Use our expertise to protect occasional international payments

You might only need to make one or the occasional ad hoc international payment or overseas money transfer. But if you want to spend or send money abroad, you should still protect yourself from the 24 hour movements in currency markets.

Use Personal FX for your international payments or money transfers and you’ll be assigned your own dedicated Dealer, someone with expertise in the foreign exchange market and knowledge of sending money abroad.

We gain an understanding of your individual requirements and so recommend the best way to convert your sterling into your chosen currency – or vice versa.

Once it’s agreed, you simply leave us to manage the transaction. We’ll set up the transfer and deliver the payment or monies directly to where they need to go, when they need to go.

Whether you’ve set your heart on a motorbike from Milwaukee or a Graff watch from Geneva, you need to be sure that when you pay for it, you’re getting the best possible rate of exchange. If the rate has shifted significantly since you agreed the price, the payment might amount to more than you bargained for.

Even a small change in the exchange rate could make a big difference.

For example, you decide to buy a motorbike from the US for $25,000 when the dollar is $1.55 against the pound. By the time you pay for the bike, the dollar rate has fallen to $1.35. That means you have to pay an extra £2,400 for your new bike.

Securing a rate of exchange rate early on in the payment process could give you peace of mind – and help save you money.

You might occasionally want to make a money transfer internationally or send money abroad or back to the UK. Sudden and unexpected movements in exchange rates could be to your benefit.

For example, you want to make a payment to your daughter, who lives in Italy, to help with a deposit on a new flat. She needs €10,000 and with the Euro at $1.14 to the pound, you agree to transfer £8,772. However, if the Euro were to rise to €1.30 to the pound before the payment is made, your daughter would receive €11,404 instead of the $10,000 she’s expecting. The extra $1404 could help fund her move costs or new furnishings.

Making a foreign exchange arrangement that allows you take advantage of a future exchange rate means you could increase the value of your payment - and give someone a nice surprise.

• You open an account facility with us – free and with no obligation to use us.
• We work with you to understand and clarify your requirements and the timescales and currencies involved.
• We make a recommendation on the best transaction type for you and the proposed exchange rate.
• We discuss the recommendation with you and you agree the final type, rate and timeframe
• We send you confirmation of what we’ve agreed
• You transfer your funds to us and we hold them in a segregated client account
• You instruct us where to transfer the funds to
• We exchange the money into the designated currency
• We transfer it to the recipient to make the payment
• We send you payment confirmation