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SMART CURRENCY EXCHANGE
Smart Currency Exchange
        
Smart is the only UK foreign exchange that doesn't pay traders any commission. Smart is therefore able to offer good customer service, avoid a conflict of interest, and give bank-beating foreign exchange rates to clients. Smart has been in business for 5 years and have gone from strength to strength delivering excellent service, minimising hassle from money transfers and currency fluctuations; and using currency exchange strategies that banks won't tell you about to save you even more.
Locations: UK
Forward ContractsRegular Payments
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Advantages
1. Save Money – on every international transaction you can save money by speaking with Smart’s experienced traders. Smart could save you up to 4% compared to your high street bank. That's £40 on every £1000 transferred or £400 on every £10,000 transferred.
2. Eliminate risks from currency fluctuations – by fixing a rate today for up to a year, you can make sure that your money won’t lose value from exchange rates movements.
3. Excellent service – all Smart employees are dedicated to deliver excellent customer service. Our no commission environment allows everybody at Smart to deliver service, rather than trying to make money for themselves.
4. Security – Smart is authorized by FSA and regulated by HM Revenue & Customs. Smart is a member of UK Money Transmitters Association. All funds are held in client accounts with our banking partner, Bank of Ireland.
5. No fees – Smart doesn't charge any fees on amounts above £3,000 (if below a fee of £5.00 applies)
6. Fast International Payments – Smart will send your money to any overseas destination within 48 hours of receiving funds.
7. Free account and use of all our currency accounts – your Smart account is free of charge and you can use it to receive payments from overseas. Therefore here is no need to have your own EURO account if you need to receive a EURO payment.
8. Free no obligation quotations – you can contact Smart and get a quotation any time. Your bank will not offer you a live rate quotation and usually direct you to their fixed tourist rate.
Disadvantages
1. You can't use Credit Card to pay for your transaction.
2. We only accept Bank to Bank transfers.
3. No cash transactions.
4. £5.00 on EUR transactions below £3,000
5. £15.00 on USD transactions below £3,000
Terms and Conditions
See website for details.
Additional Services
Spot Contract – buy a currency at today’s rate and pay for it within next two days. This option is available for all amounts, regular payments and one off payments.
Forward Contract – buy a currency at today’s rate and pay for it later. This option is available for larger amounts, regular payments and one off payments.
Rate Watch – your personal trader will watch the market for you and contact you when the market reaches the desired rate. This option is available only for larger amounts (+£20,000)
Order To Buy – your personal trader will buy a currency for you as soon as the market reaches the desired rate. This option is available only for larger amounts (+£50,000)
Regular Payments – majority of our clients are benefiting from better rates and make regular transfers. For regular payments such as salary, mortgage and pension we can fix a rate for up to a year guaranteeing the same amount of money every month.
Transfer and Currency
Transfer Options:
UK Bank to Foreign Bank or anything else
Transfer Speed:
1 Day for EUR and USD, 2 Days for other currencies
Minimum Exchange: £500
Currencies Available: 27 Accounts
Trust Accounts: BANK OF IRELAND Trust Accounts
Costs, Rates and Fees
Margin: 1%
Margin Explained: 0.1% - 1% based on the amount, type of contract
Fee: £0.00
Improved FX Rate with Larger Volume: Yes
Online Registration: Yes
Regulation
FCA Regulated: Yes
HM Revenue & Customs Regulated: Yes
        
REVIEWS
Smart Currency Exchange (Which Way To Pay - 6/6/2011)
Smart Currency Exchange is ranked 4 out of 5. Based on 1 review.

4 Star Rating

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Apply for Smart Currency Exchange
Apply for Smart Currency Exchange