Regular Overseas Payments
In the initial stages of relocating overseas, you may need to move large lump sums abroad (to fund a property purchase, for example). However, most people find that once they’re settled they still need to move money abroad on a regular or semi-regular basis.
If you think you may need to transfer wages or a pension, meet mortgage costs or pay international school fees, the Pickfords FX Regular Overseas Payment plan is the most convenient and cost-effective way of managing these transactions.
Using a bank to manage regular payments can be time consuming, and as banks often add on fees of £10-£40 to every transaction, the costs can really start to add up over the course of the year.
To put it in real terms, if your bank charged you £30 per transfer and you had both a monthly mortgage payment and your pension to move overseas, it would set you back £720 a year – money you wouldn’t have to spend with Pickfords FX.
Furthermore, Pickfords FX will make sure that your regular payments go through at the best possible exchange rate, often beating that offered by the bank by over 3%, so you’ll see even more savings.
If you’ve got to make regular transfers of anything from £500 to £10,000 over a minimum period of six months, the Pickfords FX Regular Overseas Payments plan is for you.