More currency for your money
Banks and brokers can make a lot of money when they sell you currency.
You send funds in one currency and they return less* in another currency.
How much less depends on the amount you are changing but it can be up to 4% (excluding travel money which can have a mark-up of up to 15% at airports)*.
We reduce our profit margin on the exchange rate and pass the savings on to you (minimum transaction size £5,000).
Show me the money…
Let’s assume that you are changing £50,000 into euros.
If the “market rate” is 1.12 and your bank offers you 1.09 they will make a hidden “profit” of 2.7% or 1,500 euros. That 1500 euros is your money.
We would also take a profit but it would be around 0.5% or 280 euros – five times less.
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