Making payments abroad
As long-established specialists working exclusively in the currency field, we guarantee to beat the price and service of any retail bank, and our system is designed to make it quick and easy for you to trade. Security is one of our top priorities, and you’ll find our stop loss and limit order solutions are particularly effective ways to reduce your exposure to currency fluctuations. Whether you’re buying, currency, selling currency or setting up one-off or regular payments we’ll make it as easy and straightforward as possible for you – and we’ll provide as much assistance, information and explanation as you wish.
Case Study
Alan Bond
Forward In Fashion Ltd
- Type of investment:
- Retirement home in Spain
- Solution:
- One-off payment
- Age:
- Late 40s
- Marital status:
- Divorced
- Type of business:
- Clothing importers
- Job title:
- Finance Director
- Likes:
- Surrey County Cricket Club
Golf (plays off 16 handicap)
Dragons' Den
- Music:
- Gilbert & Sullivan comic operas
- Food and drink:
- Seafood, especially bouillabaisse
Scotch on the rocks
How we made life easier for Alan
Forward in Fashion is a small rag-trade business located just north of Oxford Street in central London. They import clothing from the Far East for a number of fashion retailers and have recently formed an alliance with a Hong Kong-based, UK-educated, multilingual middle-man, Sam Lo, who is proving to be an invaluable intermediary in their dealings with their suppliers in China, Vietnam, Thailand and Indonesia.
Sam has established a small office on behalf of Forward in Fashion and needs regular transfers of currency to pay the rent, overheads and his commission on the deals he brokers. Alan also makes stage payments on specific dates direct to the various Far Eastern suppliers, as they manufacture and export the clothes ordered from them by Forward in Fashion.
Initially, Alan was using the company’s bank to handle these various payments, but their procedures were time-consumingly complex, two payments went astray, which caused expensive delays and considerable embarrassment, and he was caught out a few times by sudden currency movements, which also proved costly.
So Alan shopped around on the internet and identified two potential currency dealers who seemed to offer appropriate services. After discussing his company’s situation with both dealers, he decided that Foreign Currency Direct seemed to really understand his needs, and were able to offer the high level of specialist service he was looking for, coupled with reassuring levels of security. He was also impressed by our proactive approach in suggesting strategies for buying and selling currency that defended Forward in Fashion against the risk of losses resulting from currency fluctuations.
After using us exclusively for just over a year, Alan has saved considerable amounts of time, money and stress. Unfortunately, he steadfastly refuses to recommend us to his rag-trade competitors, because he now regards FCD as his secret weapon in maximising profit and minimising risk.
We’ll save your company time and money, even if you don’t recommend us!
Click to open a business account right now, or to learn more about using Foreign Currency Direct call us on 0800 328 5884 or email us here.
Is this the right solution for me?
Getting you the best start. We want to make sure that you get the best deal you can so that's why we offer all our clients free transfers (over £50,000) and charge no commission. Plus, Foreign Currency Direct does not charge lifting/receiving fees on transfers, which means that you get more of your money to take with you
To find out more about using Foreign Currency Direct call 0800 328 5884 or email us here.
