Perfect for those making regular transfers

If you need to make regular payments abroad in a foreign currency then our Regular Currency Transfer Plan could be exactly what you are looking for. Our competitive exchange rates will give you a cost-saving way to convert your currency. The service is commission-free and there are no transfer fees.

To give you the security of knowing exactly how much it will cost you in pounds and how much currency will be transferred, we will fix the exchange rate for you for the duration of your transfer plan. Plus your payments will be collected by Direct Debit, making the whole process simple and hassle-free.

Do you have a mortgage overseas?

This is especially ideal for those who have a mortgage with an overseas lender and therefore need to make payments in a foreign currency on a regular basis. This Regular Currency Transfer Plan allows you to set up the payment of your mortgage today and then forget about it, to run itself, ensuring you get the most out of your money and are sure of the figure that you need to budget for each month to pay your mortgage.

What else can you use the service for?

• Making overseas mortgage payments
• Paying your UK pension overseas
• Paying your UK salary abroad
• Transfers for living expenses
• Transferring rent from a UK property abroad
• Making regular payments to relatives overseas
• Paying monthly installments for an overseas purchase

Whatever your reason for transferring money abroad, we can save you money by providing low cost exchange rates and no transfer fees compared to high-street banks.

What are the benefits?

The aim of the Regular Currency Transfer Plan is to provide you with a hassle-free way to transfer money abroad, whilst saving you money on transfer fees and the exchange rate when compared to high-street banks. The benefits of using our service include:

• Competitive exchange rates
• No commission
• Free transfers
• Transfer plans available from 6 to 24 months ahead
• A fixed exchange rate for the duration of your transfer plan
• Knowing how much sterling to pay and how much currency will be transferred each month
• Payments collected by Direct Debit
• Direct access to a currency specialist
• A global choice of currencies

How much could you save?

This is a typical saving available through the Assetz Currency Service. The amount of currency received from the bank is calculated after the transfer fee has been deducted.

How does it work?

Step 1

Complete the application form and return it to us. Please remember to indicate that you wish to use the Regular Currency Transfer Plan on Section 5 of the application form. You will also need to provide us with a photocopy of the bank statement for the account from which you will be making your Direct Debit.

Once your account has been activated, we will contact you to confirm that you can place your order.

Step 2

Call us on 0117 980 9990 to place your currency order. The exchange rate quoted to you will be fixed for the duration of your transfer plan meaning that both the amount you pay in sterling and the amount of currency paid to you is constant throughout. At the time of placing your order you will need to make a deposit by debit card. Other methods of paying the deposit can be arranged.

Step 3

Once your order has been placed, we will send you a contract note by email, post or by fax. You will need to complete the Direct Debit mandate on the contract note and return it to us. There is nothing more for you to do once you return the Direct Debit mandate.

When your transfer plan is coming to an end we will contact you to see if you wish to renew your contract.

Frequently asked questions

What currencies can you deal in?

We can deal in over 25 different currencies and send money to most countries around the world. Call us on 0117 980 9990 or email us to see if we can help.

How do I pay for my transfer?

You will need to make a deposit by debit card when placing your order and then all future payments are made by Direct Debit. Your deposit can be made by an alternative payment method with prior agreement.

Can I use the Regular Currency Transfer Plan to convert a foreign currency back to sterling?

As we are unable to collect a direct debit from a foreign account, we are only able to offer this service for transfers from sterling to another currency. We can, of course, convert one-off payments from a foreign currency to sterling.

Are there any other costs or charges?

There is no commission and no transfer fees. However, correspondent's banks and your recipient bank may make a small charge to route and receive your funds.

What date will the Direct Debit be collected from my account?

Direct Debits will be taken on the 7th of month, or next working day if the 7th is a non-working day.

When will the ongoing foreign transfer be made?

Onward transfers to your designated bank account will be made 5 working days after the Direct Debit collection.

Is there a minimum monthly amount I can transfer?

Yes, the minimum amount is £250.00.

How much deposit will be required to commence my Regular Currency Transfer Plan?

For Regular Currency Transfer Plans between 6-12 months, two months deposit will be required. For Plans between 12-24 months we will require three months deposit.

Can I cancel my Regular Currency Transfer Plan during the contract?

Any instructions to buy or sell currencies, once accepted by us forms an irrevocable commitment by you to buy or sell in accordance with your instructions. We will endeavour to amend your instruction should your circumstances change with any associated costs being payable by you. To cancel a Direct Debit instruction we must have one calendar month’s notice in writing.

Any other questions?

Please contact us if you have any questions on 0117 980 9990 or email us. You will have direct access to our currency specialists who will explain how the Regular Currency Transfer Plan works and answer any questions you have on foreign exchange.