When you’re moving to France or buying a home there, the to-do list is endless, and setting up a foreign exchange account is one of those jobs that easily slips down it. But those few minutes spent opening an account with Forex Transfers can save you a small fortune.
Take Ben G., for instance. He’d accepted a two-year work relocation from the UK to France, with the option to stay longer. His family were excited, but the to-do list was daunting: renting out their house, organising removals, redirecting the post, finding schools for the kids, and plenty more.
Transferring his savings was also on the list, all £75,000 of them. A colleague recommended he open an account with Forex Transfers. When Ben called to discuss his needs, his priorities were clear: move the whole sum without losing out to a poor exchange rate, and avoid the bank transfer fees on top.
Save money on your currency transfers
Why lose hard-earned money to bank charges and a poor exchange rate when you don’t have to? Ben opened a Forex Transfers account in just a few minutes. With no immediate pressure to move the money, he and his wife decided to wait and see how the GBP/EUR rate, then sitting at 1.12, would move. Their account manager kept them updated on currency movements by email over the following weeks.
When GBP/EUR reached 1.17, Ben used a forward contract to lock that rate in, giving him the freedom to transfer the money when it suited him, rather than rushing the deal.
By the time he was ready to transfer, the rate had slipped back to 1.14. In currency, small fractions add up fast. Those few minutes spent opening an account and locking in his rate left Ben’s family with an extra €2,250 in France, on top of the bank fees they’d avoided.
Once settled in France, the family continued using Forex Transfers to move money between the two countries quickly and securely.
Currency Transfers to France from around the world
If you’re moving abroad, you may need to transfer money for relocation costs, living expenses, a property purchase or rent. You might also need to handle ongoing transfers like wages, pensions, school fees or regular bill payments. “We’re here to help you make the most of every transfer, with competitive exchange rates, no transfer fees, and dedicated customer support,” says Calum Harkiss, Business Development Manager at Forex Transfers. “You can move money online 24/7, or talk things through with your account manager. We also offer tools to lock in a rate in advance, or set a target rate for a future transfer. Whatever you need, we’ll explain the options so you can make the most of your money.”
To find out more and open your free account, visit forextransfers.com
