Payingtoomuchforcurrency?
Around85%of individualsandbusinessescouldbe losing thousands
of poundsbyusingahigh street bank to transfer funds
David Johnson,SeniorAnalyst
at currency
specialistHaloFinancial hasmonitored trends
in thecurrencyexchangemarkets forover two
decadesandhasconcluded that far toomany
businessesand individuals leave it tochance
whenmakingcurrency transfers. “Mostpeople
trust theirbank tooffer them thebest exchange
rateandareunaware that theycanachieve
significant savingsbyusingaspecialist currency
broker likeHaloFinancial.Highstreetbanks
regularlychargeup to5%over thepublished
interbank rate (the rateof interest chargedon
short-term loansmadebetweenbanks) whilst
Halowill chargearound 1%andoften less.Ona
£200,000 transfer thiscouldequate toasaving
of£8000byusinganFCAauthorisedcurrency
broker suchasHaloFinancial rather thana
bank. Inadditionahighstreetbankwouldonly
normallybeable to transact thereand then.
HaloFinancial canset afixed rate for youup to
twoyears in the future enablingclients tosave
thousandsmoreoncurrency transfers.”
Witha largenumberof currencybrokersactive
in themarket, howdoyouknowwhichones
tochoose? “Alwaysmakesure that abroker
isauthorisedby theFCAandhasasignificant
track record. If youwant apersonal service
chooseacompany that is largeenough to
copeandsmall enough tobelieve incustomer
service. It’sdifficult toget theVIP treatment if
youare littlemore thananaccountnumber and
dateof birthbeingprocessedbyacall centre.”
DirectorofRegattaDesignerClothesLinda
Lovegrovesays, “Iwas recommended touse
HaloFinancial in2004anddiscovered that
theywereable tosavemesignificant sumson
each transactionandhelpmanagemy future
currency requirements. It’s reassuring tohave
apersonal consultantwhounderstandsmy
business. Iwould thoroughly recommendHalo
toanybusinessor individual.”
Fora freeno-obligationconsultation,
call +442073505474.
Orvisitwww.halofinancial.com/ezj
currencyaudit
forbusinesses.
FREE
4.9/5
ofHalocustomers
would recommend
thecompany toa
friend/colleague.
fromFeefo independent
reviewsite (223 reviews) as
of30November2014
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