Regular payments
There are many other reasons for making regular international payments too. Maybe you’re paying an overseas mortgage, transferring your pension payments into your overseas bank account, maintaining a property abroad, supporting your child while they study overseas, or working abroad and sending money back home.
Whatever your circumstances, we can convert to and from virtually any currency on your behalf, quickly, reliably and securely.
Watch our 60 second video to see how we can help
Minimise your risk
We’ll find you the best prevailing, or spot rates. We can also fix the rate for up to three years using forward contracts, so you’ll know exactly how much you’ll end up with every month.
We also offer many other ways of minimising your exposure to fluctuations in currency values. Have a look at our Foreign Exchange Services section for more information.
Making regular payments
These are examples of how we can help…
Mr Anderson retired and went to live in France. He was receiving a monthly UK pension of £1,500.
He had two choices. Either he could arrange for us to transfer his money at the best prevailing rate every month – or he could fix the rate for all his transfers for up to two years.
Mr Anderson decided to fix the rate for 12 months so that he’d know exactly what was going to arrive in his French bank account every month.
In May 2010, we fixed his exchange rate at 1.1745. Mr Anderson paid a deposit to secure the rate.
We automated the transfer of €1,761.75 a month, so once he’d set up a free standing order with his bank, Mr Anderson could relax in the knowledge that his euros would arrive promptly in his French bank account every month.
The savings
Transfer charges
For regular payments, we offer free euro transfers to EU countries. So Mr Anderson saved £336 on transfer fees alone. His bank would have charged him £28 for each transfer. We didn’t charge anything.
Exchange rate
Mr Anderson wasn’t offered a fixed exchange rate by his bank, but based on the exchange rate of 1.1451 offered on a one-off transfer, he calculated that he saved an average of £38 per transfer – saving him a total of £456.
In total
Over 12 months, Mr Anderson received €930.20 (£792) extra from World First than he would have received from his bank.
| World First | Bank | |
| £1,500 a month | @€1.1745 / £1 | @€1.1451 / £1 |
| Total euros | €1,761.75 | €1,717.65 |
| Fees | £0 | £28 |
| Saving per month | €77.52 (£66) | |
| Saving over 12 months | €930.20(£792) |
Call us on 0800 542 7488, or +44 20 7801 1050 to find out more and see how we can help. Alternatively arrange for us to call you back.
