Clear search
Remote Jobs  Nomad Insurance Chat Meetups Visas & Residency New Climate Finder Forum FAQ Dating New Members Hire Remotely Open menu
๐ŸŒ Join Nomad List๐Ÿ‘‹  Log in
General
Nomad List  Frontpage๐ŸŒ—  Dark mode โค๏ธ  Your favorites๐Ÿš‘  Nomad insurance๐Ÿฅ  About
Community
โค๏ธ Dating app๐Ÿค  Friend finder๐Ÿ’ฌ  Discord chat
new
๐Ÿ’ฌ  Slack chat๐Ÿ’ˆ  Host meetup
new
๐Ÿน  Attend meetup๐ŸŒŽ  Members map
Tools
๐Ÿœ  Explore๐Ÿ“ธ  Vote on photos๐Ÿ’ธ  FIRE calculator๐ŸŒค  Climate finder๐Ÿ’ฅ  Fastest growing๐Ÿ“Š  Nomad stats
new
๐Ÿ“œ  History of nomads
new
๐Ÿงช  Network graph
new
๐Ÿ”Œ  Fastest internet๐Ÿ”ฎ  Random place๐Ÿ”ฎ  Random good place
Misc
๐Ÿคฒ  Open Startup ($108k/mo)๐ŸŸข  Uptime (99.93%)๐Ÿ“ˆ  Pageviews (767K/mo)๐Ÿ›ฐ  Remote jobsโœˆ๏ธ  Best airlines๐Ÿ—บ  Neighborhoods๐Ÿ  Coworkations๐Ÿ‡ต๐Ÿ‡น  Get Portuguese residency๐Ÿ’  Help
๐Ÿ‘‹ We've discontinued the forum. You can still read the posts archive but not post. To ask questions, please use the Nomad List Chat
Title
Be specific and imagine youโ€™re asking a question to another person. You can also post non-question posts of general interest

Body
Include all the information someone would need to answer your question or reply to your post
Cancel

You won't be notified by email when a reply is posted, to change your notification settings. Posts must follow the TOS: No ads, self promotion, commercial posts, surveys etc. For customer support questions, don't post here but use the feedback box in the bottom right of this page instead.

๐Ÿ‘
536
๐Ÿ‘Ž

How to exchange money cheaply?

 

by @neutron6yr  | 26 comments

Just thought I would give a tip for something thats been amazingly useful for me recently.

Itโ€™s basically a pre-paid debit card, where itโ€™s free to exchange into Euro GBP and Dollar.

There are no costs to use it. You upload money into it and then it exchanges it at โ€œinter-bank ratesโ€ - the same rates as the banks get I believe.

No commisions, No costs, No discrepancies in FX rates.

I reckon I must have saved around ยฃ150 this month in various fees for things.

Another good one is transferwise - if you have to send money direct to someones bank account - there are charges but very small (like ยฃ2 to send ยฃ400)

Hope it can help a few people out there and give the banks a good duff up at the same time :slight_smile:

๐Ÿ‘
536
๐Ÿ‘Ž
๐Ÿ‘
4
๐Ÿ‘Ž
@neutron6yr

oh well, all good things come to an end.

Revolut are putting limits on atm withdrawls now -

You can only get ยฃ500 per month and then after its 2% which is pretty much the same as the banks are offering.

Im just gonna get my ยฃ500 per month and then not use it after that!

๐Ÿ‘
4
๐Ÿ‘Ž
๐Ÿ‘
2
๐Ÿ‘Ž
@nomadtax6yr

Revolut isnโ€™t a good option anymore, especially since they now charge a spread of 2-5% on each transactions (yes even ATM withdrawals below 500).

Iโ€™ve tried a few of these fintech products but the good ones keep going bankrupt, being acquired or changing their offering. Considering we are talking about actually money, Iโ€™d recommend going with a real bank for now. I understand that banking sucks in most countries but then there is always offshore banking.

