Sending money overseas?

Save with a currency specialist

As the modern world gets smaller under the influence of globalisation, the variety of reasons to make international money transfer requirements has expanded. Common examples range from property purchases and emigration, to sending money to friends and family abroad or bringing funds back to the UK. Many people simply turn to their bank to conduct such transactions, rather than shopping around for the most cost-effective deal. Unfortunately, they are doing so unaware that banks do not always offer the best exchange rates to consumers – meaning that their transfer could prove less efficient and more expensive. Fortunately, there is an alternative that could save you money. Mail Finance Money Transfers, provided by currency exchange specialists moneycorp, offers great exchange rates, low transfer fees and free and free expert guidance.

Great exchange rates

The overall rate of exchange can make a significant difference on the final value of your transfer, particularly when you are looking at the larger sums required for a property purchase or overseas investment. On a transfer of £100,000 this could equate to thousands of pounds difference due to exchange rates. If you are starting a new life overseas, extra money in your emigration budget could be used to buy new furniture, carry out renovations on your new home, or buy a car.

Low transfer fees

High street banks can charge as much as £20-£40 every time you move money overseas. With the Mail Finance service, the transfer fees start from only £5 online, up to a maximum of £15 if you arrange the transfer over the phone. What’s more, all Mail readers are offered their first transfer free of charge.

Free expert guidance

Another important consideration when moving money internationally is the uncertainty caused by the foreign exchange market, which is sensitive to all manner of political and economic news and speculation. A recent example of a major fluctuation in the currency market would be the drop in the value of sterling following the outcome of the EU Referendum in June 2016. Other political events, from the recent elections in Europe to pronouncements from US President Trump and Theresa May’s call for a snap election in the UK have all impacted the currency market. In addition, less headline-grabbing factors such as interest rates, economic growth and current account deficits can all cause the rates to fluctuate. Given that the outcome of some of these events can be hard to predict, the foreign exchange market can also be hard to navigate without the support of a specialist. Using the Mail Finance Money Transfers service, our readers can speak with a dedicated member of the specialist team, who can provide guidance on the transfer process and help you negotiate the often fast paced currency markets. The expert team can also explain the specialist tools available to help protect you from exchange rate movements, such as a ‘forward contract’ (a forward contract may require a deposit). This allows you to fix a current exchange rate for a transfer that happens up to two years in the future – allowing you to budget ahead with confidence.

Security

moneycorp, who provide the Mail Finance Money Transfer service, has been trading currencies since 1979. Moneycorp is a trading name of TTT moneycorp Ltd. All customer funds are safeguarded in segregated client accounts.