Transfer money to France the right way & save money

When it comes to moving to France or buying a home in France, most of us just don’t have time to sort everything out that we know we should – like setting up an account with a foreign exchange company. But those few minutes it takes to set up an account with Currencies Direct and transfer money to France the right way can save you a small fortune.

Take Ben G. for instance. He accepted an offer to relocate from the UK to France for work for two years, with a view to staying longer. His family were excited but had a lot to do to prepare for the move. Rent out their house, sort out the removals, re-route the post, find schools for the kids and heaps more.

Transferring savings was also on the list. They had £75,000 in their account. A colleague recommended that Ben open an account with Currencies Direct. He gave them a call and spoke to them about his requirements – he wanted to transfer the whole lot and didn’t want to lose money to a bad rate. He also didn’t want to pay any transfer fees for sending his money from one bank to another.

Save money on your currency transfers

Why lose money to bank transfer costs and a poor rate? Why work so hard to just give it away? He opened an account with Currencies Direct which was quick and easy. And since he and his wife agreed that they didn’t need to move the money straight away, they decided to see if the GBP/EUR rate of 1.12 might get better. Their Account Manager kept them informed of the currency movements over the next few weeks by email.

When GBP/EUR hit 1.17 Ben used a forward contract to fix the rate ensuring he could hold that rate – to use when he wanted to transfer the money, not have to do it straight away.

By the time he decided to transfer the money the rate had fallen back to 1.14. When it comes to currency transfers, small fractions can make a big difference. The short time it had taken to open an account and fix the rate gave his family €2250 more for their transfer – and they avoided transfer fees.

Once living in France, they used the Currencies Direct app to move funds to and from France quickly and securely. They also used the Currencies Direct multi-currency debit card to spend like a local in France – and in the UK. The card means you get the excellent rate from Currencies Direct without transfer fees rather than paying constant bank fees.

Currency Transfers to France from around the world

If you’re moving abroad you may need to make currency transfers to cover relocation costs, living expenses, a property purchase or rent. You might also need to arrange the transfer of wages, a pension or other forms of income as well as international school fees or bill payments. Says Calum Harkiss of Currencies Direct “We’re here to help you get the best possible return on these transfers with excellent exchange rates, no transfer fees, award-winning customer support and specialist services and the dedicated support of a currency expert. You can move your money 24/7 online, with their app or if you prefer, talk things through with your account manager. We provide services that allow you to buy funds in advance when the rate’s right or fix and target exchange rates for future transactions. Whatever you need we’ll explain how it works best for you, so you can make the most of your money.”