Foreign Exchange for Business Trading

Situation

An IT firm has recently opened a subsidiary office in India and each month needs to send money to India to cover operating costs including wages. The company finds that not only is it time consuming to arrange these transfers each month but their bank charges for the service and also makes the transfers at a very uncompetitive rate.

Solution

Currencies Direct offers an overseas regular transfer service for business clients. This service simplifies the whole process of making regular transfers by utilising a Direct Debit that simply takes the specified amount each month from the companies account and transfers it at the best possible exchange rate to the nominated beneficiary. In addition there are no charges involved.

Outcome

By using Currencies Direct overseas regular transfer service the Finance Director at the IT firm is able to sit back and relax safe in the knowledge that each month their account in India will be credited with the necessary funds to pay their staff and other operating costs.