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International
Money Transfer
| Money
transfer rate finder |
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Indicative
rate
Currency values are constantly fluctuating
and the currency rate quoted is known as the indicative
rate. This currency rate represents the value and amount
if we were making the transfer at the time of enquiry.
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| [transfer
request form] |
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Step by step
process of money transfer
On completion of the international money [transfer
request form] an operator
will contact you, by email. Completion of this form places
you under no obligation to use our service. It enables us
to review your details and identify any queries we may have.
If you would like us to call you to discuss any aspect of
money transfers, please use the “Call me” facility in the
method of payment field on the form. We will then follow the
step-by-step process listed below.
Step
1
On receipt of your transfer request form, we will check
the details and email back a completed official form for
you to review. This will confirm the indicative rate for
the currency you have requested. It also gives you a chance
to check the details you have sent us are correct. This
requires a signature and can be faxed back to us on 020
7224 5723 (INT code 00 44) if you are in agreement for
the money transfer to take place. You will then need to
transfer to our bank the money you wish to transfer. The
form we send you contains our bank account details. Payment
to our account can be by: Online banking transfer, BACS
or Chaps. |
Step
2
Upon receipt of the cleared funds to our account, we will
confirm the rate with you and process the International
Money Transfer. |
Step
3
The money transfer will be actioned and once the funds
have left the country, a confirmation sent to you. This
contains a unique reference number for your transfer.
Please keep this for your records. |
General information
Online FX IMT's are a highly convenient, secure and cost effective
way to transfer money to bank accounts in over 70 countries
worldwide. For a list of countries and the currency applicable
[click here] Owing to the current political situation in many
countries, we have had to restrict the number of countries
available. If the country you wish to transfer to is not on
the list, contact us using the enquiry form on the site. We
will advise you whether we can help or not.
Please call
us on 0870 999 0059 for further information
or Money Transfer Rates.
Because of money laundering compliance regulations
we may require additional information in order to transfer
large amounts.
What does it
cost?
Please note all sums quoted are for GBP sterling equivalent
amounts. Transfer cost: £15.00
Compare that with up to £30 for each transfer
charged by high street banks.
Please Be Aware
Some banks use an intermediary bank to process transfers on
their behalf. These banks may make an administration charge.
All receiving banks make an administration charge for receiving
transfers. We are unable to advise on these charges as they
vary from bank to bank and country to country. It can also
depend on the arrangement the recipient has with the bank.
These are not Online FX charges and we are unable to accept
responsibility for any amount deducted. Please check with
the recipient, especially if the amount to be placed is critical,
e.g. payment of bills, property purchase.
If you have any queries, please do not hesitate
to contact us on 0870 999 0059.
Restrictions
We are unable to carry out same currency transfers. E.g. Sterling
transfers, Dollar account to Dollar account etc.
Transfer Amount
Our minimum transfer value is now £50. With our IMTs you can
transfer any amount from £50 or equivalent in foreign currency.
Just make cleared funds available to us and we will take care
of the rest.
Faster than
bank transfers
Our IMT's take just two working days to reach countries in
Western Europe and North America, and four working days for
the rest of the world. In comparison, bank transfers can take
up to 14 days. |
