If you’re transferring money internationally on a regular basis why suffer uncompetitive exchange rates, high commission, expensive transfer charges and slow delivery times. Just because you’re transferring smaller amounts needn’t be a reason for you to lose money.
If you have bought your overseas property, made a fresh start in a new country or you are an expatriate already living and working overseas, you’re likely to need to make regular international currency transfers to overseas banks.
You can benefit if you regularly transfer:
Halo Financials’ Regular Currency Transfer service simplifies the process of regularly transferring foreign money overseas. Operating on a Direct Debit basis you’ll never forget to make your transfers again. We’ll transact your deals at commercial exchange rates rather than retail tourist rates of exchange. What’s more we’ll agree a fixed exchange rate with you against all your future regular currency transfers so you’ll know exactly how much your mortgage payments will cost, how much pension or salary money you’ll receive or what your rental income earns you.
We will:
Customer benefits:
Once you have a trading facility in place, you can fix an exchange rate against future payments for a period of between 6 and 24 months. Each payment being sent abroad must be the same every time and the minimum transfer amount must be £250 per transfer.
Having agreed with you a schedule for your regular currency transfers, Halo Financial will then Direct Debit your account 5 business days (standard settlement time for bank Direct Debit service) before agreed value dates to ensure your payment clears and your transfer can be sent out on time. We will send your payments as priority payments to your beneficiary account anywhere in the world at a reduced cost of £5 per transfer. We will retain your last payment as a security deposit and will use it to settle your final payment at the end of your contractual term.
The beneficiary foreign account to which your regular currency transfer has been sent will be credited within 5 business days dependent on the currency sent and country it has been transferred to.
Opening a trading facility to use the Regular Currency Transfer service couldn’t be easier. In fact, if you are an existing Halo Financial client you can use your existing trading facility. Please contact your FX Consultant to discuss how we can start saving you money on your Regular Currency Transfers.
If you are a new client you will simply need to complete an Application Form and provide two forms of identification to open a trading facility. Once you have registered a member of our team will contact you to answer any questions you may have and assess how our services can be best employed for you.
Click here to open a trading facility with us now, phone one of our team on +44 (0)20 7350 5474, send us an email or if you would like us to call you back when it is more convenient please use the Call me back facility.
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