41–50 of 174 posts
Earlier quoted context omitted.
i can say for sure the few times ive had issues transferring money overseas tesco customer services claim to be checking the status on an hsbc system
Maybe their forex is via Hsbc?
Forex typically means buying or selling currencies, not transferring money between parties.
> Tesco Bank is stressing that relatively small amounts were taken from 20,000 accounts If someone is living month to month, said £500 missing could be very serious complication of life and £25 "emergency fund" is a joke. I personally doubt a wealthy person would use that bank and yet they seem to think their customers are pissing gold.
> personally doubt a wealthy person would use that bank and yet they seem to think their customers are pissing gold. Actually they give a decent interest rate (relative to the competition) of 3% on the first £3,000[0] so I know a few people who have multiple accounts with them just to reap the interest. [0] http://www.tescobank.com/current-accounts/
And this right here is why you should have accounts with at least three separate banks, ideally in at least two different countries, and emergency funds in all of them. Also – get a couple of credit cards! Even if you never use the credit beyond what's necessary to keep it, it's good to have for when the proverbial shit hits the fan. Cash is also useful for solving the basic needs like getting food, but for paying bi…
> ideally in at least two different countries Is it generally easy to open accounts in countries you are not resident in?
https://1office.co/estonia/blog/opening-estonian-bank-accoun...
And this right here is why you should have accounts with at least three separate banks, ideally in at least two different countries, and emergency funds in all of them. Also – get a couple of credit cards! Even if you never use the credit beyond what's necessary to keep it, it's good to have for when the proverbial shit hits the fan. Cash is also useful for solving the basic needs like getting food, but for paying bi…
Credit cards are great for some but inappropriate for others who lack discipline or funds. Keep in mind you spend more when using plastic over cash as well. [1]
No advice is one sized fits all.
[1] https://www.nerdwallet.com/blog/credit-cards/credit-cards-ma...
And this right here is why you should have accounts with at least three separate banks, ideally in at least two different countries, and emergency funds in all of them. Also – get a couple of credit cards! Even if you never use the credit beyond what's necessary to keep it, it's good to have for when the proverbial shit hits the fan. Cash is also useful for solving the basic needs like getting food, but for paying bi…
And this right here is why you should have accounts with at least three separate banks, ideally in at least two different countries, and emergency funds in all of them. Also – get a couple of credit cards! Even if you never use the credit beyond what's necessary to keep it, it's good to have for when the proverbial shit hits the fan. Cash is also useful for solving the basic needs like getting food, but for paying bi…
I keep a lot of money in cryptocurrency in my cold wallets. Those can't be seized, no run on the banks there, and thus far the appreciation has been great.
That is, the addresses can be published by whatever entity with a threat to taint addresses they send value too unless the target addresses turn the value over to the government entity.
Earlier quoted context omitted.
> personally doubt a wealthy person would use that bank and yet they seem to think their customers are pissing gold. Actually they give a decent interest rate (relative to the competition) of 3% on the first £3,000[0] so I know a few people who have multiple accounts with them just to reap the interest. [0] http://www.tescobank.com/current-accounts/
3% minus inflation of 0.6% that would be 2.4% of £3000, which is £72 a year, which gives £6 a month. Is it worth the hassle?
Anyway, £6 (or £7.50) is the price of a meal. £72 (or £90) is the price of a few decent Christmas presents. These things add up.
And this right here is why you should have accounts with at least three separate banks, ideally in at least two different countries, and emergency funds in all of them. Also – get a couple of credit cards! Even if you never use the credit beyond what's necessary to keep it, it's good to have for when the proverbial shit hits the fan. Cash is also useful for solving the basic needs like getting food, but for paying bi…
Earlier quoted context omitted.
3% minus inflation of 0.6% that would be 2.4% of £3000, which is £72 a year, which gives £6 a month. Is it worth the hassle?
I don't understand why you're subtracting inflation. Yes I know doing so gives you the 'real terms' increase in value, but if you stuff £3,000 in a mattress and pull it out after a year you don't notionally add inflation to it's value when comparing it to the value of savings. The savings in that account would still be 3% more than your mattress money, not 2.4% more. Unless you're comparing it to spending all the mon…