[Noisebridge-discuss] USD for EUR without changer's fee.
Jason Dusek
jason.dusek at gmail.com
Wed May 19 17:00:15 UTC 2010
On the advice of someone not on the list who reads
the archives, I set up an account with XE to do the exchange.
Their account procedure is somewhat involved. They want high
quality photos of your identifying documents -- in my case, a
passport and bank statement -- and at least one such document
must state your physical address. Then you have a short call
(mine was yesterday morning and lasted 6 minutes) in which
they ask you to confirm your identity and describe how you'll
be using the account.
I am not sure what happened between noon and about nine
yesterday. At about nine there was a blinding light and I
found myself lying in my bed at home. My phone buzzed shortly
thereafter; a new mail arrived, saying my account had been
approved. I added my and the University of Utrecht's bank
account information this morning and performed my first ever
wire.
XE has a good exchange, a few percent better than PayPal or
banks. They also have a wealth of transfer options -- I could
have sent my money to the Netherlands with and electronic
funds transfer instead of a wire, for example.
Examining the exchange rate data, I can see why no European
members of NB have stepped forward to trade Euros with me. The
Euro has taken a heavy fall and probably doesn't have too much
further to go.
--
Jason Dusek
Linux User #510144 | http://counter.li.org/
More information about the Noisebridge-discuss
mailing list