Paying toomuch for currency?
Around 85% of individuals and businesses could be losing thousands
of pounds by using a high street bank to transfer funds
David Johnson, Senior Analyst
at currency
specialist Halo Financial has monitored trends
in the currency exchange markets for over
two decades and has concluded that far too
many businesses and individuals leave it to
chance when making currency transfers.
“Most people trust their bank to offer them
the best exchange rate and are unaware that
they can achieve significant savings by using a
specialist currency broker like Halo Financial.
High street banks regularly charge up to 5%
over the published interbank rate (the rate of
interest charged on short-term loans made
between banks) whilst Halo will charge
around 1% and often less. On a £200,000
transfer this could equate to a saving of
£8000 by using an FCA authorised currency
broker such as Halo Financial rather than a
bank. In addition a high street bank would
only normally be able to transact there and
then. Halo Financial can set a fixed rate for
you up to two years in the future
enabling clients to save thousands more on
currency transfers.”
With a large number of currency brokers
active in the market, how do you know
which ones to choose? “Always make sure
that a broker is authorised by the FCA and
has a significant track record. If you want a
personal service choose a company that is
large enough to cope and small enough to
believe in customer service. It’s difficult to get
the VIP treatment if you are little more than
an account number and date of birth being
processed by a call centre.”
Director of Regatta Designer Clothes Linda
Lovegrove says, “I was recommended I use
Halo Financial in 2004 and discovered that
they were able to save me significant sums on
each transaction and help manage my future
currency requirements. It’s reassuring to have
a personal consultant who understands my
business. I would thoroughly recommend
Halo to any business or individual.”
For a free no-obligation consultation,
call +44 207 350 5474.
Or visit
KEY FACTS
currency audit
for businesses.
FREE
4.9/5
of Halo customers
would recommend
the company to a
friend/colleague.
fromFeefo independent
reviewsite (213 reviews) as
as of 30November, 2013
P R O M O T I O N
