Moneycorp and Solbank
Tuesday, February 16th, 2010Returning money back to the UK Moneycorp announce a new collaboration with Sol Bank which can save expats, who are selling their properties and moving back to the UK, thousands of Euros.
When selling your property and using Moneycorp, in conjunction with Sol Bank, to move your money back to the UK, you can benefit from favourable foreign exchange rates, reduced bank fees and a range of services not offered by your bank. Returning money back to the UK is not complicated but you should bear in mind that:
• Exchange rates are constantly fluctuating – so knowing when to trade is crucial.
• In Spain, banks can charge up to 1% of the value of your transfer.
• Legal issues, which differ from country to country, can be confusing and costly.
• People often repatriate funds to the UK, believing they will make a profit, only to lose money unexpectedly on the exchange rate and fees charged by banks.
Our repatriation service addresses these issues Making international transfers with Moneycorp is faster, more cost-effective and more convenient than using your bank.
Our experts will monitor the currency markets on your behalf – achieving the best possible rates of exchange. You will benefit from free guidance on the currency markets, 0% commission and drastically reduce Spanish bank fees.
When returning €200,000 back to the UK the saving could be as much as £4,500.
If you choose Moneycorp, you will benefit from:
• Highly competitive exchange rates
• Expert market guidance from a dedicated Account Manager
• No commission
• Fast transfers
• Greatly reduced Spanish bank fees
• The ability to fix exchange rates for a set time period, helping to protect you from adverse currency movements
• No cost and no obligation to open a Trading Facility Fact Sheet If you would like to receive our Repatriation Fact Sheet please e-mail clarisse.musslewhite@moneycorp.com or call 687 932 472.
