Don’t get caught out when making regular foreign currency transfers

Even once you have bought your property you need to make sure that you don’t forget about foreign exchange. It’s highly likely that you’ll need to make regular foreign currency transfers from the UK whether for mortgage payments, maintenance expenditure or transferring pensions or salaries, and you may not realise that using your bank to arrange these transfers isn’t always the best option. Low exchange rates, high fees and commission charges all eat away at your money and mean that each time you use your bank you lose out. However, by using Currencies Direct’s Overseas Regular Transfer Plan you can get more of your money time after time.

Exchange Rates

Your bank is likely to only offer you a tourist rate of exchange due to the small amounts being transferred. However, Currencies Direct is able to offer you a commercial rate of exchange regardless of the amount that you wish to transfer.

Transfer Charges

Most banks will typically charge between £10 and £40 for every monthly transfer. Currencies Direct is able to offer free transfers, which will save you a considerable amount of money over time.

Commission Charges

When made through a bank transfers are usually liable for a commission charge of around 2%. By using Currencies Direct you can avoid commission charges altogether.

How does it work?

It is very easy to use Currencies Direct. The first thing you need to do is open an account with them. Once this is done all you need to do is set up a direct debit with your bank and confirm with Currencies Direct how much money you would like to send and how often (monthly or quarterly). They will then take the money from your account on a specified day and once they have received the cleared funds transfer it to France at the best possible rate available.

Information provided by Currencies Direct.
www.currenciesdirect.com
Tel: 0845 389 1729
Email: [email protected]