When it comes to moving your money abroad, your initial thought may be to go straight to your local high street bank or post office to get the best exchange rate. Unfortunately, this is often the worst thing you could do – banks, being large institutions, tend not to offer the best exchange rates and their customer service is impersonal.

Your other – and recommended – option is to use a currency exchange specialist. You might envisage these as being run by men in suits, working in London, doing their best to get money from you. But actually, they tend not to be like that and Smart Currency Exchange is a good example of this. Smart Currency Exchange provides a service which helps you to get the most from your money when you make overseas transactions. Here are some of the ways in which they do this:

• Better Rates: Smart Currency Exchange can often offer rates which are up to 4% better than what the banks can offer. If that doesn’t sound like much, consider the amount you are moving -  4% can equate to a £4,000 saving for every £100,000 you transfer.

• Lower transfer fees: You will find that most banks charge a fee to transfer your money to a foreign account. This fee can be anything from £25 upwards, depending on the amount you are moving and where in the world it is going. Smart can help to significantly reduce and sometimes eliminate these fees for you.

• Smart solutions: Smart has a range of contracts that allow flexibility in the way you buy currency. This could be by fixing a rate today to use in the future (forward contract) or asking your trader to make a transfer only once a specified exchange rate is achievable.

• No Commission: The traders at Smart do not earn commission for themselves – they must hit team targets. This means that to a Smart trader all clients are as valuable as the next one, whether they are transferring £1,000 or £1,000,000. 

• Expert advice: Call Smart any time and they will be more than happy to talk with you about moving money abroad and buying currency. This is regardless of whether you are wanting to do it the same day, or merely thinking about it. Our traders are always on hand to help and advise and can give you an insight into the market rates that banks do not offer. No matter when you are moving your money, the Smart traders will make sure you get the best rate possible.

• It’s quicker: Smart can transfer your money in just two days, whereas with a bank you could be waiting anywhere between 5 and 10 days for the transfer to be completed.

Needless to say, when it comes to putting a deposit down for your new property abroad, or indeed paying a mortgage abroad or anything else money related, going to a specialist will benefit you greatly.

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

Every day the traders at Smart Currency Exchange save their customers hundreds of thousands of pounds by helping them buy and move currency at the right time to suit their financial situation and needs. If you haven’t yet collected your FREE report from Smart on "Why Overseas Property Buyers Lose Money… and how YOU can  Continue Reading…

When it comes to buying or moving abroad, one of the precautions often overlooked is how to protect your money; you’ll use a recommended agent, hire a reputable lawyer, rely on an accredited removals company and make sure you’re fully insured. So what can you do ensure you get the best value for money for  Continue Reading…

Moving abroad does not necessarily mean that you will be severing all ties with the UK. In fact, in most cases it is the opposite. Many people will still have family, dependants and bank accounts in the UK and therefore the time will come when they will need to send money back there. Perhaps you  Continue Reading…

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  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…

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…

So you’ve decided to make the move abroad. You have made various trips to the country in question, found a property you like and have made an offer which has been accepted. The time will soon come for you to pay the deposit. The initial deposit for a property abroad is usually anything between 10%  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…