Why You Should You Use A Currency Transfer Company

If you’re thinking about moving to Australia, either temporarily or permanently, you may need to make payments back home which can be difficult or expensive when using a high street bank. Instead, use an international currency transfer company, such as Moneycorp to get a better deal. Here are 5 reasons you should be using a currency transfer company over a bank.

Competitive exchange rates

When using a foreign exchange specialist company like moneycorp, you can benefit from exchange rates that are typically 3-4% better than you might receive from your high street bank. That percentage can make a huge difference when sending large sums of money across the world to your Australian bank account for your new life down under.

Personal service

When you open an account with Moneycorp you will be allocated a personal account manager who can guide you through the transfer process and help protect your transfer from negative exchange rate fluctuations which can be difficult to understand.

Fixed Rate

If you’re transferring money and the exchange rate at the time seems favourable, you can fix it for up to two years, avoiding any unexpected fluctuations in the currency exchange market. This is particularly helpful if you’re sending money back home to pay mortgages or bills, as you know exactly how much is leaving your account.

Low transfer fees

Banks can often charge up to £20-£40 every time you move money abroad, which quickly adds up if you’re making regular payments. With Moneycorp, these start at as little as £5, saving you vast amounts of money in the long term.

Regular payment plan

If you already live in Australia and need to make recurring payments back to the UK, such as to cover a mortgage or pay into your pension, you can use Moneycorp’s Regular Payment Plan. They will collect your sterling by Direct Debit, convert it into foreign currency and automatically send it abroad as frequently as you wish – whether it’s weekly, monthly or at more irregular intervals.

Thinking About Moving To Australia?

To find out more about how Moneycorp can help you get the best exchange rates and lowest transfer fees for sending money back home, why not speak to one of their consultants at the Moving Down Under event on 16th April 2016, a migration event aimed to provide advice and information for those making the move to Oz.

Book your tickets online now.