Why use Currencies Direct?

With more and more of our customers buying property overseas, particularly in the Spanish resorts, Currencies Direct feels it is essential that they are well looked after during every stage of the purchasing process.

Part of that process involves the exchange and transfer of funds to cover the cost of their new home. Our aim is to make that process as efficient and cost effective as possible.

Currencies Direct has developed relationships with the following major Spanish banks and negotiated special banking arrangements to save our customers even more money by avoiding extra, unnecessary charges.

• Grupo Banco Popular
• Banco Popular Español
• Banco de Andalucía
• Banco de Crédito Balear
• BankInter
• Solbank
• Cam Bank
• La Caixa
• Cajamar
• Banco de Valencia (Torrevieja branch)

When transferring funds to Spain, through Currencies Direct to our banks, our customers are guaranteed:

No Receiving Charges for funds transferred through Currencies Direct to any of the banks mentioned above.

Free Telegraphic Transfers for any transaction over £5,000 when transferring funds to any of these banks.

At Currencies Direct we pride ourselves in exceeding the expectations of our customers. And with offices in Puerto Banús (Costa del Sol) and Torrevieja (Costa Blanca), Currencies Direct is always on hand to provide on-the-spot service and assistance to our customers in Spain.

Transfer procedure explained

Question What are the benefits?

Answer: Clients can benefit from obtaining and securing rates over the telephone without the inconvenience of placing a deposit on account prior to an order being accepted. This service is available to any client upon satisfactory completion of the C urrencies Direct Commercial Currency Agreement, submission of two valid forms of identification, and subsequent written confirmation of an account access code.

Question How can I guarantee a premium service?

Answer: Once your order has been executed, you will receive faxed confirmation in the form of a contract note for your approval. To secure and guarantee your rate you are required to sign and fax back the document immediately as the markets are renowned to be volatile and timing is therefore of the essence. Your contract note will confirm all the relevant details of your requirements which will include rates, cost, currency reciprocals etc . Currencies Direct will offer a swift, effective and secure route for all your foreign currency payments.

*It is important to note that even if the exchange rate moves adversely between execution and settlement - your rate is guaranteed.

Question How are my funds protected?

Answer: All client funds are deposited with either Regulated Financial Institutions or major London clearing banks, governed by the Bank of England. Further documentation is available upon request.

Question What about onward payments?

Answer: To release funds to satisfy your requirement, C urrencies Direct will facilitate the transfer of funds to either a recipient bank or the beneficiary in the UK or overseas, by either foreign currency draft or telegraphic transfer. This costs £15 to anywhere in the world, but we will pay this fee if you send over £5000 to Spain.

Currencies Direct request information form

Question What makes Currencies Direct so different?

Answer: We focus exclusively on foreign exchange, continually investing in leading edge technology and evaluating our operational procedures to ensure that you receive an unmatched level of quality service. C urrencies Direct is renowned for its risk management strategies and foreign exchange quotes. Our service enlists full utilisation of market instruments designed to maximise the beneficial strategies in obtaining better rates of exchange. However, we recognise that each client may have different requirements and objectives and in this respect we tailor our service to accommodate your individual needs.

In addition to spot transactions, Currencies Direct offers clients two types of forward contract:

• Fixed Forward - A fixed forward is a non-speculative contract and is an agreement established between C urrencies Direct and their client, to secure an agreed rate of exchange today for a currency to be bought or sold for a future specified date. The rate of exchange is guaranteed irrespective of adverse movement for the duration of the term. Contracts can be negotiated from three days to eighteen months ahead.

Open Forward - An open forward is similar to a closed forward, except that open forwards have a fixed period to the final maturity date. During this period the client can opt to settle all or part of the forward contract to make part payments or draw against the contract.

To register, just print out this Registration form and fax to Currencies direct at 0034-965707969

Terms and conditions apply - Read them here