
Best way to get direct deposit with international Amazon Associates?
- Want direct deposit with Amazon Associates. Means getting international bank account. (NOTE: Seychelles, Isle of Man, and other easier-to-get offshore accounts, Amazon will not allow to direct deposit into. See the list at the end to see the allowed countries.)
- UK bank seems like the easiest because they speak english, eliminating the language barrier.
- HSBC is an option but the reviews of their bank are horrendous. Also there are many fees - $50 a month for Premiere account, along with currency conversion fees. Note that 50/mo is $600 per year, not including wire transfer fees. Alternatively if you get the Choice checking account, you also have to pay wire transfer fees and many other fees, adding up to potentially much more than the $50 per month. It is $15 for every transfer in, and $15 or more for every transfer out. Also there are ATM fees and more. Worse, if you have under 3 million yearly revenue, then you are not allowed to get a Business bank account. I much prefer to get a business account because then I don't have to disclose so much personal information to the bank by opening a personal account.
- A bank in the UK (not HSBC) suggested I should open a branch of my small business in the UK. I could hire a registered agent to help open a bank account in the UK without having a UK address or USA-based bank account (with a bank that does not have USA branches). This could also be expensive, but I could get a business registered for under $100 USD and for under $200 USD/year I could get a registered agent in the UK. Note that $300 the first year and $200/year thereafter is much less than the $600+ for having an international account with HSBC. Plus, then I would also have a UK business and business address - so more to show for my $200/year.
- I need to know the best way to get checks or currency converted into USD. Bank of America takes out a significant percentage (around 6%) just for converting the checks to USD. I want to know how to do this for free or near free so I don't lose so much of my income to merely currency conversion.
- If there is another way to get my money from the UK without having to give away part of my earnings to the banks, please do tell me. For my US earning I just get direct deposited and immediately get all my money. The UK money is a different story. I need to know the best, fastest, and cheapest way to get my money.
Countries which Amazon will direct deposit into (for non-USA amazon accounts): Belgium Bulgaria Cyprus Czech Republic Denmark Estonia Finland France French Guiana French Polynesia Germany Greece Guadeloupe Hungary India Ireland, Republic of Italy Latvia Lithuania Luxembourg Malta Martinique Mayotte Netherlands New Caledonia Poland Portugal Reunion Romania Saint Pierre and Miquelon Slovakia Slovenia Spain Sweden Switzerland United Kingdom Wallis and Futuna |
-
Mrs S -
Thanks - 2 replies
{{ DiscussionBoard.errors[8537489].message }}-
zxcvbnm -
Thanks
{{ DiscussionBoard.errors[8537524].message }} -
-
cooler1 -
Thanks - 1 reply
Signature{{ DiscussionBoard.errors[8538068].message }}-
zxcvbnm -
Thanks
{{ DiscussionBoard.errors[8539134].message }} -
-
-
-
Mrs S -
Thanks
{{ DiscussionBoard.errors[8537724].message }} -
-
Kurt@viewswin -
Thanks - 1 reply
{{ DiscussionBoard.errors[8539170].message }}-
cooler1 -
Thanks
Signature{{ DiscussionBoard.errors[8539509].message }} -
-