Foreign Currency Direct can save you money and provide you with a more personal and efficient service than your bank. They are a foreign exchange specialist. This means that the volume of currency trades and lower operating costs allows them to pass significant savings onto their clients. At Foreign Currency Direct, Aidan Kilvington is the main contact who will ‘hold your hand’ through the whole procedure from start to finish. One of the key factors to making significant savings on your currency exchange is timing. Aidan can keep you informed of market activity which could enhance your savings further.

Once you have opened an account, for which there is no cost or obligation, you are in a position to secure rates by telephone. If we offer you a rate which you accept we will immediately fax, email or post confirmation of the contract. You may email or return by fax or post the onward payment details of your currency as a section of the contract note allows this.

For the major currencies (GBP, EUR, USD, AUD, JPY) same day and next day transfers are to be expected. Foreign Currency Direct uses priority SWIFT method for all transfers which quickest and safest way to transfer funds worldwide. As with all bank to bank transfers, the time it takes to receive the funds in the beneficiary account is also dependent on the receiving financial institution which can sometimes cause delay. With this in mind, we are the only company to provide an IPD (Irrevocable Pament Document). This is a globally recognised proof of payment.

Our rates are based on live 'interbank' prices (the price at which one bank sells to another). These are aggregated from a number of sources and are quoted in real time. As we do not have expensive branches to maintain, we are able to offer more competitive prices than are typically quoted by the high street banks and building societies.

By personal or building society cheque , or by CHAPS payment to the account details on your contract note. Payment is required within two working days in the case of Spot Contracts and deposits for Forward Contracts. The balance of Forward Contracts should be received no later than the maturity date of the contract. Sadly, we are unable to accept payments in cash.

On occasion, due to unforeseen circumstances, plans change. In the case where you have secured a Forward Contract but find you will no longer require to take delivery of the currency at the maturity date, you may sell the contract back to the market.

Yes, an exchange rate can be fixed for up to 2 years in the future. This means that you can determine exactly how much you need to spend on a future purchase without having to worry about fluctuations in exchange rates. This type of contract is called a called a Forward Contract. Please contact Foreign Currency Direct for more details.