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Thread: What to do with €1000,00 in cash ...

  1. #1

    Default What to do with €1000,00 in cash ...

    I just been given €1000 (one thousand Euro's) in cash. It's worth about R15k at the moment.
    It's not mine. My company gave it to me pay for hotels and taxi's and food on a trip to Europe in mid January.
    I don't want to have the cash lying around.

    Should I pay it into my credit card account (Mastercard)? Convert into a cash passport?

    What to do? Ideas welcome.

  2. #2
    Grandmaster agentrfr's Avatar
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    Dont put it in your bank account. SARS will go "ah he haz moniez!!" and they'll tax you for it as an income. Set up a bank account with a European bank so you can deposit it and spend it there.

    I have no experience dealing with banks in the EU for monetary deposits, but I do work quite a bit with Dukascopy in exchange trading. They offer current accounts for which you can then get a credit card for (obv. limited credit to the value of current account). Give them a look.

    http://www.dukascopy.com/swiss/engli...vings-account/
    I-Rah los Pruzah ahrk Mul
    IMA CHEMICAL ENGINEER WEO
    Agents are people too.
    Just because I'm technically bloody and imperialist doesn't prove anything!

  3. #3

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    I'd probably put it into a prepaid cash passport.

  4. #4
    Grandmaster agentrfr's Avatar
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    /facepalm

    Quote Originally Posted by TehStranger View Post
    I'd probably put it into a prepaid cash passport.
    Yeah, I'm stupid. You can prolly do that.
    I-Rah los Pruzah ahrk Mul
    IMA CHEMICAL ENGINEER WEO
    Agents are people too.
    Just because I'm technically bloody and imperialist doesn't prove anything!

  5. #5

    Default

    Just use the money as you need it... banks are over rated. Chuck it in your safe till you go to Europe, then take it along.
    Quote Originally Posted by MartyMarts View Post
    Shaun108, I applaud you. A man amongst keyboard warriors. STS' eyes and Zewp's starfish thank you (or vice-versa).

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