Save money when emigrating
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.
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All about the ‘Spot’ contract
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…
What Factors Affect Exchange Rates
The one thing I am sure of is that expert comments from people like me do not move exchange rates. Having been involved in currency exchange for over 15 years I am confident my understanding is extensive and continues to grow. But the sheer size of the currency market, which dwarfs every other trading market, Continue Reading…