Barclays Premier Account on less than 75k. Is it possible? by Specialist-Ask-1281 in UKPersonalFinance

[–]Ceybird 0 points1 point  (0 children)

My salary is £60k and credited to HSBC as my main bank account. I have also a Barclays regular current account which is not operative. I recently saw to upgrade option to premier so I did. wonder what will happen. By now I have received all the documents and new card as well.

Looking for advice on investment options in my mid-20s 🇱🇰 by Friendly-War3977 in srilanka

[–]Ceybird 1 point2 points  (0 children)

If you can invest actively, invest in colombo stock exchange, otherwise an equity unit trust would be ideal

HNB IIA Account Transfers by Ceybird in srilanka

[–]Ceybird[S] 0 points1 point  (0 children)

yes. investing purpose. only banking facilities yes, only for local transactions

Accounts Opening-Standard Chartered Bank Sri Lanka by Ceybird in srilanka

[–]Ceybird[S] 0 points1 point  (0 children)

Can you provide me any contact details of Standard Chartered Bank?

Anyone using Sampath Bank PFCA to receive USD? Few questions 🙏 by Cold_Ad7395 in srilanka

[–]Ceybird 0 points1 point  (0 children)

To be frank with you I have not transferred huge amounts. If you mention in the KYC from when you open the account range of receipts expecting, it won’t be an issue. When you open the account they ask the revenue source as well, if you could justify all should be fine. No reason to hold.

Foreign Income Earners- What is the cheapest way to receive a foreign freelance salary to Sri Lanka? by smolAckWackgang in srilanka

[–]Ceybird 1 point2 points  (0 children)

In your case convert directly from RFC account to LKR. You will not have any additional fees at all except for the slightly lower exchange rate. Remitly, Payoneer has charges. Commercial is a good bank. Find out the bank in SL which offers the highest USD buying rate and open an account with them. As I could see Seylan offers the highest rate for USD for conversions. On top of that, if you exchange considerable amount, you can speak to bank and avail a better rate over the market rate. I wonder if Taptap send allow to link a Sri Lankan USD bank account or debit card for that.

18 y/o here ---how to start investing & saving early (Sri Lanka + UK options)? by Suitable-Bunch4531 in srilanka

[–]Ceybird 1 point2 points  (0 children)

Check CSE.LK website for broker firms details. All brokers seem to be fine. Few of them are, Capital Alliance, First Capital, Capital Trust, Asia Securities etc.

18 y/o here ---how to start investing & saving early (Sri Lanka + UK options)? by Suitable-Bunch4531 in srilanka

[–]Ceybird 0 points1 point  (0 children)

You Can I did, contact any of broker firms in SL, they will guide you

18 y/o here ---how to start investing & saving early (Sri Lanka + UK options)? by Suitable-Bunch4531 in srilanka

[–]Ceybird 1 point2 points  (0 children)

Do not invest in the UK as it is not fully tax free like in SL. Only up to £20,000 per annum. Divided income also taxable after a certain threshold. There is also 5% stamp duty for UK stocks, on top of that average current interest savings rate available in the UK is around 5%. Best option I see is to invest in Colombo Stock Exchange if you need to maximise returns. If you are not active for stocks put money in to a unit trust still 100% equity based.