With TorFX, sending monthly business payments overseas to pay for employees, products, services, overheads or other business costs is cheaper, quicker and generally less hassle than using a high street bank service. The table below compares UK high street banking services with TorFX, showing the lowest monthly transfer amounts, together with the minimum term offered for the broker or bank:
|TORFX||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to EUR||£250||1 DAY||0.7%||€1.16||FREE QUOTE|
|EUR € - to GBP||€250||1 DAY||0.7%||£0.85||FREE QUOTE|
Euro Transfer currency exchange rates are automatically updated daily (Monday to Friday) at 09:00 GMT.
*Note: Commission fees are based on the bank or broker’s standard method of transferring money overseas to other currencies (example: GBP to EURO / EURO to GBP).
For businesses who transfer regular amounts overseas to make payments in the euro or other popular European currencies, using a currency broker like TorFX is a money saving decision if your monthly transfers exceed £500. For smaller amounts you’ll have to continue using a local bank service.