Better Exchange Rates Than the Bank!

International Money Transfers

Cover the cost of your relocation by saving money on your overseas transfers.

Relocating can be a daunting affair. That’s why here at Seven Seas Worldwide we have teamed up with foreign exchange experts moneycorp, to help save you money on your overseas transfers and make that part of your journey a little bit easier.

moneycorp can save you up to 4% against the high street banks on your overseas transfers; their team of experts can also help you buy your currency at the right time, helping to reduce the impact of exchange rate fluctuations – saving you even more money.  This is why we’re buddies with them.

By using moneycorp you will benefit from:

  • Bank-beating exchange rates – up to 4% better
  • Free expert guidance at the end of the phone – for hassle-free transfers
  • Transfer any amount over the phone or online – make your money transfer at your convenience 
  • Safe and secure services – regulated and authorised by the FCA
  • Discounted Travel Money - discounted exchange rates at major UK airports with the moneycorp Starcard

Registering with moneycorp only takes a few minutes – it is completely free and carries no obligation to use the service. Click here to register

moneycorp-register.jpg

Have a look at the FAQs and see how they can help:

How do I purchase currency?

Easy. Once you have set up your account, which is free and places you under no obligation to trade, you will be able to buy currency over the telephone or using moneycorp online 24/7, which means you can even do it in the middle of the night, while you are on the phone to Australia to arrange other aspects of your big move.

How do I pay for my currency?

After booking an exchange rate, you will need to transfer funds to your client account. The easiest and quickest way is by CHAPS - no, not the article of fashionable clothing for horse-riders, the Clearing House Automated Payment System - or BACS (Bankers’ Automated Clearing Services). Once your cleared funds are received, your currency will be transferred to the account of your choice.

Will my fund be safe?

Security is as important to us as it is to you. moneycorp has been trading since 1979. They are authorised and regulated by the Financial Conduct Authority for the provision of payment services and customer funds are safeguarded in segregated client accounts. So, you can rest assured that your money is in safe hands.

Can I hold for a particular rate?

Of course. You can instruct us the moment the rates change to your desired level or let us do the hard work for you. We can put an order in the market, which will automatically secure your desired rate should it hit. Just make sure you are realistic about the rate you are looking for and be prepared to play the waiting game – which is essentially not as much fun as other games. Like Scrabble.

What if the rate is good now but I don’t need to move yet?

You can fix an exchange rate for up to two years, using a specialist exchange tool called a ’forward contract’ . This enables you to fix the current exchange rate for a transfer that happens up to two years in the future – allowing you to budget ahead with confidence. Simply book an exchange rate and send your dealer a deposit - usually 10% of the contract value. The 90% balance of your currency contract is payable when you wish to have funds transferred overseas.

Now did you follow all that? Hope so. If there’s anything you’re not sure about, give us a call.