Edley Smith, a Trainer for a Trade Union in the UK, and his partner Lynne were looking for a holiday home in sunny Albufeira, Portugal. Somewhere they could escape the British weather, where they could enjoy their downtime abroad with the potential to become their home if they decided to make the move from the UK to Portugal permanent.

During their property search Edley and Lynne dealt with a number of estate agents and found that many of them recommended Foreign Currency Direct, so they decided to contact us when the time came to transfer the funds for their Portuguese property purchase.

Why Edley and Lynne exchanged foreign currency

Edley and Lynne needed to transfer Pounds to Euros and send the money from the UK to Portugal to fund a property purchase. This was the first time they had ever completed a currency transfer and were understandably apprehensive about transferring a large sum of money. ‘It was the first time we’d sent money abroad and we were a bit nervous, but our account manager Daniel explained everything very clearly and set our minds at rest regarding security. We had heard of Foreign Currency Direct from a few estate agents so that made it slightly less daunting’.

Probably the easiest financial task I have ever undertaken. It was quick, simple and the process was slick. I expected at least one problem, I get more trouble going into my local bank!

With an exact amount of Euros required and the timing crucial, Edley and his partner were looking to get the best exchange rate and for the funds to be transferred directly to their lawyer following confirmation. ‘The transfer to our lawyer in Portugal was so fast. We got an email from the lawyer later that day saying that the money had arrived’.

What Edley and Lynne had to say about their experience

Following the introduction by their estate agent in Portugal, Edley and Lynne used Foreign Currency Direct to convert their Pounds to Euros. After the transaction Edley said, ‘Probably the easiest financial task I have ever undertaken. It was quick, simple and the process was slick. I expected at least one problem, I get more trouble going into my local bank!’

Edley and Lynne then went on to say, ‘Without your help and support our Portuguese property purchase could have cost us many thousands more than it did. Everyone we spoke to was helpful, courteous and understanding, and did everything possible to get us the best exchange rate’.

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