There are many occasions which can arise meaning family members are living in a different country. Many people go abroad to work, to study, or to live for a year. If your child or spouse is living abroad for an amount of time then it is likely that at some point, or perhaps even on a regular basis, they will need money to be sent to them.
Luckily, there is a quick, simple and easy way to send currency abroad, which could even save you money! Smart currency exchange specialise in sending money to and from the UK, and can help you save money by offering an exchange rate which is up to 4% better than what you are offered by high street banks; that’s a hefty sum if you are sending a large amount or making regular payments.
Whether you need to send money straight away, or in a month or two; make regular payments, or simply send money as a one off, Smart can help you. Simply call up and speak to one of the friendly traders and they will be able to advise you on the best time to buy your currency and the type of plan that will suit your needs best.
Smart currency will also provide you with a quicker, cheaper service than the high street banks; with a transfer time of around 2 days, compared to a banks’ 5 days. Smart can also significantly reduce or totally eliminate any transfer fees which may apply, saving you even more money
Another way you will benefit from using Smart rather than a bank is that you will receive a personalised service, and be able to speak with people who are specialists when it comes to currency. They will be able to discuss the exchange rate trends, advise you on the best time to buy, and generally care about saving you as much money as possible. Smart traders do not work on commission therefore the work they do is solely to benefit you, the client.
Smart currency exchange is regulated by the FSA (Financial Services Authority) and all funds go into a client account, separate from operating accounts. The client account is held with the Bank of Ireland, which means that your money is safer – the Bank of England only insures sums to the value of £50,000, whereas the Bank of Ireland can insure much larger sums.
In order to transfer the money abroad, the family member needs to have a foreign bank account. Then once the sterling has been received by Smart, they will automatically transfer it to the foreign account. It really couldn’t be easier.
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