Regular international payments…flexible, automated, reliable.
Whether you’re at home or abroad, Halo Financial has developed a simple, flexible and cost-effective payment solution for making regular currency trades. It’s fast, easy, and convenient.
Regular currency trades are different from Spot currency trades and Forward currency trades: you simply set up your regular international payments in advance with your Currency Consultant, choosing the type of Regular Currency Trade plan that best suits your needs. The regular payments are then automated to save you time and money
Halo’s Regular Currency Trade service will help you:
✔ Transfer your salary if you work abroad
✔ Receive your UK pension if you live overseas
✔ Receive rental income from an overseas property
✔ Make monthly repayments for an overseas mortgage
✔ Pay overseas school, university or other tuition fees
✔ Pay property maintenance bills for a property abroad
✔ Transfer living or regular travel expenses
✔ Send regular payments to relatives overseas
Popular regular international payments
Why choose Halo Financial for regular payments?
Benefits of setting up a RCT plan
Halo Financial’s payment plans are flexible; you can customise them around your needs. You can choose when you want to start the payment, select the duration of the plan and the frequency of your payments, as well as choosing from one of three payment dates in the month to ensure your money is received when it’s needed. So, you no longer need to remember when to make your next payment obligation – no forgotten payments, and no late payment fees.
2. Peace of mind
Eliminate the uncertainty of volatile currency markets by setting the exchange rate and payment amount in advance. Manage your budget more effectively by always knowing what you need to pay. Because you can choose to fix an exchange rate against all your future payments, you’ll find it easier to budget. Agree a Regular Currency Trade plan and you’ll know how much money your mortgage repayment will cost, how much of your salary or pension money you’ll receive, how much rental income you will earn from your overseas property, and so on.
With a Regular Currency Trade plan, you won’t need to contact us each time to agree an exchange rate, as we’ll convert your funds at the pre-agreed fixed exchange rate or at the exchange rate on the pre-agreed payment date. Once you’ve set-up your Standing Order (or Direct Debit) for the payments, there’s nothing more for you to do.
Halo Financial only charges £5 to electronically send your funds to your beneficiary account. There is no maximum limit to how much you can send and you can send as little as £250 per month, £400 bi-monthly and £500 quarterly.
How do regular currency trades work?
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, depending on the exchange rate achieved at the time of your currency trade.