How do I transfer money to HiFX?
Once you have bought your currency from HiFX, or your Market Order has been filled, you will receive a Contract Note (invoice), detailing our bank details and where you should transmit the funds.
You can transfer sterling funds to HiFX via:
- CHAPS
- BACS
- Telegraphic Transfer
- Cheque (only for amounts of below £50,000). Please allow 5 working days for cheques to clear. For cheques in other currencies please contact HiFX for clearance times as they may vary.
Please note we do not accept cash.
Guide to International Payments and Clearance Times
Payment
method |
Clearence
(business days)
|
Same day
urgent |
Spot contact |
Forward contract
deposit |
Forward contract
balance |
| CHAPS* |
Same day |
ü
|
ü
|
ü
|
ü
|
| BACS |
3* |
û
|
û
|
ü
|
ü
|
Telegraphic
Transfer |
1-3 |
û
|
ü
|
ü
|
ü
|
| Sterling Cheques |
7 |
û
|
û
|
ü
|
ü
|
| Cash |
û
|
û
|
û
|
û
|
û
|
* CHAPS - please note the remitting bank may charge you £20-25 for guaranteed same day transfers.
** Payment needs to be sent in good time to ensure it arrives on time. Please speak to a member of the HiFX Team to confirm clearance periods and times.