If you need to send money to another country then consider an alternative option to using your high street bank.
Did you know that 85% of people use their high street bank to send and receive international payments?
Using your bank is a quick and easy way to send money and receive payments but at what cost?
- You will get around 3 to 5% less money.
2 You will be charged a transaction fee.
- It can take up to 5 working days to process the payment depending on which bank you use and what payment method you used.
- Banks are no longer considered the safest option.
- No expert advice and limited currency options.
So what are your options?
Well using a comparison website that specializes in currency exchange companies is an alterative and its free.
No matter if you are starting a business, purchasing property overseas or making regular payments you can secure a better rate of exchange.
The FCA regulates all currency exchange companies so your money will to be placed in a separate client account to ensure security of funds.
Plus as these companies make hundreds of payments per day equating to millions daily, they can offer you a better exchange rate.
Benefits of using money transfer company?
- Better margin rates meaning you get more for your money exchanged.
- If you send over £5000 then no transfer fees.
- Not sure who to use then we can help and guarantee to beat your bank if over £5000.
Best advice when exchanging money?
You can never be sure you are getting the best deal until you find out first hand. Which is why we always suggest you do the following to ensure peace of mind in four simple steps.
When you are ready to commence making an international payment. First of all ring your bank to see what rate they will offer you. If like me you have Internet banking then go online and you can find out instantly.
Once armed with this information visit Comparemoneytransfer.co.uk or Money Transfer Comparison website. From there you can search by country or see a list of money transfer companies. If you are already using a currency company and not sure if they are widening the exchange rate due to you using them on a regular basis, we can provide a free audit test based on you completing a form and providing us the details of the last transactions made and we will do the rest.
Open an account where you simply click the link and open a free currency trading account with no obligation to send or receive currency. You will need to confirm your ID and proof of address for all personal accounts. For businesses you need to supply additional information about your company. This will be checked and opened in less than an hour or two.
Once your account is open you can then either speak to a currency specialist who can guide you through the process and offer currency options if you need to make an international payment at a later date. Plus when you speak to them or use their online currency platform you will see that you are getting a better rate of exchange.
If you are making payments on a regular basis or larger amounts you can inform them that you used our website and that we had guaranteed to beat your bank or existing currency exchange provider. They will then offer you the most competitive rate available. Alternatively you can contact us direct and we can help you secure the best possible rate and guaranteed that they will not increase the margin rate over time.