Why should I use HiFX rather than my bank?
Essentially there are four reasons why you should use a currency specialist like HiFX rather than your bank:
You’ll save money by getting a better exchange rate. Exchange rate comparisons undertaken by national newspapers showed that the high street banks can charge up to 4% more to exchange your money. 4% doesn't sound a lot but this means if you were changing £100,000 into Euros, for example, you'd pay around £4,000 more than if you'd used a currency company like HiFX.
HiFX will transfer your money abroad completely free of charge.* If you use your bank you'll be subject to a number of additional bank charges which include commission fees (up to another 2% of the amount you are transferring) and transfer charges (usually £25 for each and every transfer).
Unlike your bank, for amounts of £20,000 and above, HiFX will allow you to fix a favourable exchange rate for up to 1 year protecting your money from adverse currency movements.
Service – for many people transferring money overseas is not something they do everyday. HiFX will provide you with all the help and expert advice you need in a simple straightforward way.
Put simply – don't let the banks cash in! Shop around and compare the rates given by your bank with an established currency broker.
* No transfer fees for amounts of £3,000 and above. £9 for amounts below £3,000.
This does not include the cost of you transferring the funds to HiFX and any charges incurred where the funds being sent are in a different currency to the destination bank account.