The Benefits Of Using A Currency Transfer Specialist

07.03.16

Pippa Gomis-Maile of Currencies Direct reveals the benefits of using a currency transfer specialist

From London to LA, or Padstow to Paris, your money needs to move around as much as you do. If you own a property abroad or are thinking of investing, you probably need to make regular or large one-off money transfers and this, needs to be completed quickly, safely and in a cost effective manner. However, it’s staggering to think that more than 80% of people use their banks to make these international transfers. What they don’t know is that there is a better way.

At Currencies Direct, we work with many different people and businesses to significantly reduce the cost and hassle of making their international payments no matter what the currency.

It’s easy to get swept away by the romance of buying a property overseas, however, at some point practical considerations need to be addressed. Like how you’re going to pay the initial deposit on the property or fund renovations. The world of foreign currency can be a confusing one, and if you're making overseas transfers for the first time it’s easy to get a bad deal or lose a lot of money without realising it until it’s too late.

You may not know that, if you use your local or high street bank, you could lose thousands in transfer fees and unfavourable exchange rates. Whatever your reasons for moving your money, you’ll be better off with an experienced currency transfer specialist.

At Currencies Direct, we've been helping people to transfer funds abroad quickly, simply and cost effectively since 1996. We get customers a better exchange rate, and never surprise them with hidden fees and charges. In fact, you could save up to 5% by using us for your international money transfers instead of a high street bank.

Living the simple life
Look for a company that’s established, with a good credit score and authorised by the FCA for the provision of payment services. Our friendly and knowledgeable staff are available whenever you need them, and know all about the specific currency transfers issues facing property investors.  You can rest easy, while you let the experts sort out the foreign currency needed to make it happen.

Savings speak louder
If you used your bank to realise 250,000 euros, it would cost you £204.938 (that’s at your bank’s exchange rate of €1.22,* plus £30 in transfer fees). However, the same transfer with Currencies Direct would be only £200.000 (by removing all transfer and receiving fees and using a much friendlier rate of €1.25*). By knowing your options and choosing a foreign exchange specialist instead of your bank, you could save £4,938. That might be enough for a well-earned holiday! Now, that’s something worth considering.

*Rates correct on 25/02/16

For more information contact:

T: +33 (0) 422 326 240
M +33 (0) 681 799 424
E france@currenciesdirect.com
W currenciesdirect.com

 

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