What is a Regular Currency Transfer (RCT)?
RCTs are convenience products that due to their automation are designed to simplify the process of making regular currency transfers. We receive your funds on a standing order basis and send them out on pre-agreed dates to a pre-agreed beneficiary. It’s simple, stress free and much easier than making ad hoc payments.
Can I just buy/sell my currency each month rather than use a Regular Currency Transfer (RCT)?
Yes, you can make ad hoc payments through Halo Financial on a monthly basis but you will be trading at different exchange rates from one transaction to the next and therefore will either pay or receive a different amount of money each time.
How flexible are RCTs?
Very, you can customise them around your needs. Your FX consultant will help you create the best RCT plan for your situation.
Is there a minimum/maximum limit per transaction?
There is no maximum limit to how much you send and you can send as little as £250 per month, £400 bi-monthly and £500 quarterly. The cost is only £5 per month.
Do I need to pay a deposit to secure an RCT?
Not always as it depends on the type of RCT that you choose. Please note that the deposit is not a fee, it secures the contract and exchange rate for you and will be use to settle the final payment of your RCT contract. Your FX Consultant will inform you if your RCT will need a deposit.
Can I cancel the RCT contract?
Yes. All contracts can be cancelled however there are conditions and there may be a cost to do so. Please speak with your FX Consultant for further clarification.
Can I alter the amount I transfer from the amount originally agreed?
Yes but not with every RCT plan. Please speak to your FX Consultant for further information.
Can I pause the RCT plan at any stage?
Yes, but not with every RCT plan. Please speak to your FX Consultant for further information.
Any other questions?
If you have a Business enquiry please call us on +44 (0)20 7350 5470 or if you have an Individual personal enquiry please call +44 (0)20 7350 5474
You can also get in touch using our contact form.