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Old 24.07.2008, 12:15
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Paying bills in the uk while working in Switzerland

Hi,
wonder if anyone has any good ideas how to pay outstanding credit card bills in the uk while working in Switzerland. I will have the bills redirected to a friend of mine, so she'll have to tell me when they are due, but not sure how to best pay them.

thanks
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Old 24.07.2008, 12:18
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Re: Paying bills in the uk while working in Switzerland

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Hi,
wonder if anyone has any good ideas how to pay outstanding credit card bills in the uk while working in Switzerland. I will have the bills redirected to a friend of mine, so she'll have to tell me when they are due, but not sure how to best pay them.

thanks
More info required - do you have a UK bank account, with money in it? How do you usually pay? Online banking? Why not have the bills sent to you here?
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  #3  
Old 24.07.2008, 12:19
HeatherM
 
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Re: Paying bills in the uk while working in Switzerland

What are all these outstanding credit card bills from? Did you go on holiday by mistake?



HM

PS-Sorry I can't help with your question, but hopefully someone else can.
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Old 24.07.2008, 12:19
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Re: Paying bills in the uk while working in Switzerland

Call the credit card company and ask for the banks IBAN Nr etc. I payed this way with the RBS but even though I sent the money in £ they still charged me an amount for paying this way. I now Pay direct to my English account and the pay from that.


EDIT: should have mentioned once you have the IBAN Nr you can pay via internet Banking, You can with the ZKB anyway.


DC
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Old 24.07.2008, 12:23
Alan Hill
 
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Re: Paying bills in the uk while working in Switzerland

Hi

The way I have handled it is to set up an automatic direct debit. This can either be for a fixed amount or the total balance. Of course, this assumes you have a UK bank account.

Also, I have found that credit card companies (and UK banks and Building Societies) are happy to send statements abroad.

I hope this helps.

Regards
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Old 24.07.2008, 12:27
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Re: Paying bills in the uk while working in Switzerland

Normally pay on line, so that's bit easy, but what's the best way of getting money from the swiss account to the English without incurring horrific bank charges for transfers monthly.
Do you recon that the Credit Card company will be willing to send me the bills over to Switzerland
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Old 24.07.2008, 12:39
Alan Hill
 
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Re: Paying bills in the uk while working in Switzerland

I am not aware of a cheap way to transfer money from your Swiss bank account to the UK bank account. It is just a fact of life. However you should get a better exchange rate than the tourist rate.

I assume that you do not plan to use your UK credit card for expenditure in Switzerland...if you do you will get stung twice on the exchange rate (Once when buying the goods: CHF to GBP and once when paying the bill: GBP to CHF).

It is obviously better to have a Swiss CHF credit card for Swiss CHF bills and keep the UK GBP credit card for GBP expenditure.

I hope that this helps

Regards
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Old 24.07.2008, 12:40
Alan Hill
 
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Re: Paying bills in the uk while working in Switzerland

Sorry, to answer your second question - yes credit card companies should be fine about sending the bills to a Swiss address (they do for me)
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Old 24.07.2008, 12:49
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Re: Paying bills in the uk while working in Switzerland

I have found the best way of transferring sterling is by opening a sterling account (with Credit Suisse in my case) and then writing myself a cheque from my UK bank and depositing it here. I think the charge is CH9 though I can't remember. Maybe you can do it the other way round, might be worth asking your friendly bank person.

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Old 24.07.2008, 14:03
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Re: Paying bills in the uk while working in Switzerland

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Hi,
wonder if anyone has any good ideas how to pay outstanding credit card bills in the uk while working in Switzerland. I will have the bills redirected to a friend of mine, so she'll have to tell me when they are due, but not sure how to best pay them.

thanks
Try PostFinance. Their internet banking is available in English and to make a payment to a UK IBAN account costs only CHF 2.-. There are no charges for running the account providing you have a minimum balance of CHF 7,500.-. Even without the e-banking you can make a foreign payment for CHF 5.-
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Old 24.07.2008, 14:16
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Re: Paying bills in the uk while working in Switzerland

Sorry to jump in with very little helpful information but I'm going to be in much the same dilemma. Basically because of missing the 'fiscal responsibility' gene nothing else.

Anyway, I've been reading 'Living & Working in Switzerland' by David Hampshire and, with regard to UK loan/card/mortgage repayments and Swiss Tax, he writes that you may be entitled to "a reduction of your tax liability if you have interest expenses such as credit cards, car loans, mortgages or child support payments, whether in Switzerland or another country" (2007 edition, p. 289). That probably only counts if you owe several millions and pay very high tax on a high Swiss income but seems like it's worth looking into.

Good to hear you can get CC bills sent abroad. I'd been afraid to phone RBS to ask, in case they said 'no, you've got to give us the card back'!
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Old 24.07.2008, 14:39
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Re: Paying bills in the uk while working in Switzerland

Yeah i've heard about having your overral tax burden reduced because of your credit card bills...

thanks guys all of your comments are very helpful.
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Old 24.07.2008, 15:03
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Re: Paying bills in the uk while working in Switzerland

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Sorry to jump in with very little helpful information but I'm going to be in much the same dilemma. Basically because of missing the 'fiscal responsibility' gene nothing else.

Anyway, I've been reading 'Living & Working in Switzerland' by David Hampshire and, with regard to UK loan/card/mortgage repayments and Swiss Tax, he writes that you may be entitled to "a reduction of your tax liability if you have interest expenses such as credit cards, car loans, mortgages or child support payments, whether in Switzerland or another country" (2007 edition, p. 289). That probably only counts if you owe several millions and pay very high tax on a high Swiss income but seems like it's worth looking into.

Good to hear you can get CC bills sent abroad. I'd been afraid to phone RBS to ask, in case they said 'no, you've got to give us the card back'!
Loan interests are deductible if you complete a full tax return, but not if you pay tax at source (Quellensteuer). However, whether it is worth reducing your taxable income by CHF 200 - 300 is another matter. Printed evidence is required (ie cc statements) ...
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Old 24.07.2008, 15:24
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Re: Paying bills in the uk while working in Switzerland

If you bank with UBS you can send money back to the UK no problem, send it using E banking "extra" for payments overseas, it's cheaper than the normal overseas payments. It takes a couple of days or so extra to hit your account in the UK.

Cheers

Jon
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Old 24.07.2008, 16:23
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Re: Paying bills in the uk while working in Switzerland

If you bank with UBS, you can open a sterling account and change your money to GBP when the rate is good. You can also send the money directly from the UBS GBP account to your UK bank without incurring any charges on interest rate except for the usual bank transfer charges.

If you dont want to change your credit card address details, you can have your mails redirected to Switzerland, it is the same cost as having your mail redirected within the UK as well.
http://www.postoffice.co.uk/portal/p...diaId=19100254

Better still you can use http://www.xe.com to have your money transfered or pay your bill - that option is a little bit long winded.
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Old 24.07.2008, 23:03
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Re: Paying bills in the uk while working in Switzerland

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If you dont want to change your credit card address details, you can have your mails redirected to Switzerland, it is the same cost as having your mail redirected within the UK as well.
http://www.postoffice.co.uk/portal/po/content1?catId=19100252&mediaId=19100254
Thanks for that information. I didn't know that about redirecting mail to Switzerland.

This thread inspired me to call into my bank today & they're happy to send statements (I only get one a year, cos I use online banking) to an overseas address. Their attitude was 'when you give us a change of address, we just go ahead and use it'. I guess credit card companies should be of a similar mind.
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