
Posts: 302

Message Posted:
30/01/2010 22:23

I heard recently that Nationwide foreign withdrawals are no longer ALL free of charge. I cannot remember the details.

Oleander


Joined: 03/05/2009
Posts: 302

Message Posted:
30/01/2010 22:35

5 March 2009 - Britain's biggest building society is abandoning its 'no-fee' policy on overseas debit and credit card transactions. We tell you why holidays will no longer be as rosy with Nationwide...

Nationwide dealt a blow to its four million FlexAccount customers this week, as it announced it was scrapping the no-fee overseas transaction policy on its debit and credit cards.*

Until now, the brand famous for its 'proud to be different' motto has absorbed any extra overseas charges. However, from 6th May, it will start to pass on fees charged by Visa for transactions abroad - currently 0.84% (rising to 1% in July).

The first thing worth mentioning is that for transactions made within most European countries, the status quo remains. So whether you buy something from a European website, or pay for goods on the Continent, you will not be charged any additional fees.

Oleander


Joined: 03/05/2009
Posts: 302

Message Posted:
30/01/2010 22:35

cont/d

The first thing worth mentioning is that for transactions made within most European countries, the status quo remains. So whether you buy something from a European website, or pay for goods on the Continent, you will not be charged any additional fees.



In addition, if you own one of Nationwide's cash cards, as opposed to a debit card, the changes also won't apply, as these cards are issued by rival MasterCard.



However, Nationwide says cash cards will soon follow in Visa's footsteps. You can see a full list of countries not affected by these changes here.

Oleander


Joined: 03/05/2009
Posts: 302

Message Posted:
30/01/2010 22:36

http://www.nationwide.co.uk/current_account/foreigntransactions.htm



Link to the full list of countries.

Oleander


Joined: 03/05/2009
Posts: 302

Message Posted:
30/01/2010 22:37

Cyprus = NO FEE

Turkey = NO FEE



It does not have the TRNC on the list. Whether it would be treated as 'Turkey' I don't know.

andre 514


Joined: 31/03/2008
Posts: 1163

Message Posted:
30/01/2010 22:47

um...



there is the well-known nationwide concession that mercifully applies in turkey/nrth cyprus



...but it is still possible you will be charged a fee of a couple of quid by the atm you use in cyprus



with payment going to the bank that owns that cash machine



I say this because a friend of mine was charged by the atm machine for withdrawing ytl

the butler


Joined: 22/06/2007
Posts: 1958

Message Posted:
30/01/2010 23:02

I drew cash on my Nationwide debit card over christmas in the TRNC no charge from nationwide or the ATM machine.





The butlers wife

Woodspeckie


Joined: 25/01/2009
Posts: 2263

Message Posted:
31/01/2010 00:48

In December and January I withdrew Sterling from HSBC machine near the Dome Taxi rank with Nationwide debit card, no charge whatsoever, then changed it at the exchange to TL.

nostradamus


Joined: 15/04/2008
Posts: 557

Message Posted:
31/01/2010 09:52

No Nationwide charges here as the banks are classed as Turkey

nostradamus


Joined: 15/04/2008
Posts: 557

Message Posted:
31/01/2010 09:54

You will find it very difficult to open a bank account in the south. They will require proof of address because of EU money laundering regulations and most of them ask for an electricity bill. They will not accept a TRNC address as they say they cannot confirm these.

twaddle


Joined: 06/07/2008
Posts: 245

Message Posted:
31/01/2010 11:09

Why not have it paid into your UK account and open a Turk Bank sterling account. You can then pay in a UK bank cheque every month which they will not charge you for. It does take a while for the cheques to clear, but your money remains at the same level. You can then decide when to change into TL as and when exchange rates are more favourable.

stellasstar1



Joined: 02/07/2008
Posts: 1519

Message Posted:
31/01/2010 11:43

Turk Bank do now charge a small amount for doing it.

Geoff


Joined: 25/06/2008
Posts: 1370

Message Posted:
31/01/2010 11:43

Re No.11: TRNC is treated same as Turkey (Mersin 10 etc),

Geoff

Famagusta City

Geejay


Joined: 18/04/2009
Posts: 475

Message Posted:
31/01/2010 18:58

Nationwide Flexaccount works for me. No charges and good rate of exchange when drawing Turkish Lire on my Debit Card.