Business Money Transfer
Business money transfers – find the best exchange rates with us
In a globalised business world, there are many reasons why your company may need to transfer money abroad. But unless you can find a great foreign exchange deal, international business money transfers can be costly.
Compare Money Transfer can help you keep these costs down by finding the best business exchange rates. We are the first foreign exchange comparison site to hit the internet and we only list FSA registered brokers.
Our information and comparison tables provide you with all the details you need to make an informed choice for your organisation, including live exchange rates and transfer charges for businesses.
You can save hundreds of pounds on your international money transfers with us, and if you’re sending large sums of money abroad, the savings could even run into thousands.
Why carry out a business money transfer?
Business money transfers may be appropriate in a number of circumstances. If you’re based in the UK but have an international presence, you’ll need to exchange funds from one currency to another for several reasons.
For example, if your business has expanded overseas you may need to buy a commercial property in another country, so a one-off transaction will be needed for the purchase.
You may then need to make regular business payments abroad to cover operating costs such as rent and bills.
Similarly, if you are dealing with overseas suppliers, you’ll need to make regular business money transfers to pay for your goods and services in your supplier’s national currency.
Other reasons for transferring business funds overseas include paying staff wages abroad, funding sales and marketing campaigns and paying for overseas consultancy services.
Getting the best business currency rates
Poor business currency exchange rates could have a negative impact on your bottom line, particularly if you are making large corporate money transfers on a regular basis.
High street banks offer business money transfer services, but rates can be poor and fees high. Working with a specialist currency broker can therefore be a better option for companies.
Foreign exchange brokers buy and sell large amount of currency, which means they’re able to offer highly competitive rates, and many charge no fees for sending money abroad.
Spot rate contracts are the most common type of conversion and are suitable for one-off payments. A broker will agree a business exchange rate with you and conclude the payment quickly.
They can also fix exchange rates for up to two years using forward rate contracts. This means you can budget for your business money transfers and avoid fluctuations in exchange rates, which is an attractive option if you’re making regular overseas payments.
How can Compare Money Transfer help your business?
Compare Money Transfer provides detailed information on FSA registered business money transfer services in the UK to help your organisation root out the best deals for your circumstances.
Your international transactions can be made as easy and cost effective as possible when you go through the right broker, whether you’re a brand new start-up or an established company that’s been trading abroad for many years.
Our comparison tables show you which money transfer specialists offer the best rates, margins and fees, and which companies can send your money abroad the fastest. You can make online applications direct from our site.
We also offer a Rate Watch service that lets you keep track of change in exchange rates. Sign up now and set your target rate, and we’ll let you know when this rate is available.
To find out more about our business money transfer comparison service and how it can help your organisation save money, complete our online form and we’ll call you back.