Halo Financial Review

 

Introduction

Halo Financial offers a simple, four-step international money transfer with additional benefits, including:

  • Dedicated foreign currency advisors for each customer
  • Competitive exchange rates on international money transfers, overseas property purchases and more
  • Gold Merchant Status and a nearly five-star independent customer service rating
  • Low minimum transaction limits and no maximums
  • Buy and sell majority of popular freely tradable foreign currencies
  • Safe, secure money transfers and currency exchanges backed by FCA authorisation

 

 

Fee: ? No Fees for transfers over 5,000GBP
Bank Partner: ? Barclays
Speed: ? 1-3 days
Country Notes Regulated in the UK. Numerous currencies and countries available.
Local settlement: ? UK
Transfer methods ? Phone and online transfer services
Regulated By: ? FCA
General Notes Over 900 independent reviews 4.9/5. Award-winning dedicated customer service and excellent exchange rates.

The pros and cons of using Halo Financial

pros

Certified, experienced consultant assigned to every account

Simple account registration process and instant approval

Low fees on smaller transactions and no maximum transaction limits

Award-winning customer service

Trades in most global currencies

cons

Some accounts require £250 monthly minimum transaction

30 second limit for online exchange rate quotes

Cash and credit card payments not supported

Halo Financial

 

Halo Financial Products for Individuals

Individual account holders can begin using Halo Financial for international money transfers almost instantly, with new account registration completed in minutes thanks to a simple, four-step process. Once the individual account has been activated, users can initiate money transfers at significant savings compared to other currency exchange platforms. One-off and recurring payments are supported, as well as spot trades, automated transfer orders and forward trade contracts.

Each account holder is assigned a dedicated currency consultant, tasked with helping customers find and secure the best exchange rates on international money transfers, choose the appropriate payment type and notify users when desired exchange rates have moved in their favour.

Trades and transfers can be set up via email, by post or through Halo Financial's easy-to-use online platform. Payment and beneficiary details can be saved to a customer's account, creating a template for faster, simpler future transactions that can be requested over the phone. Depending on the specific currency involved in the transaction, payments will post on the same day in some cases or as soon as the next business day.

Registered users can transfer international payments over £5,000 for free and a flat £15 fee applies to amounts less than £5,000. Halo Financial does not charge set-up or commission fees on any transaction.

 

Halo Financial Products for Businesses

Halo Financial takes the guesswork out of international money transfers and currency exchange for businesses with its personalised service. Each account receives a designated currency consultant to help secure favourable rates, set up recurring payments and book forward sales to lock in exchange rates. This helps business users save money and better control costs on international money transfers.

Currency exchange is available in most popular global currencies, including USD, GBP, EUR, CAD, AUD, NZD, HKD, SGD, JPY, ZAR and many more. There is no advance deposit required to secure a transaction, though client funds are held in FCA-regulated segregated transaction accounts so all funds are safe and protected.

Businesses can work with their personal account consultant to receive notice of favourable exchange rates or sign up for email rate updates, so there is no need to constantly monitor the markets.

 

About Halo Financial

Halo Financial is a London-based foreign currency company, established in 2005. The firm has been fully regulated by the Financial Conduct Authority and has grown to become one of the UK's leading currency exchange brokers. Halo is a recognised industry authority, regularly contributing expertise and insight on domestic and international financial television and radio, in magazines and newspapers, online and in leading trade publications.

Halo Financial offers award-winning customer service with a near-perfect independent client rating. Halo has been awarded Feefo Gold Merchant Status for four years in a row, and has also received recognition from the Best Business Awards, Overseas Property Professional magazine and Relocate magazine.

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£ 0.00 Avg. Saving vs. Banks ?
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Rates From The Average UK High Street Bank

Est. 1934

Banks are the most expensive way to do an international money transfer, the quotes from the providers above show you the typical savings that can be made. All providers on FXcompared.com are regulated in the UK  by the FCA, in the USA by FinCEN, In Canada SSC and Australia, ASIC.

We check all rates regularly and this quote is an actual quote of the average from UK banks for this month. It includes all major and small banks. Lloyds, Barclays, HSBC, Santander, NatWest, RBS, Coutts, Handelsbanken, Metro bank and more - tracked every month. We obtain our rates via our IMTI platform.
 

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FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.