Buy Foreign Currency
Whatever your requirements for buying or selling foreign currency, FCD can help you save time and money. You can see our main services on this page, or contact us for more information.
If you need to send a lump sum overseas, we can provide a dedicated account manager to take care of all aspects of your transaction. Saving up to 4% against typical rates offered by high street banks can make your transaction significantly cheaper as well as stress free.
We offer Spot Contracts for settlement within 2 working days and immediate transmission to the bank account you specify, or Forward Contracts to fix an exchange rate for the future (for example when a property completion is scheduled for a few months' time). By using a forward contract you will know how much sterling you will need for a future requirement in a foreign currency, meaning your payment will not be subject to exchange rate fluctuation in the interim - sometimes saving a small fortune!
One off payments are subject to a £15 transfer charge, unless they are over £50,000 in which case you have one free overseas transfer per transaction. You will need to open an account to receive live exchange rate quotes and place an order over the phone.
If you have a Euro mortgage in France, Spain or Portugal, our Regular Payment Plan is a fantastic way to minimise the monthly sterling cost. For payments of £300 or more, we offer free transfers and guarantee no bank charges as well as a commercial exchange rate for your payment each month. You can set up a simple standing order from your UK bank to us, and there are no deposits to pay or contracts to sign.
To set up a facility without any cost, click to open an account. Payments are processed on the 7th and 21st each month and will take a couple of days longer to arrive than using our "One Off Payments" service.
If you are selling your overseas property and need to bring currency back to the UK in sterling, we can help. Different countries have different processes so please discuss your circumstances with your account manager before making any arrangements. You can use our experience and market knowledge to avoid any expensive mistakes - maximising the amount of sterling you receive back in the UK. If you need to change money from one foreign currency to another, we can also help.