Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi all! We have been experiencing an issue on site where threads have been missing the latest postings. The platform host Vanilla are working on this issue. A workaround that has been used by some is to navigate back from 1 to 10+ pages to re-sync the thread and this will then show the latest posts. Thanks, Mike.
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Getting paid in NOK

  • 07-04-2020 11:48am
    #1
    BnB
    Registered Users Posts: 1,087 ✭✭✭


    I am due to be paid a fairly significant amount of money in Norwegian Kroner in the next few weeks. NOK has taken a serious hit in the last few months, although it is going back in the right direction (for me) now.

    If I was to get paid today, I would get a fairly significantly lesser amount of Euros in my Bank Account than if I did in January.

    Because the currency seems to going back in the right direction now, ideally I would like to possibly keep the money in NOK for a few months.

    Just a few points:
    • I cannot ask the company that is paying me to hold off as it is part of a much larger deal that I have little or no say over.
    • The only control I have over how I will be paid is the bank account I give them to pay it into (which I will have to give them in the next few days).
    • This is a one off payment. (i.e. Won't be a regular thing)
    • I don't have (or never had) any residence or anything like that in Norway. I am fully resident here in Ireland and pay all my taxes etc here

    How would I go about doing this ? I know you can open foreign currency accounts. My main banking is with BOI. If I open one with them am I tied to eventually doing the transfer from NOK to Euro with them.

    Any pointers/comments/guidance would be welcome

    508627.jpg

    https://www.xe.com/currencycharts/?from=EUR&to=NOK&view=1Y


Comments

  • #2
    bob11
    Registered Users, Registered Users 2 Posts: 470 ✭✭bob11


    Have you thought about using revolut ?
    You can hold multiple different currency accounts in your account.
    It is also possible to have local account numbers for certain currencies.

    https://community.revolut.com/t/local-nok-account-numbers/70263


  • #3
    Breakerz
    Closed Accounts Posts: 50 ✭✭Breakerz


    Open a Revolut account as suggested and get paid NOK straight into your Revolut. Wait until the exchange rate improves and then transfer it in. It also allows you more control as you can transfer it out bit by bit if needs be.


Advertisement