Sending regular money transfers overseas? Don’t let the banks cash in!
Exclusive Healthcare has teamed up with currency specialists HiFX to give you access to preferential exchange rates and save you £100’s a year on bank charges.
If you’re regularly sending money overseas, you’ll know that the international banking charges and transfer fees charged by your bank can soon add up to a tidy sum over time. In addition fluctuating currency rates can seriously affect the monthly amounts that finally arrive in your bank account back home.
HiFX has developed a regular payments abroad service to remove the stress organising regular currency transfers can create.
They can help you fix the exchange rate for up to 24 months into the future and organise your international money transfers. The process is fully automated and guarantees you’ll never miss a payment. All you need to is arrange a monthly direct debit to HiFX and they’ll take care of everything else.
The service is currently used to make over 20,000 payments every year and by using their regular payments service, HiFX could save you up to £300 a year on transfer fees alone. The savings you’ll make don’t end there. Not only will you be able to take advantage of the highly competitive exchange rates negotiated by Flight Centre, with NO commission charges, NO transfer fees, and NO receiving fees at any foreign banks GUARANTEED, HiFX will make sure you’ll receive more of your money.
Example*:
Let’s assume that your overseas mortgage is €1,200 every month.
| |
High Street Bank |
Currency Specialist |
| Exchange rate |
€1,200 @ 1.436 = £836.00 |
€1,200 @ 1.473 = £815.00 |
| Commission charge |
2% = £17.00 |
FREE |
| Transfer fee |
£25.00
|
FREE |
| Receiving fee |
50% = £4
|
FREE |
| Total you pay |
£882 |
£815 |
In this example, by using a currency specialist such as HIFX for your regular currency transfers you would save £67.00 each month or £804 every year. Over the typical life of a mortgage (15 years) using HIFX would save you £12,060.
*Figures are for illustration purposes only and may not reflect present rates.
Want to learn more?
To find out how much you could benefit from the HIFX Regular Payment Service email their Regular Payments Team – rpa@hifx.co.uk or contact HIFX directly on +44 (0)1753 859159 quoting Exclusive Healthcare for a priority consultation.
