Money transfers – make sure you get the best deal

There is plenty to organise when looking to emigrate or make an overseas purchase. Currency exchange may not be the first thing on your mind, but it is certainly one of the most important. The sooner you research the options available for transferring your funds overseas, the better informed you’ll be when it comes time to transfer.

Why use a specialist rather than my bank for my money transfers?
It's now easier than ever to transfer money between countries. Historically the only option for those who wanted to send money overseas was to use their local bank. This was often a complex process which incurred expensive fees and poor exchange rates. Research shows that most people know they are not getting the best deal through their banks but use them as they are unaware of the options.
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The exchange rate you receive has a direct and noticeable impact on the funds you receive at the other end. Non bank providers like Currency Online can provide lower fees and better rates because they are specialists. Mainstream banks offer a full range of general banking services and therefore have higher overheads leading to higher costs to you the client.
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Moving Money Made Easy
Using an online money transfer company you do most of the work yourself via a secure, simple, easy to use platform. This DIY service means even greater savings and more money in your hand. Online providers offer a flexible service and don't limit you to normal business hours, so if the financial markets are open you can transfer money. Currency Online also offer a 24 hour toll free help desk to guide you through the money transfer process and answer any questions you may have.
View our web transfer video Click here

The benefits of using Currency Online:-

• Better rates than your bank can offer
• Zero fees on transactions over a certain amount
• 24 hour money transfer service, both online and over the phone
• 24 hour toll free help desk
• Fast, secure payments to accounts worldwide
• Trusted with money transfers for over 20 years
• Full online account and transaction history
• Immediate transfers, or lock in today's rate for future payment.
• Market orders to secure a better rate.

Is it easy to open an account?
It sure is. Signing up for a Customer Account only takes a few minutes online and once you’ve provided us with a copy of your passport and a recent utility bill (gas, electricity, phone etc), we can have you up and running and ready to transact in less than 24 hours. There is no obligation to use our services if you register for an account and we welcome any live quote comparisons from other providers. Register now for your free Customer Account Click here

Once I’ve opened my account, what are my options?

Spot Contract
Buy Now. Pay Now.
A spot contract is used for immediate money transfers and is the most popular method of transferring funds.  You purchase the funds and pay for them immediately. Once we receive payment, we’ll transfer your bought currency to your nominated bank account.

Forward Contract
Buy Now. Pay Later.
A forward contract allows you to enter into a contract at the current market rate for payment in the future. A forward contract can be used to protect you from adverse market movements during the tenure of your contract. Particularly useful if you want to lock in a favourable rate today, but don’t have the funds available to pay for the contract immediately. Normally, the maximum term is for 6 months but contracts can be extended at maturity. Similarly, if you require the funds earlier than expected, forward contracts can be pre-delivered prior to maturity either in full or in part. All forward contracts are subject to a minimum amount and payment of a small deposit to secure the contract.

Market Order
Not happy with the current exchange rate?
No problems. You can place a Market Order to target a rate that you would like to achieve and we’ll monitor it for you. Market Orders allow customers to specify a rate they wish to transact at that is either better than the current market rate to capture positive movements or worse than the current market rate to protect against adverse movements. Your order will be live 24 hours and will automatically be executed if the market reaches the agreed rate and you will be required to deliver the sold funds to complete the contract.

Whatever your currency requirements, let the foreign currency specialists at Currency Online make your transfers safe, secure, cost effective and stress free.

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Open your FREE Customer Account Click here