Regular Transfers

Looking for an effortless way to make regular international payments?

Our Regular Transfers Service offers the ultimate in convenience.

The HiFX Regular Transfers Service provides you with the quickest and easiest way to make frequent international payments and avoid the unnecessary fees charged by the high street banks each and every time you make a currency transfer.

Whether you’re paying an international mortgage, making salary transfers or transferring a UK pension overseas, whatever your regular payments needs, our specialist Regular Transfers Team will automate your payments via direct debit ensuring you never miss a payment.

Features& benefits

How itworks

Currenciesavailable

Commonquestions

Compareour rates

At aglance

It’s quick and easy to set up and we take care of the whole process, so you can be completely confident that your internationalpayments are made on time, every time.

Regular Money Transfers with HiFX
Move money, pay bills or people.
The ultimate in convenience.
Avoid having to speak to your bank or arrange an online transfer each month and get great value for money. Our Regular Transfers Service enables you to set up automated transfers via Direct Debit for up to 12 months. Payment dates and schedules can be set up to suit your needs giving you the peace of mind that future payments will be made on time every time without the need for you to arrange anything further. You give us your instructions once. We then take care of everything else. Time after time, year after year...
graph live rates
MyHIFX personalised currency tools.
Let us be your eyes and ears in the market.
Designed to keep you one step ahead, MyHiFX enables you to set personalised rate alerts, access live customer rates, monitor your key currencies and make international payments – all in a few clicks.

Be the first to know.
So for example, if you'd like to know when the Euro next hits €1.25 or the US dollar hits $1.65 simply tell us and we'll automatically alert you by email when your target rate is reached.

Get connected today.
Make sure you don't miss out when the markets are in your favour! Simply sign up today and you’ll get immediate access to both MyHiFX and bank beating exchange rates on all your international payments within minutes.

Sign up today
Zero Fees & Charges from HiFX
No Fees
Avoid international banking fees each and every time you make a transfer.
Most high street banks will charge up to £25 for each and every international transfer you make. With HiFX there are no transfer charges saving you up to £300 a year on banking fees alone. In addition by using our Regular Transfer Service you will avoid commission charges*.

*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. As part of the service, HiFX provides one free transfer per trade.
Save Time & Money with Regular Currency Transfers
Complete Flexibility.
Save time and money by sending your regular international transfers the easy way.
Tailored to your individual requirements, simple, fast and cost-effective, you can fix the foreign currency amount and cost for each payment for up to 12months. If you want to arrange ad-hoc international money transfers as and when you need to, our online currency exchange service is quick, easy to use and highly secure. You’ll simply need to log on, book an exchange rate and send your currency wherever you need it to go.

However you choose to manage your regular transfers, we’ll ensure the process is quick, easy and great value for money.
A Choice of Payment Options at HiFX
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Tell a friend about us and if they use our service we'll reward both of you with a £10 amazon.co.uk gift certificate to say thanks.

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Secure Regular Money Transfers at HiFX
Security.
We work hard to keep your money safe and use the same security as 97 of the World's 100 largest banks and over 93% of Fortune 500 companies.
Regulatory information
HiFX Europe Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2009, registration number 462444, for the provision of payment services. HiFX Europe Limited is also a registered MSB with HM Revenue & Customs – registration number 12131222

Security of Funds
When buying or selling currency with us, your funds are held either in pooled client trust bank accounts or are held at one of our counterparty brokers as cash in transit or collateral to meet our obligations relating to clients’ trades. Funds can be used to fulfil the contractual obligations of our clients but will never be anywhere other than:

- In the segregated client accounts
- With our banking counterparties.
- In transit i.e. being sent.

Online security
HiFX Online is Norton secured. The Norton seal is the most recognised trust mark on the internet and helps companies and consumers all over the World engage in trusted communications and commerce billions of times every day. 97 of the World's 100 largest SSL-using banks and over 93% of Fortune 500 companies use SSL Certificates sold by Norton. In addition, Norton secures more than one million Web servers worldwide, more than any other Certificate Authority.

For more information read our Guide to Staying Safe Online

Payments & settlements
As one of the UK’s largest currency specialists, HiFX has access to SWIFT, the world's largest payments and settlements network for domestic and international trades. This ensures HiFX clients benefit from faster payments and enhanced security.

