| Property
purchase | Emigration
| Paying a mortgage
abroad | Regular
payments |
|
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. We will advise you
whether we can help or not.
Please
call us on 0870 999 0059 for
further information or Money Transfer
Rates.
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.
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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. |
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Because of money laundering compliance regulations
we may require additional information in
order to transfer large amounts.
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What does it cost?
Please note all sums quoted are for GBP sterling
equivalent amounts.
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.
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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.
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