Below are two case studies of real people who have used international money transfer brokers (TorFX in this case) to save them money and make sure they make currency exchange savings:
A Case Study of a Business International Money Transfer
Safety Glove Manufacturer
One of our longstanding corporate customers operates in the manufacturing sector, managing the production of safety gloves for various industries. They’ve been using TorFX to manage their monthly foreign exchange requirements since 2010.
The company has to make EUR and USD transfers on a monthly basis in order to purchase raw materials and repatriate earnings from finished products.
Before the company started using TorFX, their bank was taking over 2% per transaction. By using our services Tornado have saved approximately £155k in fees alone.
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A Case Study of a Consumer International Money Transfer
Paul and Lyn
Paul and Lyn moved from Hertfordshire in the UK to Kangaroo Valley in Australia in 2004. They’ve been using TorFX to manage their currency transfers since 2015, and over the years we’ve helped them send funds to their son in the UK and manage their pension payments.
‘We set up a monthly transfer to our son’s bank account with TorFX and saved on the fees our AU bank and my son’s UK bank would have charged. We’ve been very happy with the service, guidance and friendly contact we receive from TorFX and have recommended their services to other expats in Australia.’
Paul and Lyn were also due to make a substantial GBP/AUD transfer but delayed after the UK’s vote to Brexit weakened the pound. Now we keep them updated on the latest exchange rate news so they can move their money at the right time.
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