Posted by Oliver Meredew on October 19th, 2018.
Whether you’re just starting out, an SME owner looking to expand or a large business going international, your business may need to deal with currency transfers.
The world of business is a complex one and things only get trickier when currency conversion and exchange rates are thrown into the mix.
Thankfully, TorFX is here to help you get to grips with your international money needs, so keep reading to discover all the ways that your business can benefit from using our services.
One of the simplest ways you can boost your business is by benefitting from our highly competitive exchange rates and securing the best possible return for your international transfers.
This means that you’ll have more capital left over to invest elsewhere or spend on company development.
As well as being extremely competitive, TorFX’s exchange rates don’t come with any hidden fees or add-on transfer costs.
One of the hardest things about managing currency transfers is knowing when to act and timing them effectively – a good exchange rate one day might have completely reversed a day later.
While we can’t predict exactly how exchange rates might move, we do provide regular market updates of all the latest currency news to give you a good picture of how things could develop.
In addition to our news site (which is updated several times a day) we’ll deliver updates straight to your inbox so you have all the insights you need to make an informed decision about your transfer.
With us you also have the option to set rate alerts. Simply let us know what exchange rate you want to achieve and we’ll send you an alert as soon as the market reaches that level.
In the digital age, the convenience of making online currency transfers is often occumpanied by security concerns.
However, with us customers can be confident that their funds are in safe hands. We’re authorised by the FCA, operate segregated client accounts and hold the highest level of creditworthiness with Dun & Bradstreet.
Security is our top priority when handling business transactions, and we always do our utmost to give you peace of mind.
We recognise that convenience is key in being able to transfer funds for your business, so (while you can make transfers of any amount with your Account Manager) you can also use Business Online to exchange up to £100,000 24/7.
We also offer a range of currency services that can be tailored to suit individual requirements.
While Spot Contracts are a quick, convinient way of making immediate transfers, Forward Contracts allow you to ‘lock in’ exchange rates up to two years in advance of a transfer, which protects your money from negative market movements.
Market Orders, meanwhile, allow you to set worst-case and target exchange rates, so you can defend your transfer from a sudden drop in exchange rates or take advantage of a positive market movement.
If you’re not sure how to approach your company’s currency requirements, our Business Team are on hand to help. Our currency experts offer a business health check, where they review your current approach to international payments, identify areas where you could streamline processes and manage risk, discuss which currency transfer options would best suit your business requirements and create a bespoke international payments plan for your business.
We can also help when it comes to business funding – we’re partnered with Funder Finder, a portal for accessing a wide range of funding options.
TorFX is ready to help your business go from strength-to-strength, so get in touch today if you would like to talk about your requirements.
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