Questions tagged [europe]

For questions that relate to the laws, practices, and products of the European Union.

29
votes
9answers
10k views

Should I pay cash or prefer a 0% interest loan for home furnishings?

I live in France. I bought an apartment with a mortgage a month ago. I've been buying plenty of stuff for this apartment like furniture, decoration, oven, etc. And I still need to buy other stuff. I'...
11
votes
3answers
2k views

Couch Potato Portfolio for Europeans?

I recently came across the Couch Potato Portfolio concept and was happy to find an investment strategy that made sense to me. Its origin seems to be the Canadian version, and it has been translated ...
10
votes
3answers
3k views

Why are wire transfers and other financial services in Canada so much more expensive than in Europe?

Why are wire transfers in Canada so expensive compared to Europe? The simple answer I've seen is because bankers are crooks, but I find that this oversimplifies the situation — I don't believe ...
8
votes
4answers
79k views

What Canadian account number format do European banks need for wire transfer instructions?

I am trying to transfer funds from my account in Europe to my account in Canada. On the sending (European) bank's transfer instruction form there is a field I need to fill-in in the beneficiary's ...
7
votes
2answers
2k views

How do stocks like INL (traded in Frankfurt) work?

Intel is traded under INTC in NASDAQ. Intel is traded under INL in Frankfurt. What makes this possible? I assume these are the same company and somehow track each other but given the exchanges have ...
7
votes
2answers
476 views

How to be sure that a payment cannot be reverted?

Many scam schemes are based upon sending some money to the victim and make them forward it. Then the first transaction is reverted and the victim has to take the loss. The concept of the reversibility ...
5
votes
2answers
4k views

American living abroad and not working for an American company - tax reporting and bank accounts

I hope this question is appropriate for SE Money but based on this one I think it is U.S. citizen, working for U.S. company, living in Mexico: Where do I pay taxes? If you are an American citizen not ...
4
votes
2answers
2k views

Do IBANs have error correction built in?

I recently became the bursar of my sports club. My most frequent duty is to make payments. I get a bill, usually on a piece of paper, log in into our bank's online banking interface, and make a SEPA ...
4
votes
2answers
184 views

Higher mortgage to increase savings to invest?

Last week we went to the bank to talk about a mortgage. Here in Belgium, 40% of your mortgage is can be deducted from your taxes. You can deduct 1520 euro during the entire course of the mortgage. ...
3
votes
2answers
2k views

What's the least risky investment for people in Europe?

I have a few thousand euros in a bank deposit and I was wondering where I should invest them, considering that I won't want to take much risk? I am ready to accept the lower ROI than investing the ...
3
votes
2answers
40k views

Are there extra fees for a PayPal Premier account?

I've googled quite a bit, but I'm not sure I have the correct information since I am in Europe, and the info might have been for the US. I currently have a Personal account on PayPal and I have no ...
3
votes
2answers
186 views

How can one maximize the value of their money when their country is adopting the Euro?

Countries joining the EU at some point decide to adopt the Euro as their own currency. How does this process unfold for the common citizen? More importantly though, how can one maximize the value of ...
3
votes
1answer
642 views

28 years old and just inherited large amount of money and real estate - unsure what to do with it [closed]

So a little info for starters: as said in the topic, I'm 28 years old and come from a quite well-off family. I actually earn quite a lot of money myself, but I never get to use it - I spend at most 1/...
3
votes
3answers
721 views

Can I force companies to accept a SEPA bank account?

Let me start with a quote from the SEPA website: Only one bank account needed for the whole euro area: SEPA will make things much easier if you are working or studying abroad in another euro ...
3
votes
2answers
9k views

How do I withdraw all money from my HSA account as a non-resident?

I have lived in US for 5 years, and I (still) have an HSA account with BoA. Now I am living in Europe, and there's a fat chance I'll ever go back to live in US, so I would like to withdraw the money ...
3
votes
2answers
800 views

Are there tax-advantaged plans/accounts in Europe without age restriction?

All the European countries I'm familiar with have tax-advantaged pension schemes to guarantee income for retirees, but there's a severe age limitation (like with 401(k)), which is incompatible with my ...
3
votes
1answer
127 views

How to select ETFs on to invest on?

