It is possible you may have to make regular payments overseas. Premier FX has various options available to you to protect against exchange rate fluctuations, making it easier for you to budget. Our products will reduce the cost of sending one off payments and the hassle of trying to remember to send them!
Once you have established how much you need to send each month we will set up a payment plan for you. We will give you one exchange rate for the whole period so you can relax in the knowledge your money will cost exactly the same each month.
Once we have received your money we will send the currency to its destination, useful if you are paying a Euro mortgage or you receive a Sterling pension but live abroad for example. We can set up a standing order for you so you have control over sending the money, you know your money will be sent each month to us and your currency will be paid on time. Naturally each time we do this we will confirm the trade with you.
We do not hold onto your funds. Your currency is sent to it’s destination within 48 hours of receiving it, regardless as to what date we receive it as we do not have set dates for sending regular payments. Towards the end of your plan we will contact you and discuss all the options open to you should you wish to arrange further regular payments.
Pensions
If you have decided to retire abroad it is possible you will need to convert your pension on a monthly basis from Sterling into another currency. Movements in exchange rates will mean you will not know how much currency you will receive each month. Premier FX can arrange a contract up to 2 years forward to guarantee you the same amount of currency each month.
It is possibly the case that you monitor the exchange rate between say Sterling and the Euro and there will be an occasion when you would like to lock in a particular attractive rate. This is possible through Premier FX enabling you to both take advantage of this exchange rate and giving you peace of mind that you will receive the same amount of currency on a monthly basis.