Sign up

Signing up is free, quick and can be done 24 hours a day. It carries no obligation to trade and you’ll also get access to our regular transfers specialists and MyHiFX. Designed to keep you one step ahead, MyHiFX. enables you to set personalised rate alerts, access live customer rates, monitor your key currencies and make international payments - all in a few clicks. You'll receive on-screen confirmation of your account details and we'll also automatically send you an email with everything you need to know to make your first transfer.

Discuss your requirements and get a quote.

Once your account is open you can call our regular transfers team to discuss your individual requirements and get all the answers you need from an experienced market professional. While your dealer cannot predict future exchange rates, as your eyes and ears in the market they can provide you with up to date views on market trends, and suggest various options to meet your objectives. Unlike your bank and many other brokers, the price quoted will include fees, so there are no sudden hidden extras.

Tell us who you want to pay and when.

When you confirm the deal, your Regular Transfers specialist will arrange the direct debit over the phone so you don’t have to fill in any additional paperwork. You will need to pay a security payment for the contract which is equal to one month’s payment for each year of the contract. This is then used for the final month(s) payment(s). To save time you can set up a library of regular recipients’ account details. If you tell us to, we’ll even keep recipients up to date with payments via email so you don’t have to.

Send us your funds.

When you confirm the deal, you’ll automatically receive an email with a summary of the transaction including collections dates, the amounts to be debited and instructions on how to make the payment to HiFX. You then tell us where you wish to send the money to. To save time you can set up a library of regular recipients’ account details online.

We send your funds on.

We then do all the work and make the payments on your behalf on the pre-agreed dates you’ve specified. With access to SWIFT, the World's largest payments and settlements network for domestic and international trades, you’ll benefit from faster payments and enhanced security. We also offer SEPA payments where appropriate.

Track payments.
Best of all you can track your payments online. With HiFX Online you can also manage your account 24/7; changing usernames, addresses and passwords or use the diary function to remind you what to do, when.

It really is that simple!

Euro
$ US Dollar
AU$ Australian Dollar
NZ$ New Zealand Dollar
$ Canadian Dollar
د.إ United Arab Emirates Dirham
R South African Rand
kr Danish Krone
$ Hong Kong Dollar
CHF Swiss Franc
¥ Japanese Yen
Czech Koruna
Ft Hungarian Forint
kr Norwegian Krone
Polish Zloty
$ Mexican Peso
kr Swedish Krona
$ Singapore Dollar
£ Sterling

If the currency you are interested in is not shown above, please call our Regular Payments Team
on +44 (0) 1753 751768 to discuss your requirements.

Q.
How do I sign up?
A.
Opening a HiFX foreign exchange account is quick and easy and can be done 24 hours a day. It carries no obligation to trade and you'll also get access to MyHiFX. Designed to keep you one step ahead, MyHiFX enables you to set personalised rate alerts, access live customer rates, monitor your key currencies and make international payments - all in a few clicks and at bank beating exchange rates.

Q.
I live outside of the UK. Can I use your online service?
A.

Yes, but due to the high levels of security we have in place to protect our customers, we are unable to automatically verify overseas addresses and identities. We will need scanned copies of your ‘Proof of Address’ and ‘Proof of Identity’. Depending on your country of residence, we may then post you an ‘Activation Code’ that you must confirm you have received.Please note, we are unable to offer our money transfer services to clients located in the United States of America (USA) and Quebec (Canada). For clients located in other Canadian provinces we can provide spot transfers (but not forwards or regular payment agreements).

All clients located outside of the United States and Canada can still use the service and make international payments to / from the United States of America (USA) and Canada.

Q.
What if the currency I want to send is not listed?
A.

We provide all the most popular currencies. If the currency you are interested in is not shown in the tab ‘Currencies Available’, please call our Regular Payments Team on +44 (0) 1753 751768 to discuss your requirements.

Q.
How is my exchange rate calculated?
A.
The rate you are offered by your dealer will be dependent upon a number of factors including:
  • The amount you’re transferring
  • The currency you’re buying
  • The exchange rates at the time of purchase
  • The exchange rate levels at the time of purchase.
  • The interest rate differences between the two currencies you are transacting.
Q.
Are there any hidden charges?
A.
No. We don’t charge you to send your international money transfers.

