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 to 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
currency audit
for businesses.
FREE
4.9/5
of Halo customers
would recommend
the company to a
friend/colleague.
fromFeefo independent
reviewsite (216 reviews) as
of 28 February, 2014
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