Blodwyn Posted May 22, 2021 Share Posted May 22, 2021 I had a letter from Teacher's Pensions (I get a pension as my husband was a teacher) saying 'We have received the following message from your bank:We ask that you no longer convert the GBP for this beneficiary'I haven't had a chance to ask the bank yet but am puzzled. How can a French bank refuse payments in euros?Could it be another Brexit problem? Could it be that I asked to be taxed in France now? (But that was months ago.) Link to comment Share on other sites More sharing options...
anotherbanana Posted May 22, 2021 Share Posted May 22, 2021 Curious, this is rather odd. Are they trying to screw more money out of you on the exchange rate and charges? Never heard it before. None of their business anyway.Better go find out what they are up to, Blod! Link to comment Share on other sites More sharing options...
NormanH Posted May 22, 2021 Share Posted May 22, 2021 Which bank is it? It sounds as if they want to receive the payment in sterling so that they can convert it at their rate....For the moment I have not heard anything similar. Link to comment Share on other sites More sharing options...
anotherbanana Posted May 22, 2021 Share Posted May 22, 2021 Not sure that it is any of their bl**dy business! Link to comment Share on other sites More sharing options...
mint Posted May 22, 2021 Share Posted May 22, 2021 Just to say that I too was going Norman's question: which bank is it? Link to comment Share on other sites More sharing options...
Blodwyn Posted May 22, 2021 Author Share Posted May 22, 2021 Credit Agricole -the only bank in the village# Link to comment Share on other sites More sharing options...
mint Posted May 22, 2021 Share Posted May 22, 2021 Sorry, Blodwyn, I can't throw further light on your question because I don't know anyone with CA. Link to comment Share on other sites More sharing options...
CeeJay Posted May 23, 2021 Share Posted May 23, 2021 BlodwynIn same position as you, as late wife was a teacher ,also bank with CA but have had no problems so far. Link to comment Share on other sites More sharing options...
elamessa Posted May 23, 2021 Share Posted May 23, 2021 I use CA and I receive my Civil Service pension in Euros into the CA account.I don't know who adminsters teachers pensions in the UK but it might be worth contacting them and telling them that you still want your pension payments only in Euros. You could also ask at your branch why CA have asked for this or consider changing banks.. Link to comment Share on other sites More sharing options...
NormanH Posted May 23, 2021 Share Posted May 23, 2021 Don't forget that CA is a collection of regional banks each with slightly different ways of doing things.I had minor problems when I worked in Midi Pyrénées but lived in Languedoc, but I don't know if that has improved since Occitanie Link to comment Share on other sites More sharing options...
BritinBretagne Posted May 23, 2021 Share Posted May 23, 2021 Just an aside to the OP. If the pension comes from Teachers Pensions it is a Government pension and as such cannot be taxed in France. It has to be taxed in the U.K. Link to comment Share on other sites More sharing options...
NormanH Posted May 23, 2021 Share Posted May 23, 2021 BiB is correct. It will have been taxed at source in the UK, but must be declared in France although it won't be taxed here. It is used to decide which tax band any other taxable income goes into.That doesn't change the fact that the TPA's bank sends it already converted into Euros Link to comment Share on other sites More sharing options...
nomoss Posted May 23, 2021 Share Posted May 23, 2021 My guess is that Teachers' Pensions or your bank has mistranslated something. Link to comment Share on other sites More sharing options...
Blodwyn Posted May 24, 2021 Author Share Posted May 24, 2021 I wonder why that would happen now? I've been receiving the pension into my CA account for at least two years.I suspect that if it has to be paid in sterling CA will charge a fee - and maybe the exchange rate will be less favourable.I will have to go and talk to someone, maybe make an appointment as the manager is often at another branch. The pension is due on 27th so I don't know if Teachers' Pensions will be sending it this month! Link to comment Share on other sites More sharing options...
Gardengirl Posted May 24, 2021 Share Posted May 24, 2021 I suggest that you ring the TPA and see what they have to say, so that you have a clear idea from their side before you check with your bank. It seems very odd that your bank would tell you about such a major change in circumstances without the TPA writing to you in advance to inform you. Good luck. Link to comment Share on other sites More sharing options...
NormanH Posted May 24, 2021 Share Posted May 24, 2021 Just a suggestion by why not open a second account with an "Internet" bank with which you can do all your transactions on line?I use Boursorama and am very happy with them.You have a card with which you can withdraw cash at any dispenser, you can pay in cheques and transfer funds as with any other bank.You never have to go in and see anyone as they have no branchesThe only thing you can't do is pay IN cash.If you had an account like that already open you could tell CA that if you hear any more of this nonsense you will transfer your pension payments to the new bank...https://www.boursorama-banque.com/I could of course sponsor you and we would both get a small sum [:)] BUT I have to recommend you not to accept such offers from strangers on the Internet ...[:P] Link to comment Share on other sites More sharing options...
Lehaut Posted May 24, 2021 Share Posted May 24, 2021 To second NormanH, I have a Revolut card. Tx Sterling to it from my UK Bank and convert to Euros as current bank rate (no charges upto £1000 a month). All instant and so far working very well. Use the card in France without any problem.They too offer a "parrainage" scheme, so if you don't like the look of NormanH's offer, I would be happy to take you on!! ;) Link to comment Share on other sites More sharing options...
Blodwyn Posted May 24, 2021 Author Share Posted May 24, 2021 I didn't say the bank told me! I said TP wrote saying my bank had written to them saying 'We ask that you no longer convert the GBP for this beneficiary'. Checking again, TP also said 'Please note that all our overseas payment are made in local currency, not Sterling. So TP will only send in euros but CA has told them not to! Link to comment Share on other sites More sharing options...
NormanH Posted May 26, 2021 Share Posted May 26, 2021 So find another bank that accepts the transfer in Euros. Link to comment Share on other sites More sharing options...
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