How do the payments work?
Once you have bought your currency from HiFX, your dealer will arrange a Direct Debit over the telephone to avoid the need to complete any additional paperwork.
If transferring £s from the UK
Please note that the initial deposit will be automatically taken after 10 calendar days. Thereafter, ongoing
direct debits will be collected on a pre-agreed date every month. Should your first payment be required
within 10 days, the deposit and first instalment can be made by bank transfer.
Once this has been arranged, you will receive a Contract Note (invoice). The Contract Note details the
collection dates and amounts to be debited from your UK bank.
Please fill in and return the Onward Payment Instructions Form (telling us where you require the currency
to be sent).
If transferring US$s from the USA or €s from Spain
Once you have bought your currency from HiFX at an agreed rate, you will receive a Contract Note(invoice) and Direct Debit Form. The Contract Note details the collection dates and amounts to be transferred from your bank. You will need to pay a deposit for the contract which is equal to one month’s payment for each year of the contract. The deposit is then used for the final payment(s). Note: As the Direct Debit may take up to 4 weeks to establish, you need to pay HiFX the deposit by bank transfer. Please also fill in and return the Onward Payment Instructions Form (telling us where you require thecurrency to be sent) and the Direct Debit Form.