Connect foreign bank account to save on fees

BillionsManager
Contributor
Contributor

Hi,

Our business account is in GBP but we get many payments in USD and AUD.

We have a bank account (wise) with AUD and USD as currencies but it seems that there is no way to add a foreign bank account to the PayPal account.

Is there a way to withdraw the amount in the original currencies without having to pay the ridiculous exchange fees?

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1 REPLY 1

kernowlass
Esteemed Advisor
Esteemed Advisor

@BillionsManager 

 

Paypal is country specific so you have to open a paypal account in the country you reside in and add an address / phone number / bank accounts / cards from within that country.

You can however add a U.S bank account (not card) to 'most' other countries paypal accounts. This is because paypal is a U.S company and so allows this.






Advice is voluntary.
Kudos / Solution appreciated.
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