In the last couple of years I have been trying to educate myself in what concerns finance. I have put some money on some financial products (shares and ETFs) but I feel like I am playing the roulette ...
2
votes
4answers
280 views

Does a 2EUR monthly fee make credit cards useless?

Italy (where I live) has introduced a tax on credit cards --- you pay 2 EUR (about 2.25 USD) in each month in which you spend more than 77 EUR with it (about 88 USD). This applies to each credit card ...
2
votes
3answers
309 views

Avoiding timing traps with long term index investing

Question 1) What are the risks pertaining to timing on long term index investments? 2) How large are these risks? 3) In case I feel not prepared to take these risks, how can I avoid them? ...
2
votes
3answers
5k views

How is monthly wage tax calculated in The Netherlands?

AFAIK, in most European countries, the wage tax is calculated based on the total annual earning but is deducted by the employer from the gross salary and paid to the tax authorities in advance, on a ...
2
votes
3answers
541 views

How to donate to charity that will make a difference?

I want to donate to countries which have economic difficulties especially Greece. For a start 50 bucks or so. Because I have a large salary and not many expenses. How can I donate to charity in ...
2
votes
2answers
940 views

Can I deduct taxes for home office as a freelance computer software developer?

I am currently working as a freelancer in Belgium for a company developing computer software. In the contract it says that the work is done at client's office and each day I work from the office. I've ...
2
votes
2answers
3k views

How can I buy a MasterCard/Visa gift card in the US using European MasterCard/Visa?

I live in Belgium and my sister lives in the USA. I would like to send her a MasterCard gift card but I tried to pay with my Belgian MasterCard on giftcards.com and it failed because the form that ...
2
votes
3answers
336 views

How to make use of EUR/USD fluctuations in my specific case?

I live in the Euro zone, and my main bank account is here. However, I also have a USD bank account located in the USA. I don't usually pay attention to the currency exchange market, but looking at ...
2
votes
2answers
110 views

German Nationality, working for US company but living in Germany

I studied in the USA for 4 years and started working as a Software engineer in the USA. Now I was wondering if I could work full time remote from Germany for the same US company. After some research ...
2
votes
2answers
106 views

SEPA and my name

It's the first time that I want to use SEPA payment method, I want to transfer 500€ from my bank account at Austria to France, I want to know, Is my name will be displayed on beneficiary statement?
2
votes
4answers
960 views

Buying Fixed Deposit in India from Europe

Given the chance, does it pay off to open a FD in India (high interest rates, high inflation) with Euros (low interest rates, low inflation) from Europe? Or is it too risky on the long run (~ 1 year)...
2
votes
1answer
67 views

Possibility of donations in an educational site

I would like to create a site with a series of lectures in video form. The lectures will concern the presentation of philosophical books. Would it be possible for people to donate a small amount of ...
2
votes
0answers
100 views

What happens when I make purchases on Amazon as a company but I don't register the VAT invoice?

I have a company in Europe. If I use my Amazon business account to buy work related stuff, I don't pay the VAT. What would happen if I used my personal credit card rather than the company card to ...
2
votes
0answers
46 views

Taxation for remote workers, if the company and the residency are in different countries

If a contractor or employees works 75%-100% percent remote for a company in a country A and has his residency in a country B - what is the job-related taxation? I know that this is too general to ...
2
votes
0answers
96 views

Trusts, Inheritance Tax in UK

My background: I am a British citizen, currently living in mainland Europe i.e. Austria. Off-late, I married an Austrian Citizen. We purchased a property together in Austria. There is no Prenup ...
2
votes
1answer
256 views

Automatic Investment Plan - Non U.S resident

I am looking for any options to invest small amounts each month/quarter without commissions eating me up. As a U.S. resident and investing in a Mutual Fund, this is no problem. AIP programs Non U.S. ...
1
vote
3answers
324 views

Why are some wage taxes officially paid by the employer, even though they're really paid by the employee?