๐Ÿ‘
2
๐Ÿ‘Ž
๐Ÿ‘
3
๐Ÿ‘Ž
@neutron6yr

Thanks nomadtax - Iโ€™m not a fan of bait and switch tactics - so I will drop them completely now! Surprising that this type of strategy can be valid in todays world. I donโ€™t think I could sleep at night working at a company like this. Sad :confused:

๐Ÿ‘
3
๐Ÿ‘Ž
๐Ÿ‘
0
๐Ÿ‘Ž
@robetus6yr

Just wanted to give a quick update on my experience with Revolut. I tried to add money with a mastercard debit card and it doesnโ€™t work regardless of it saying it does work with both visa and mastercard debit cards. I asked support about it and they said theyโ€™d get back to me, that was two weeks ago. I have one visa debit card that I donโ€™t use often but wanted to check out the exchange features of the Revolut app so I added some money. It only allows me to exchange USD to EUR or GBP. I tried to add a currency to exchange with no luck so I asked support again about that and havenโ€™t heard anything back in over week. Very disappointing.

I know theyโ€™re still in business because they just updated their iPhone app but the donโ€™t answer me. I emailed them at their support email today to see if I get a response. Iโ€™ll update when I do.

๐Ÿ‘
0
๐Ÿ‘Ž
๐Ÿ‘
5
๐Ÿ‘Ž
@neutron6yr

Just a quick update on this.

The card is great when it works well.

We have lost some money somehow on the card (multiple cash withdrawals that arenโ€™t accounted for - maybe fraud, maybe a glitch in their system - it is impossible to tell unless we get in touch with the bank where the money was taken out). Quite a lot of other people are saying the same thing. After the fraud happens they block your card - so you canโ€™t use it any more - and maybe lose the remaining money on the card -I donโ€™t know?

I donโ€™t recommend using the card as a debit card - you wont be able to track your spendingโ€ฆ

Highly recommend to just put the money on you want to withdraw, and then withdraw it at a cash point - straight away. Do not leave any money on the card/in the app - unless you want to lose it.

Weโ€™ve found the customer service pretty patchy in places. You also cannot get a detailed breakdown of transactions - which makes life really difficult.

Stay safe!

๐Ÿ‘
5
๐Ÿ‘Ž
๐Ÿ‘
4
๐Ÿ‘Ž

There is a tool to exchange money cheaply : http://neomy.io

It checks in real-time exchange rates, spots and alerts you automatically when it is best time for you to transfer money, in terms of which money corridor you follow. So you can save even more money when you do your transfer, because it is at the best exchange rate. I use it and it works very well.

๐Ÿ‘
4
๐Ÿ‘Ž
๐Ÿ‘
10
๐Ÿ‘Ž
@nomadtax6yr

Iโ€™ve written a review of Revolut on my blog. You can read it here:

For those in the EU, Number26 is also a good alternative. For those who want true offshore banking, check out the Unionpay debit card from Standard Chartered in Hong Kong. No withdrawal fees, no forex fees, no monthly fees.

๐Ÿ‘
10
๐Ÿ‘Ž
๐Ÿ‘
5
๐Ÿ‘Ž
@robetus6yr

Just ordered my revolut card for my trip to India and SEA. Iโ€™m a US citizen currently living in Germany and had no problem getting my card sent to my German address. Itโ€™s cool how they give you a digital version of the card right away. Thanks so much for the recommendation neutron!

๐Ÿ‘
5
๐Ÿ‘Ž
๐Ÿ‘
8
๐Ÿ‘Ž

Hi all,

I spent many hours reading about & trying banking services.

I finally got to write an article on my new blog regarding โ€œBanking solutions for travellers, expats & Digital Nomadsโ€.

I believe it will help many people to save ton of research & time consuming try-and-error.

Please feel free to give me your feedback & let me know if there is a service I forgot to mention.

