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Posted May 30th, 2012 by Charles Purdy

Why not to use your bank for currency transfers!

Greg Smith from Stoke-on-Trent used his UK bank the first time he needed to make an overseas currency transfer, in order to complete a property purchase. Thanks to the dire service and unnecessary expense, it was also the last time.

“They made such a mess of it,” recalls Greg. “It took my wife, Yvonne, about six visits to the bank before they finally managed to get the money to go to where it should have gone. Plus, what they charged for the service in the first place, you would have thought we didn’t already bank with them. We realised there had to be a better way of doing transfers so we asked around and looked on the Internet. Thankfully we found Smart, and the rest as they say is history.”

To date, the Smiths have used Smart Currency Exchange to make a number of transfers, totalling around £30,000, to their bank account on the island of Crete, where they own a second home on the north coast.

“We plan to carry on using Smart for all our future currency transfers,” adds Greg. “We have really been impressed with not only the speed at which Smart processes our transfer requests, but also the helpfulness of the team in dealing with any queries. We would like to say a big thank you, not only to the people we speak to on the phone but also to everyone behind the scenes there that make everything work so well.”

The Smiths’ property is in the largest village in Crete, Kritsa, which is on the main bus route to Agios Nikolaos, approximately ten kilometres away. They have wonderful views looking down over the village itself and out towards the sea.

“We paid €65,000 for the property in October 2010 and plan to be there as much as we can,” says Yvonne. “If we won the lottery we would love to invite all our family and friends over to see what we’ve bought, and to relax and enjoy the different way of life the people of Kritsa have.”

Wherever you are buying abroad, using Smart Currency Exchange to exchange your pounds and make transfers into a foreign bank account instead of asking your bank to do it will save you money and time. Smart consistently offers better exchange rates than the banks – typically by up to three per cent better – and ensures all customers can speak direct to a member of their team.

For more information on how Smart Currency Exchange could save you money, download their free report by clicking here

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Posted May 16th, 2012 by Charles Purdy

How to secure the price of your overseas home

The real cost of an overseas property… Can you guess how much this pretty property in the Mediterranean costs? The truth is, for too many British people it’s impossible to say. Why? Because fluctuating exchange rates mean many buyers from the UK don’t know until the day they make a currency transfer how many pounds  Continue Reading…

Posted May 15th, 2012 by Charles Purdy

SMART enough?

Currency facts to tell down the pub! It’s a touchy but timely subject, but with Greece’s exit from the Eurozone increasingly likely, here’s a brief look at its entry into the single currency. Greece adopted the euro in 2001 when €1 was pegged at 340.75 drachmas, circulating the single currency with other members in early  Continue Reading…

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