My current salary is taxed at two levels: first, the employer has to pay a certain number of taxes on my wages. The rest of the money is then considered to be my salary and I pay other taxes (social ...
1
vote
1answer
313 views

European vs. American mortgage underwriting with regards to the health of the borrower

Whenever I hear about a European mortgage application process, there are always health records involved. They want to know that the borrower is likely to outlive the mortgage (or most of it, I guess). ...
1
vote
1answer
264 views

How to return 4 - 6% on savings / investments with little / no management?

What would be the simplest (require the least management) way to get a return of 4 - 6% on savings over a 10 - 15 year period. I would like the lowest risk possible, I do not need the 'potential' ...
1
vote
1answer
43 views

How to handle company related purchases when abroad (in U.S.)

I own a single person company in Europe (Ltd) and I'd like to know what is the proper way to ask for an invoice I can use to prove a cost for my company? It happened in the past that I bought ...
1
vote
1answer
183 views

Is money in a European bank current account guaranteed by the state? Which state/fund guarantees?

I have a sum of money in a European bank, and I prefer to have it in a current account for two reasons. One, I don't know how much over the coming year I will need to spend without notice and two, the ...
1
vote
1answer
1k views

Best S&P 500 index tracker available in EU countries?

When I was living in the US I've started investing into the Vanguard 500 Index Fund. However, now I'm back in Europe and are looking for similar index funds that are tracking S&P 500. Does anyone ...
1
vote
1answer
168 views

Where is the liquidity on European derivatives exchanges

This has bugged me for a long time, and I feel like I am missing some information. When I browse Eurex, a derivatives exchange in Europe, I don't see the kinds of liquidity I would expect. For ...
1
vote
1answer
1k views

Is it possible to get a UK visa gift card while in the US?

Is it possible to get a UK visa gift card while in the US? For instance, is there a place to purchase a UK visa gift card while still residing in the states and get it sent to me before leaving?
1
vote
1answer
97 views

What to invest if my savings will be used in another currency later, compare to which my countries currency devaluates?

My situation as follow: I'm planning to go abroad to study a semester during my undergrad, and then do my PhD also in abroad. My future plans are also living in abroad. The currency in these ...
1
vote
1answer
154 views

Things to watch if buying properties in Europe at low prices under local government incentives

I have been seeing social media advertisements inviting investments in the way of buying houses in derelict or small and not-so-well-to-do towns. These advertise the price to buy as under $100 or 100 ...
1
vote
1answer
93 views

Is the issuer of an ETF a risk to consider?

When it comes the price of an ETF, I understand that it reflects the value of the underlying assets. What happens where a company that issues ETF comes into play on the decision of people whether to ...
1
vote
1answer
190 views

How to know which bank will keep my data safer? (Europe, single country)

I was looking at four banks in one country, which are based in France, Belgium and 2 in Austria, and I was looking for something that would make me choose one over the other... So I thought what's ...
1
vote
3answers
122 views

Deviation between European and American Stock exchanges

I live in Germany and I am trading stocks for around 6 months. My favorite stocks so far are mainly the big tech companies that we all know (Alphabet, Amazon) as well as the according indices (e.g. ...
1
vote
4answers
159 views

Taxation of income from working abroad within the EU

I'm a Finnish (FI) citizen working with a full-time contract in a company. I'm going to do a 3 months job abroad in Belgium (BE) in a different company. During this time my contract in FI is going to ...
1
vote
1answer
1k views

What information is needed for a wire transfer?

I am used to wiring funds through SEPA by using IBAN and BIC codes. I just learned that these can't be used to electronically transfer money from the US to the EU. My bank provided me with 4 codes: ...
1
vote
1answer
154 views

Where can I find a list of all reverse listings on European stock exchanges for a specific period? [closed]

From Wikipedia: A reverse takeover or reverse merger (reverse IPO) is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex ...
1
vote
0answers
64 views

IRS federal refund paper check [duplicate]

I worked in the US this summer and I received a paper check from tax returns on my address in the US. But I live in Europe now, and I don't have an American debit card. Can a friend of mine who has ...
1
vote
0answers
42 views

EU citizen temporary living in the USA, trading CFD

I am an European citizen, currently living (non-permanently) in the USA. I am US non-permanent resident, in other words. Am I allowed to trade CFDs, through an European portal?