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. As part of the service, HiFX provides one free transfer per trade.
Q.
Why do I have to pay a security payment to set up a Regular Payment?
A.
To set up your Regular Payment, HiFX buys your total currency requirement up front. In order to do this, the market requires a deposit as security, in the same way it requires a deposit for trading a forward contract. This deposit is equal to one month’s payment for each year of the contract. The deposit is not a fee and is used for the final payment(s).

Q.
How does HiFX make money?
A.

Like your high street bank we make our money in the difference between our buy and sell prices i.e. the spread. Unlike your bank, we have much lower overheads and buy huge volumes of currency each year, so we can pass these extra savings on to you.

Q.
What payment methods can I use?
A.
HiFX accepts payment of the initial security payment via electronic transfer (i.e. BACS and CHAPS). This initial payment must be made from the same bank account from which the Direct Debit is set up.
Q.
Is my money safe with HiFX?
A.
HiFX Europe Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2009, registration 462444, for the provision of payment services. HiFX Europe Limited is also a registered MSB with HM Revenue & Customs – registration number 12131222

Online Security
HiFX Online uses Norton – the system preferred by 97% of the World’s top 100 banks and 93% of Fortune 500 companies. Norton is also used billions of times a day by companies and consumers across the World.

Security of Funds
When buying or selling currency with us, your funds are held either in pooled client trust bank accounts or are held at one of our counterparty brokers as cash in transit or collateral to meet our obligations relating to clients’ trades. Funds can be used to fulfil the contractual obligations of our clients but will never be anywhere other than:

- In the segregated client accounts
- With our banking counterparties.
- In transit i.e. being sent.

Some additional facts and figures about HiFX include:
Last year HiFX advised on and executed over £9billion in foreign exchange and is trusted by over 40,000 people and 2,000 corporate clients each year around the World.

We have an exceptionally strong balance sheet and no debt. HiFX Europe Limited net assets at 30 June 2013 were £15.1m one of the strongest in the industry. Our accounts are available at

HiFX Annual Report.

HiFX has offices in both the northern and southern hemispheres and a workforce of over 200 employees.

We have in excess of £2billion placed on the Money Markets on behalf of our commercial customers.
Q.
Are my details and personal information protected?
A.
Our online services are fully encrypted using the highest form of security certificates provided by Norton.
Q.
What is HiFX’s Privacy Policy?
A.
We are committed to protecting your privacy both on and offline. View a copy of the HiFX Privacy Policy.
Don’t let the banks cash in on your international money transfers.

Every month we check all main high street bank and building society exchange rates to make sure our overall price (including banking charges, exchange rates and other fees) is better.

Compare us to your bank and we are confident we will not be beaten. A phone call to HiFX could save you hundreds of pounds each year just on international bank charges.

See how much you could save with HiFX:
For example: Lets assume a monthly overseas transfer of £700.00*




High Street Bank
Monthly
Yearly
Transfer fee
£30
£360
Commission
1.5%
£126
Receiving charges
£0
£0
Total charges
£42
£528

Total annual saving with HiFX = £528

*Disclaimer: Figures are for illustration purposes only and may not reflect present rates and bank charges.
**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.

Nuts & Bolts
Recommended Minimum monthly transfer size
£300
Maximum transfer size
No limit
Online Registration
Personal dealer
Telephone dealing
Currencies available
Majority (not THB, MAD and INR)
Service availability
Mon – Thurs 9-7pm, Fri 9-6pm
Security
Norton security
N/A
3d security
N/A
Segregated client accounts
Data protection
Authorised by the FCA
HMRC registered
Fees & Charges
Commission
FREE
Transfer charges
FREE
Transfer Options
Forward Contract
Available to all Regular Transfers clients
Keeping You In Touch
SMS notifications
Email notifications
24 hour online account management
24 hour online payment tracking
Access to daily rates
Access to weekly market commentary
Access to live charts & interbank rates
Access to personal currency specialist
Payment Methods
Direct Debit
Selling GBP(£) up to £3000/month
Bank transfers
Selling GBP(£) greater than £3000/month
Selling USD ,EUR, CAD and CHF
All security payments
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