UK citizens living or setting up a business abroad are facing a financial puzzle, as property values fall, living costs rise and they get a lower exchange rate for their pound.

What's more, the problem could become even worse if they chose to transfer funds via a bank.

UK citizens living or setting up a business abroad are facing a financial puzzle, as property values fall, living costs rise and they get a lower exchange rate for their pound.

USING THE BANKS

Using a bank to take care of transfers and exchanges may seem like the most straightforward option and could be a good bet for smaller amounts.

For anything larger than £1,000 however, it pays to calculate overall costs and decipher the maze of transaction fees charged by banks.

Using a bank to take care of transfers and exchanges may seem like the most straightforward option and could be a good bet for smaller amounts.

£9the minimum transfer charge made by the UK banks and

international payment providers.

This can rise to £25 per transaction

£9the minimum transfer charge made by the UK banks and

international payment providers.

This can rise to £25 per transaction

£9the minimum transfer charge made by the UK banks and

international payment providers.

Some banks even increase their charges for higher value transactions

1.5 million expats individually waste an average of almost £152 annually by transferring money via a UK bank and incurring transaction charges

USING AN EXCHANGE BROKER

They are ideal for larger international transfers or purchases, and can offer a piece-by-piece approach for customers.

Exchange brokers provide an individual service, often offering better rates than banks.

Exchange rates can be 1-3% better than you could get at the bank...

…On a transfer of £50,000 a month, this would save up to £18,000 a year!

Exchange rates can be 1-3% better than you could get at the bank...

Currency brokers can also offer specialist tools and advice, among which include:

Timing of trades

Payment methods

…and flexible payment plans

Here’s what some of our customers have to say:

W: http://www.currencyuk.co.uk

T: 0207 738 0777

A: 28 Battersea Square, London SW11 3RA, United Kingdom

E: info@currencyuk.co.uk