Andโ€ฆ Merry Christmas from Ko Toa! :blush:

๐Ÿ‘
8
๐Ÿ‘Ž
๐Ÿ‘
4
๐Ÿ‘Ž
@borowiis6yr

Hey, @neutron I think you should provide a referral link to anyone who appreciates your advice. I most definitely do.

๐Ÿ‘
4
๐Ÿ‘Ž
๐Ÿ‘
3
๐Ÿ‘Ž
@neutron6yr

Yeah, unfortunately referral links arent allowed on here. Iโ€™m happy just to know that a few people can benefit really.

๐Ÿ‘
3
๐Ÿ‘Ž
๐Ÿ‘
3
๐Ÿ‘Ž
@borowiis6yr

Hey guys revolut seems great, thanks! Iโ€™m only not sure how to put money to the account if my debit card is issued in Ukraine, I certainly do not want to pay for SWIFT transfer as per their FAQ : ( Is there anyone here with a similar situation?

๐Ÿ‘
3
๐Ÿ‘Ž
๐Ÿ‘
4
๐Ÿ‘Ž
@borowiis6yr

Ah, seems like this fee applies only to bank transfer. So, allโ€™s good, thank you.

๐Ÿ‘
4
๐Ÿ‘Ž
๐Ÿ‘
4
๐Ÿ‘Ž

If have you do an international bank transfer & exchange currency at the same time, then you might want to use CurrencyFair or TransferWise for that purpose.

๐Ÿ‘
4
๐Ÿ‘Ž
๐Ÿ‘
17
๐Ÿ‘Ž

@neutron That looks like a great solution!

I love currencyfair & transferwise for exchanging & transferring money, revolut would be a nice addition to these tools.

One question: this company seems UK based, can resident of other (any?) countries use this service?

๐Ÿ‘
17
๐Ÿ‘Ž
๐Ÿ‘
4
๐Ÿ‘Ž
@neutron6yr

Hi,

I really donโ€™t know. Maybe download the app and give it a try. It seems to work anywhere that debit allowsโ€ฆ

๐Ÿ‘
4
๐Ÿ‘Ž
๐Ÿ‘
3
๐Ÿ‘Ž

I just successfully signed up to Revolut & I am NOT a UK resident :smile:

Will try to actually use this & see how it goes. Thanks again for the tip @neutron, this could change quite a few things in my personal finances.

๐Ÿ‘
3
๐Ÿ‘Ž
๐Ÿ‘
3
๐Ÿ‘Ž
@borowiis6yr

Yes, they work in other coutries as well.

๐Ÿ‘
3
๐Ÿ‘Ž
๐Ÿ‘
6
๐Ÿ‘Ž

Iโ€™ve been using Revolut now for awhile and itโ€™s awesome and you get the exact same rate you see on Google. Iโ€™ve taken money out at ATMs in at least 20 countries with no issues (other than Bosnia where they donโ€™t operate). Their customer service is also great - highly recommended.

๐Ÿ‘
6
๐Ÿ‘Ž
๐Ÿ‘
5
๐Ÿ‘Ž
@richardh6yr

Thereโ€™s a few of these zero/low fee prepaid debit cards cropping up. I use WeSwap. Those guys are very cautious about complying with AML/KYC, and as such do not permit P2P transfers.

๐Ÿ‘
5
๐Ÿ‘Ž
๐Ÿ‘
3
๐Ÿ‘Ž

@RichardH: WeSwap seems pretty good too!

Only supports 16 currencies though, versus 90 currencies for Revolut.

Just like Revolut, the exchange rate used is the โ€œmid-market exchange rate โ€ฆ Also known as the interbank rate or spot rateโ€.

One question: this company is UK based, can resident of other (any?) countries use this service?

๐Ÿ‘
3
๐Ÿ‘Ž
๐Ÿ‘
5
๐Ÿ‘Ž

+1 for transferwise. Use it all the time.

I also use azimo.com (the do some currencies/countries that transferwise does not.

