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Is this the right solution for me?

The Currencies Direct telegraphic transfer is an electronically transmitted payment, with funds generally being available to the beneficiary within 24 hours. An additional benefit to both payee and recipient alike is the ability to track payments, just as you would with an overnight delivery service.

A telegraphic transfer also lowers transaction costs. An international payment sent in sterling typically flows through several correspondent banks - (banks that have a working relationship with the recipient bank)- and fees can occur at each step of the process.

A Currencies Direct telegraphic transfer is likely to reduce associated banking fees because sterling is converted to the beneficiaries currency before the TT is sent; therefore the currency passes directly to the beneficiary’s bank.

It also fixes the exchange rate ahead of time, thereby establishing the currency amount paid to the beneficiary and the sterling cost to your business.

Currencies Direct telegraphic transfers are available in over 40 currencies.

Also known as a TT, International Wire Payment, Wire, RTGS Payment Issue.

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