Voted International Money Transfer Provider of the Year 2016 - 2021.
Moving money abroad? Make savings with TorFX.
We've partnered with leading currency provider TorFX to provide you with access to money-saving currency transfer services.
The wild swings we're seen in the currency market over the last few years have highlighted how important it is to take steps to protect your currency transfers from exchange rate volatility, and that's where TorFX can help. They offer excellent exchange rates and no transfer fees as standard, but their team of currency experts are also on hand to keep you up-to-date with the latest market movements and help you move your money at the right time. For instance, a €10,000 transfer to the UK at the start of 2021 would have been worth around £9,000 at a EUR/GBP exchange rate of £0.90. The same transfer made less than three months later in March would only be worth £8,500 after the EUR/GBP exchange rate slipped to £0.85.
With a provider like TorFX you gain access to a range of specialist services which give you the ability to secure a more favourable rate and minimise your exposure to sudden currency movements. One such service is a forward contract. With a forward contract you can fix an exchange rate for up to two years ahead of making a currency transfer. While fixing a rate in this way would mean you'd miss out if the exchange rate improved you'd be protected if it fell.
Another service worth looking into is a limit order. With a limit order you can set a target rate higher than the current market level and have your transfer triggered automatically if that rate is achieved.
Additional tools include rate alerts (where you receive SMS and email notifications of rate movements), currency wallets (where you can buy funds in advance and hold them in a digital currency wallet until you need them) and regular payments (where monthly/quarterly payments are set to take place automatically, without you having to do a thing.
A little about TorFX
TorFX have been offering their customers great exchange rates, no transfer fees and exceptional customer service since 2004. They're part of a group with more than 20 global offices and over 500 currency experts, and they process £7.5bn+ in international payments per annum.
TorFX have won the Moneyfacts Consumer International Money Transfer of the Year award six years running (2016 - 2021) and hold an 'Excellent' five-star rating on Trustpilot.
Creating an account with TorFX can be done quickly online or over the phone. Once you've created an account, you can check live exchange rates 24/7 and arrange transfers online, over the phone or through the handy TorFX app. Get a free quote now to find out how much you could save or contact Natalie Collins at firstname.lastname@example.org or +44(0)1736 335234 to find out more.