Money Transfer / Currency Exchange

Top Tips for Currency Exchange

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Moving to Australia is a big decision. And no doubt you will want to start your new life with as much money as possible.

One of the main factors affecting the amount of money you actually start out with is how you choose to exchange your funds into Aussie dollars. That’s where Moneycorp can help.Below some top tips to help you get the most for your money.

Alternative option to the bank
Many people leave their foreign exchange in the hands of their bank. Most are unaware that there are other options to save money.   For example, if you were to buy AUD $100,000 with GBP £, Moneycorp could save you over £4,000 on the exchange rate alone.

Your own personal dealer
With a currency broker you can transfer money overseas with the help of your own personal dealer. Your dealer will help you trade at the right time, in the right way, when rates are in your favour.

Your dealer will work closely with you to manage your currency risks and offer you various solutions that benefit you.

Plan ahead
The longer you have to arrange your currency transfer, the more flexibility you will have to ensure you get the best deal. Although your broker will be able to offer you a same day transfer, the longer you have to manage your exposure the more options are available to you.

 Key Benefits of using Moneycorp

  • Moneycorp offer highly competitive exchange rates on all major currencies, often providing a better rate than the bank by up to 4%.
  • No transfer fees if you register through the A Piece of Perth website – banks can charge up to £40 every time you send money overseas therefore you can save money on fees alone.
  • You will have your own personal dealer to help you through the process step by step – from opening a free no-obligation Account to trading.
  • Receive free expert guidance on the currency markets from your dealer and a range of different services that help you trade at the right time, at the right rate.

Register for a Moneycorp account with no transfer fees here.

If you are paying a mortgage overseas, transferring a pension or salary or generally making regular payments when emigrating, getting more for your money is important. By using a currency specialist such as Moneycorp, you have access to different options which will save you time and money on these payments. If you are making payments on an ad hoc basis why not use Moneycorp Online where you can transfer money at the touch of a button, 24hours a day, 7 days a week.  All you need to do is select the desired currency rate and enter the amount you wish to transfer. Then, using a UK Debit card or a bank transfer, you can complete the deal in a matter of minutes.

If your payments are more regimented and due dates are set in stone. To make sure you never miss a payment and the right amount is always received, Moneycorp regular payment plan could be your answer. They take care of the payments by setting up a direct debit from your UK account and the foreign currency is automatically sent abroad. Not only is their regular payment plan hassle free but it is also cost affective. Moneycorp offer more competitive rates than your bank and instead of a typical international bank transfer charge of £25-35 the transfer fee can be as low as £4. Straight away a saving of up to £327 over 12 months!

The regular payment plan will not only give you more flexibility than your bank, it has options which allow you to secure the price to protect you against adverse rate fluctuations.

To find out how Moneycorp can help and which option is best for you please contact Mar Bonnin Palmer through our page 

Alternatively register with Moneycorp here!