Protect yourself with our regular payments solution...
Whether you're home or abroad, we have developed a simple, flexible and cost-effective payment solution for those making Regular Currency Transfers (RCTs).
The following payment examples are eligible for an RCT:
- Sending money overseas for maintenance/mortgage of a property
- Sending money to relatives overseas
- Living or working abroad and receiving a UK pension or salary.
Saving you money
If you're still using a bank for your RCTs then you're likely being charged a hefty transfer fee (£40+) and commission for each transaction. Not to mention, the banks don't offer competitive exchange rates, so you're losing money on this as well.
Low minimum amounts
There is no maximum limit to how much you send and you can send as little as £250 per month, £400 bi-monthly or £500 quarterly.
Flexible, automated and reliable
Our RCT service is automated, so you won’t need to remember to make your next payment obligation. This means you won't miss any of your payments or be hit with any late payment fees.
Agreeing to an RCT, you will be able to:
- Eliminate uncertainty that comes with the volatile currency market
- Manage your budget more effectively
- Customise the plan around your needs
- Choose when you want to start the plan and options on the duration and frequency
Details on our Regular Currency Transfer Plan
We offer three options for making a regular currency transfer. You can choose:
1. Fix the foreign currency amount
By fixing the amount of foreign currency you buy, you’ll know exactly how much foreign currency will be sent to your account or other intended recipient. The amount of Pounds Sterling needed to pay for the contract will vary dependent on the exchange rate achieved at the time of the transfer.
2. Fix the pounds sterling amount
By fixing the amount of Pounds Sterling you use to buy foreign currency, you’ll know exactly how much your currency transfer is going to cost you from one transaction to the next. The amount of foreign currency that will be sent to your account or other intended recipient will vary dependent on the exchange rate achieved at the time of the transfer.
3. Fix both
By fixing both the amount of foreign currency you buy and how many Pounds Sterling you sell, you will know exactly how much foreign currency will be sent to the beneficiary account and, more importantly, exactly how much it’s going to cost. The exchange rate can be fixed for a period of between 6 and 24 months to give you complete control on how much you send and spend.