๐Ÿ‘
5
๐Ÿ‘Ž
๐Ÿ‘
7
๐Ÿ‘Ž

This sounds really great!! Iโ€™m considering using when coming from Canada to Portugal in a few weeks.

Any downsides I should know about? Are the physical cards accepted everywhere? Any issue using in particular ATMs etc?

๐Ÿ‘
7
๐Ÿ‘Ž
๐Ÿ‘
5
๐Ÿ‘Ž
@neutron6yr

No downsides I have found. There is only one place here (portgual) that wouldnt accept and that is because its mastercard not visa.

๐Ÿ‘
5
๐Ÿ‘Ž
๐Ÿ‘
5
๐Ÿ‘Ž

I know a similar (?) service, https://www.monese.com/ but never use it

๐Ÿ‘
5
๐Ÿ‘Ž
๐Ÿ‘
6
๐Ÿ‘Ž

@nunoarruda: Monese seemed like an interesting solution too. And they provide a VISA debit card.

However, it only supports GBP & EUR. Not much of a solution when traveling! This company is UK based btw, and I assume they wonโ€™t let anyone who is not a UK resident sign up for their card.

๐Ÿ‘
6
๐Ÿ‘Ž
Read and participate in 14,118 discussions on Nomad List

Suggested topics

๐Ÿ‘
5
๐Ÿ‘Ž

What features would you like to see on Nomad List?


by @levelsio8mo 7 months ago | 3 comments

Hi everyone,

I would love to hear what you'd like me to build next on Nomad List, or any other product/feature feedback ideas you have.

It's been 6+ years now but I'm in this for the long term and with the boost remote work got last year it's even more exciting to work on Nomad List than ever.

Current roadmap is here: twitter.com/levelsio/status/1363204985488572417?s=20 and pbs.twimg.com/media/EusS9PKXEAUR8xp?format=jpg&name=4096x4096

The next products/features I have planned:

- ๐Ÿ›‚ Rebase: visa, residency and immigration services for remote workers

- ๐ŸŽ“Courses: learn the steps how to go remote and travel/relocate

- ๐Ÿ› Gov liaison: diplomacy services to the governments to help us lobby for nomads and for them to attract remote workers

Thanks a lot!

๐Ÿ‘
5
๐Ÿ‘Ž
๐Ÿ‘
1
๐Ÿ‘Ž

What are the best places right now in the Caribbean/LatAM? (Also cheapest flights/accommodation?)


by @orangutan38mo 8 months ago | 1 comment

What are the best places right now in the Caribbean/LatAM? (Also cheapest flights/accommodation?) Asking from the US.

๐Ÿ‘
1
๐Ÿ‘Ž
๐Ÿ‘
0
๐Ÿ‘Ž

List of Visa/Residency Information in Table/Spreadsheet format?


by @innovatelife9mo 8 months ago | 2 comments

As part of signing up for this website I was hoping I would come across a list of Visa and/or Residency requirements by country ideally in a table format to assist with decision making. Does anybody recommend any other websites that might present the information in this format (or Google Spreadsheet)?

๐Ÿ‘
0
๐Ÿ‘Ž
๐Ÿ‘
2
๐Ÿ‘Ž

Most Walkable Neighborhood / City In The World ?


by @dannybooboo9mo 8 months ago | 1 comment

I love living in walkable areas of town. I can always find them. But now I'm wondering where in the world are the most walkable places? I'm imagining walk streets (no cars), zoning allowing both business and residential, parks or beaches ,etc.

๐Ÿ‘
2
๐Ÿ‘Ž
๐Ÿ‘
0
๐Ÿ‘Ž

Any nomads in Arizona, US?


in Netherlands by @info1329mo 8 months ago | 4 comments

Hi guys,

After the Netherlands, the Bay Area, Colorado and being on the van life for 8 months, I am now in Sedona, AZ with a few other digital nomads. We are sharing a home here and are wondering if there are more like minded people in the area.

