If you’ve retired abroad and need to send your pension to your local bank account each month, CurrencyFair can help you avoid losing money to bank fees and unfair exchange rates.
There are a number of services available from CurrencyFair that can help smooth your move overseas, as well as save time and money once settled in, these include:
- Converting regular or lump sum pension payments
- Relocation and setup expenses
- Buying or selling property abroad
- Foreign currency investments
- Sending money to family and friends, paying for birthday gifts etc
CurrencyFair customer, Alan Collier-Parker, moved to France and has called upon the currency exchange services to help smooth things over.
"When retirement came along, and now living in France permanently, it meant a much lower income and the need to 'watch the pennies'," he said.
"Our pensions are still paid in the UK and we found the Nationwide was zero cost to take money from our account when overseas. This was cheap, but to get a reasonable amount of money each month it meant a number of visits to the cash point because of personal card limits being set.
"Nationwide stopped the facility so it was necessary to find an alternative cost effective regular cash transfer method. A friend who was in the same situation found CurrencyFair, which seemed to us to be the best way to send money to another country."
The CurrencyFair team helped with the set up of the account and have been extremely helpful to some of Alan's less internet capable friends who have taken advantage of the service as well.
"We have used CurrencyFair for a number of years now. Whether we transfer monthly or ad-hoc, the service remains fast and efficient," he said.
"We get clear and timely notification of transactions. We are very happy with the very low fees we are charged for any transaction (€3 each time), and are very pleased with the exchange rates we get. We’re also quite surprised at just how fast the transfers are completed."
Find out more on how CurrencyFair works and how it can save you money, and also how their handy recurring payments feature works – perfect for repeat transfers like a pension.