Bank or Broker – Who Offers you the Better Deal?

If you need to move money overseas, you could have an opportunity to save money by using a specialist transfer provider, or broker.

We have partnered with TorFX in order to help our customers enjoy the benefits of using a currency broker as opposed to transferring currency through a bank.

So what are the benefits?

• Brokers are currency specialists: you can rest assured that experts are supporting you to get the most out of our money
• More competitive exchange rates: Securing a great exchange rate could mean the difference of thousands on larger transfers
• No transfer fees: While most banks charge transfer fees, providers like TorFX offer fast, free transfers
• Dedicated support: Some currency brokers employ account managers, who are exchange rate experts, to offer invaluable market insight and help you pick the best time to make a transfer
• Risk management: some brokers offer a number of risk-management options, like forward contracts, so you can protect your transfers from erratic exchange rate movements
• From regular overseas payments to one off sums, a broker can help your business get to grips with your currency transfers and make your money go further

Whether you’re clued up about currency or clueless, the foreign exchange service provided by TORFX helps you get to grips with your currency transfers and make your money go further.

Why Choose TorFX?

TorFX are an award-winning international currency transfer provider who offer a wide range of foreign exchange services.

As currency specialists with a stand-out reputation for first-class customer care, TorFX were voted ‘International Money Transfer Provider of the Year’ seven times between 2016-2022 at the Consumer Moneyfacts Awards and have also taken the top accolade of ‘Best Customer Service’ four times – beating more than 100 other companies across 24 categories.

Their rate improver guarantee, fee-free transfers and personal approach to account management mean that you can get the most out of every currency transfer.

TorFX are also authorised by the FCA and operate segregated client accounts, so you can rest easy in the knowledge that your funds are in safe hands.