Regular overseas payments

If you need to make regular overseas payments, with Currencies Direct you can set up a payment plan which will send the money directly into the nominated account, with a simple Direct Debit system. Whether you’re paying your mortgage on a holiday home, settling regular expenses abroad or transferring your UK pension, we’re here to help you out every step of the way.

Regular transfer plan

Whatever your circumstances, our free regular transfer plan will make managing your regular overseas transactions easy, and is designed to be simple to set up, allowing you to reap the benefits as soon as possible.

Set up your account today

To set up your regular transfer plan, simply open an account and indicate the amount that is to be paid. Still have questions or queries? No problem, just give us a call on +44 207 847 94 00 and we'll be happy to help.

Pay less, receive more, it's that simple. Whether you are paying your mortgage, transferring your salary or pension from the UK, or settling regular expenses in another country, we provide a service with all the benefits you need:

  • Zero transfer fees
  • No commission
  • Low monthly amounts allowed
  • Automatically transferred into your nominated account
  • Flexible if you need to change dates or amounts
  • Totally secure as we are FCA regulated

It’s so simple to set up and you’ll never need to worry about your regular payments again.

What is the minimum amount that can be transferred?
You can send as little as £150 monthly or quarterly
What is the maximum amount that can be transferred?
On regular transfers the maximum amount is £4999. For transfers above this quantity we recommend you speak to your dealer.
Can I change the date of my regular transfer?
Yes, as long as you send an email 7 working days in advance. Email us on regulartransfers@currenciesdirect.com.
When do the funds leave my account?
We request the direct debit one day before the set up date, it will show as a debit on your account on the 2nd or 3rd day after the set up date and we receive funds within 4 working days. Once we have cleared funds in our account we transfer to your nominated account within 24-48 hours.
If I know when I need the payment overseas, what date do I need to set up transfer?

You need to leave 10 working dates to ensure the funds are received on date required. You also need to work within the set transfer dates (see below)

Example: If you want funds in an overseas account on the 1st of the month you need to select the 20th as your set up date.

What dates can I establish regular transfers?
1st, 5th, 10th, 15th, 20th or 25th these are set up dates but not date it arrives at destination. You need to add 7-10 days to these dates to calculate when it will be in your overseas account.
Can I change the amount?
Yes, simply send an email to regulartransfers@currenciesdirect.com at least 7 working days before your set up date.
Can I cancel regular transfers?
If you find that you no longer require the regular transfer please send an email at least 7 working days in advance of your set up date to regulartransfers@currenciesdirect.com.
Can I phone you with amendments?
No, we have to have all amendments and cancellations in writing.
Can you set up a regular transfer based on a quantity of foreign currency?
This can be easily done and is used by many clients who have to pay a set mortgage or community fee in another currency. The amount debited from your UK account would fluctuate based on the exchange rate on the set up day.
What rate will I receive?
You will receive the commercial rate of exchange on the date we attempt the direct debit which is one day prior to your set up date. The rate is fixed on this date and doesn’t change while we wait for funds to clear.
Will I receive commercial rates?
Yes, all regular transfers benefit from commercial rates of exchange.
Are there charges?

No, there is no charge to use this service even if you transfer the minimum amount of £150.

There can be charges levied by the receiving banks. Unfortunately we cannot predict what these charges will be.

In order to prevent charges on US regular transfers we strongly recommend that you provide us with the ABA Routing number as well as account details so the funds go straight into your nominated account rather than via an intermediary bank who will deduct charges.

Can I fix the rate?

If your regular payment is to be made in euros we do offer a fixed rate service which gives you complete security regarding the quantity of funds that will be received.

This service is only available for set up dates of 1st or 15th. The minimum amount is £500 per month and the rate is fixed for 6 months. If you are interested in this service please contact the regular transfers team for more detailed information.

If you need to make regular transfers to another country whether these are monthly or quarterly, the Currencies Direct Overseas Regular transfer plan offers you a completely free service.

Many Brits have retired to sunnier climates and find the regular transfer plan the ideal service for transferring their pension to their new country of residence every month.

Those who have purchased a second property abroad find the Quarterly transfers useful for charges such as mortgages, community payments, electricity, maintenance charges and living expenses.

Regular Transfers can be set up for a wide range of currencies which cover most of the countries where we find our clients are likely to settle.

The following currencies are available:

GBP – EUR (Euros) GBP - AUD (Australian Dollars) GBP - ISL (Israeli Shekel)
GBP – NOK (Norwegian Krone) GBP - THB (Thailand Bahts) GBP - LTL (Lituanian Litas)
GBP – TRY (Turkish Liras) GBP - CZK (Czech Koruna) GBP - PHP (Philippines Pesos)
GBP – SEK (Sweden Krona) GBP - MUR (Mauritius Rupee) GBP - KES (Kenyan Shillings)
GBP – DKK (Danish Krone) GBP - AED (United Arab Emirates Dhiram) GBP - BGN (Bulgarian Lev)
GBP – CHF (Swiss Francs) GBP - MAD (Moroccan Dhirams) GBP - PLN (Poland Zloty)
GBP – USD (US Dollars) GBP - SGD (Singapore Dollars) GBP - HKD (Hong Kong Dollars)
GBP – NZD (New Zealand Dollars) GBP - EGP (Egyptian Pound) GBP - GIB (Gibraltar Pound)
GBP – ZAR (South African Rands) GBP - YEN (Japanese Yen) GBP - INR (Indian Rupees)
GBP – CAD (Canadian Dollars) GBP - HUF (Hungarian Forint)  

Please note all regular transfers are calculated from the base currency of GBP. If you would like to make transfers from different base currencies you can use our online system iPayFX to do so, or call the dealing desk.

If you have monthly or quarterly payments to make in another country, Currencies Direct will set up a regular transfer plan for you and you’ll never need to worry about the payments again.

Firstly you need to complete the form, which indicates the amount you want paid. You will also need to provide us with a UK bank account from which the funds will be debited and the account details where you want the funds to be transferred. It is important to provide us with as much information about the international accounts as possible.

Select a date for the set-up of your transfer – this is not the date the funds will arrive in the international account. The following dates in any month can be selected: 1st, 5th, 10th, 15th, 20th or 25th. We will apply to debit your account the day before your set-up date.

Once you have completed this paperwork you need never worry about your payments again!

At Currencies Direct we have thousands of clients who recommend us to their friends and family members because we make international payments easy. We pride ourselves on a jargon-free service; explained step-by-simple step by our friendly team.

Please contact our regular transfers team if you want to find out any information at all about how to set up a regular transfer plan. They’re ready to answer all your questions. You can email them on regulartransfers@currenciesdirect.com or call them on 020 7847 4000.

You may want to take a look through our frequently asked questions section which we have developed with the help of questions from clients just like you who need to make monthly or quarterly payments abroad.

Use our savings calculator to see how much you could be saving by switching to Currencies Direct now.