We do a bunch of hikes and campouts in the northern of Arizona. If you would like to connect with us, please do so :)

Val

๐Ÿ‘
0
๐Ÿ‘Ž
๐Ÿ‘
0
๐Ÿ‘Ž

International number & internet?


by @leobassam9mo 8 months ago | 1 comment

Has anyone figured out a way to get setup with a virtual number and internet connection anywhere you go?

๐Ÿ‘
0
๐Ÿ‘Ž
๐Ÿ‘
0
๐Ÿ‘Ž

Are there any tax issues I have to be aware of?


in Germany by @clara9mo 9 months ago | 0 comments

Hi everybody. I live and work in Germany and want to go to Canary Islands for 6 months to work from there. I'm going to keep my current job, just change the "home" in the home office part of things. Are there any tax issues I have to be aware of? I was reading about becoming a residence after 183 days, thus having to pay taxes there plus my employer having to register there. Does anybody know how it works exactly? Thanks a lot!

๐Ÿ‘
0
๐Ÿ‘Ž
๐Ÿ‘
0
๐Ÿ‘Ž

Chiang Mai accommodation


in Chiang Mai, Thailand by @bertieb9mo 9 months ago | 0 comments

Can anyone recommend a good accommodation website for Chiang Mai?

๐Ÿ‘
0
๐Ÿ‘Ž
๐Ÿ‘
1
๐Ÿ‘Ž

Is anyone travelling right now?


by @viktor10mo 9 months ago | 3 comments

Winter is coming and Iโ€™m feeling the ache of travelling after being stuck in the same place since the Pandemic started. Wondering if anyone is travelling right now? If so, where are you currently located and how is the situation where you are?

๐Ÿ‘
1
๐Ÿ‘Ž
๐Ÿ‘
9
๐Ÿ‘Ž

Anywhere to exchange talent/interests, find collaborators?


by @vladepap5yr 5 years ago | 1 comment

Hi there nomads,

Iโ€™m currently working on a project (or attempting to) but am struggling to find collaborators. I need someone with a specific talent/ability but donโ€™t know where to look.

Specifically, I would like to build an app or a device using programmed hardware (Eg: raspberry Pi)

I could use Elance or post on Facebook, but I have a very fast turnaround time and would rather contribute to this community. I 've posted via Twitter.

I was wondering if there is any kind of talent or collaboration board on here that I could post to?

๐Ÿ‘
9
๐Ÿ‘Ž
๐Ÿ‘
154
๐Ÿ‘Ž

What is the situation with exchange rate on ATM's in Argentina after lifting peso regulations?


in Argentina by @janjiss5yr 5 years ago | 5 comments

Hello folks,
I wanted to know what is the situation with exchange rate in Argentina after deregulation? Has taking out money from ATM became reasonable?
I am considering Cordoba as one of the next locations to work from, but I do not want to deal with the shady black exchange markets.
Thanks :slight_smile:

๐Ÿ‘
154
๐Ÿ‘Ž
๐Ÿ‘
47
๐Ÿ‘Ž

Are you tax compliant? OECD auto-exchange starts today


by @nomadtax6yr 5 years ago | 5 comments

Some of you may be aware that the OECD agreed a while ago on a reporting standard for all itโ€™s members and partners. This standard comes into effect today in some countries.

In effect, this means that from today it will become nearly impossible to avoid declaring offshore bank accounts. I bet most nomads have at least one account in a foreign country so this will affect most of us.

This also means that tax reporting has just got a bit more complicated for many now that those foreign accounts must be declared (often in another currency). If you arenโ€™t sure about whether you are tax compliant, nowโ€™s the time to talk to your tax adviser. I offer an international tax consulting service for those who might be interested.

Hereโ€™s more details about the new standard (see page 36-37 for the list of participating countries):

๐Ÿ‘
47
๐Ÿ‘Ž
โ€นโ€บ
×
USD โ”€ $
ยฐC
Nomad
โœจ To see all results
Join Nomad List
292ms
Messages
Open IM list
Send