Regular Overseas Payments Do you need to transfer money overseas on a regular basis? A regular overseas payment plan is an extremely cost effective and simple way to transfer money abroad, and is aimed at customers who need to transfer between £250 and £10,000 on a regular basis. Regular Overseas Payment plans are suitable for : Mortgage payments Living expenses Pension transfers Salary transfers Property maintenance costs Using a specialist will enable you to obtain extremely competitive exchange rates on your transfers, saving you an average of 3% compared with exchange rates offered by high street banks. The other benefits of using a specialist are : No commission Free transfers (saving clients up to £360 per year in transfer costs alone compared with a high street bank) Dedicated account manager Peace of mind

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The TorFX regular overseas payments scheme is perfect if you have regular currency transfers to make, but don’t want to spend time buying currency and arranging payments from your bank. Whether it’s to cover a foreign mortgage payment, a pension transfer, living expenses or any other reason, TorFX can save you money both on the exchange rate, and by eliminating costly bank transfer fees.

Two of the most common uses for regular overseas payments are pension transfers and mortgage payments, examples

Pension Transfer

Mr Allen lives in France, but his pension is paid into his UK sterling account monthly. He used to have to arrange a monthly transfer through his bank, accepting uncompetitive exchange rates and a £30 transfer fee.  Then he set up a Regular Overseas Payments plan with TorFX.  By completing a standing order form, his pension is now transferred direct from his UK account to TorFX, who convert it into euros at a better exchange rate, and send it to his French account free of charge.  "Over the last year, I've saved around £750, £360 of that on transfer fees alone..... and I've also saved a lot of time and hassle!"

Mortgage Payments

Julia lives and works in the UK, and has a holiday home near Javea in Spain.  She took out a euro mortgage to buy the property, and pays euro instalments each month.  A regular overseas payment plan was the perfect way to make sure she didn't miss a mortgage payment, as well as offering significant savings on each transfer.  TorFX take her sterling payment by debit card on the same day each month, and transfer the euros straight to her Spanish account.  There are no fees, and the exchange rate is up to 5% better than the bank's.
  All you need to do to establish a monthly transfer is open a TorFX account online, set up your standing order (or have payment taken from your debit card monthly) and let TorFX do the rest.  We will transfer your fixed sterling amount into currency each month and ensure it reaches its destination in time to meet your requirements.