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UK businesses which make regular overseas payments are losing out on hundreds of pounds per transaction thanks to inferior foreign exchange rates charged by Britain's biggest banks.
Those trying to make overseas payments have them blocked after Brexit George Nixon For Thisismoney.co.uk © Provided by This Is Money MailOnline logo Britons trying to pay overseas direct debits and send money to banks and companies in Europe are having their transactions blocked as Brexit continues to cause hurdles and headaches. Those trying to send money abroad now have to provide an additional layer of detail when making payments as the UK is now classed as a 'third country' under European payment rules. Meanwhile, This is Money also understands that existing rules desi...
Britons trying to pay overseas direct debits and send money to banks and companies in Europe are having their transactions blocked as Brexit continues to cause hurdles and headaches.
Britons trying to pay overseas direct debits and send money to banks and companies in Europe are having their transactions blocked as Brexit continues to cause hurdles and headaches. Those trying to send money abroad now have to provide an additional layer of detail when making payments as the UK is now classed as a 'third country' under European payment rules. Meanwhile, This is Money also understands that existing rules designed to stop European firms from blocking payments from UK banks may no longer apply now the UK is no longer part of the EU. Blocked: Brexit has led to some European me...