Emigrating to another country will never be a cheap thing to do. However with the help of specialists such as Smart Currency Exchange, it can be a lot less expensive than you think. There will be many things on your ‘to do’ list, such as finding a house, getting your removals sorted, and finding schools and jobs for when you arrive. But have you thought about how you are going to move all your money from the UK to your new destination? Many of you will immediately think of the banks to help you move money or buy currency; however this is a guaranteed way of losing a lot of your hard earned money.

High street banks tend to set their exchange rates every morning, and allow for any movement in the market, ensuring that no matter how the rate changes, they will still make a profit. This is a good deal for the banks, but a bad deal for you. Banks cannot help you when it comes to advice either, they are there to sell you their exchange rates, and are not specialists when it comes to knowing the rate trends or giving advice on the best time to buy.

Did you know that on average, Smart currency exchange gives a 4% better rate than the high street banks; that’s an astonishing £4000 for every £100,000 you move, and if a family is moving everything, that will soon turn into an even greater number. That said, it is not just a good idea to use a specialist like Smart for large sums of money, you can save money on other things too, such as setting up regular payments overseas (for example to pay a mortgage or rent on a holiday home), sending money to family overseas, and paying deposits and lump sums abroad.

It is perfectly safe and secure to use Smart Currency Exchange, as they are regulated and authorised by the FSA (Financial Services Authority) and their client account is with the bank of Ireland, which means that all of your money is insured and guaranteed as opposed to a maximum of £50,000 with the Bank of England.

Smart currency Exchange is also a member of the UK Money Transmitters Association which was set up with the sole purpose of promoting and maintaining shared high standards within the money transfer industry. You can rest assured that your money is safe with Smart, no matter how much or how little you are moving.

If you need to move money abroad in a hurry then here’s another reason to choose a specialist over the banks; a bank will take as long as 5 working days to complete the transaction and have your funds reach the overseas account. Specialists take just 2 days. It is as simple as setting up a contract with Smart, purchasing the currency and then ordering your bank to send the money.

If you haven’t yet collected your FREE report from Smart on "Why Overseas Property Buyers Lose Money… and how YOU can avoid it" get it here

Smart Currency Exchange has a range of options to suit client’s individual needs when it comes to purchasing and transferring currency abroad; whether it is a one off lump sum, regular payments, big or small, they will be able to advise the best route for you to take. This article is all about the ‘Spot’  Continue Reading…

When it comes to currency, choosing to use a specialist rather than a bank will benefit you in more than one way. Buying property overseas is a stressful and testing time, so anything which helps to relieve that stress will be welcomed. Many people instantly go to their high street bank when it comes to  Continue Reading…

Once you have decided where in the world you want to move to, the fun can begin! However, unless you know exactly the property you want to buy, you are going to have to look around a few in order to get an idea of what is available. By viewing many different properties, you will  Continue Reading…

With more and more people moving abroad or buying a second home in a foreign country, the demand for quick and easy currency transfers has gotten greater. Many people will still just assume that their bank is the best place to go for currency and/or to transfer money overseas. They are wrong. There are now  Continue Reading…

What is an ‘Order to Buy’? If you need to move money into a foreign account but have not yet seen a rate that suits your budget, speak to a specialist. They will talk you through the process of moving your money abroad and will also be able to give you a guided estimate of  Continue Reading…

Planning to move somewhere exotic? Or perhaps you are in the process of looking for an overseas property to invest in? Either way, there will come a time when you need to move money from the UK, to an overseas account. With this in mind, most people will not think to look at currency exchange  Continue Reading…

Moving abroad can be expensive, very time consuming, and cause a lot of stress. There is a way, however, that you can save yourself thousands of pounds, just by making the right choices when it comes to moving your money overseas.  Great losses can occur when moving money between different currencies, and the first thing  Continue Reading…

Many ex-pats living abroad may have to move money from the UK abroad (or vice versa) and when doing so, changing sterling into another currency (or vice versa). This often has consequences that many people fail to understand and they run the risk of costly losses throughout the transfer process.   When transferring money between countries with different currencies, losses  Continue Reading…

Even although there are fewer banks after the recent recession (and therefore theoretically less competition) it seems that banks still use what some would say is an almost deliberate device of making the small print so complicated that few actually read it. That means that few ever compare costs – indeed many are unaware that  Continue Reading…