When you are making an international currency transfer many people think going through their high street bank is the most convenient option. Whilst this may be the ‘easiest’ option in one sense it is more often than not the cheapest option and could end up costing you thousands of pounds.
The alternative is to work with a specialist Foreign Exchange business like Optimal Currency. We will monitor the market on your behalf and help you secure your currency when the rate is beneficial to you, saving you both time & money.
Optimal Currency offers you so much more than a better rate than your high street bank.
- Focus – A high street bank has many products, and international currency is just one of them. It is not considered a high priority for many banks meaning they are not looking for the best rates for their customers. However, at Optimal Currency, all we do is Foreign Exchange, and we are good at what we do. Choosing us over a high street bank ensures you are getting experts who will be working purely on getting you the most competitive rates available and the most appropriate process for the transaction you need to make.
- Dedicated Broker – As soon as you sign up with Optimal Currency you will be allocated a dedicated broker who will be your main point of contact. No international call centres, just easy access to a real person who knows you and your needs.
- Fixed Rates– When you make an international transaction with the bank the rate is set at the time of the transfer. With your Optimal Currency broker you can buy when the rate is beneficial for you and fix it for up to two years, meaning you can budget ahead of the transactions you have planned.
- Fees – As foreign exchange is not the bank’s main business there are usually several different fees associated with their service, including transfer fees, commission and a lower rate of exchange. At Optimal Currency we very rarely charge transfer fees (and if we do, we will be totally clear and transparent on the amount before any contract is entered into) meaning you will make savings on fees normally associated with international transfers.
- Secure – When you exchange currency with Optimal Currency, we safeguard in line with FCA regulations and use the segregation method of safeguarding client funds. Relevant funds (i.e. those funds that are related to Payment Services) are held in a safeguarded client account are not deemed to be Optimal Currency’s own funds so in the unlikely event of an insolvency event, those funds will be made available to you ahead of most other creditors. Banks are covered by different protection schemes. See our Terms & Conditions for further information on our Safeguarding policy.”
- Relationship – When using the bank to transfer money abroad this is a purely transactional relationship. However, with Optimal Currency you will be working closely with your dedicated broker to ensure the most competitive rates for your transaction. Customer satisfaction is key to our business and we would love to help you time and again.
- Compare – You don’t have to take our word for it that we offer the most competitive rates. Please bring your banks’ best rate to us and we will go out to the market to beat it. If we can’t, we will send you back to them, happy in the knowledge you’ve got a great deal.
