Having emigrated and started your new life overseas, it is often the case that you will have to make regular overseas payments from your old to new country of residence. Foreign exchange brokers can help you arrange regular money transfers from £250 upwards in a simple, automated and cost-effective manner. By transferring money regularly through a bank, you will be subjected to a separate set of fees and charges each month or time that you make the overseas payment to your foreign bank account. Instead, currency specialists can make this process more efficient and cheaper by setting you up with a regular direct debit.
The providers below will exchange the currency typically at a far more favourable rate than you would likely receive from a high street bank (saving up to 5 % of the value of the international transfer). Typically, you will only have to set up a standing order form which transfers the funds direct from your account to the currency specialist's account. They will then convert the currency (i.e. euros, Australian dollars) at a better-than-bank exchange rate, sending onto the overseas account either free of charge or for a very small and bank beating competitive fee. Most importantly, the money will be delivered on time and automated so you don't even have to speak with your currency broker each month.