The Regular Payment Plan

Our Regular Payment Plan will be of great help to you if you have regular currency transfers to make. Such transfers might include overseas mortgage payments, pension payments, montly management costs or any other regular currency transaction.

The Regular Payment Plan offers you three simple payment options. Whichever you choose, you will always receive an excellent rate of exchange and enjoy the convenience of making payments by Direct Debit as opposed to arranging individual payments through your bank.

• Fix the Sterling amount that you transfer each month. With this option the currency amount that you receive in your overseas bank will vary according to the rate of exchange at the time of each transfer.
• Fix the currency amount that you receive. Know exactly how much currency you will receive in your overseas bank account, with the Sterling amount debited from your UK account varying according to the exchange rate at the time of each transfer.
• Fix the exchange rate for all of your transfers. By fixing the exchange rate, you will know how much in Sterling you will pay and how much currency you will receive in your overseas bank account. This option is available for periods of between 6 and 24 months.

How does it work?

The Regular Payment Plan is flexible to suit your needs. Your regular payments will be paid to Moneycorp by Direct Debit. Moneycorp will then arrange for all currency transfers to be made to an account specified by you. Moneycorp will not debit your account more than 5 working days before the value date of your currency payment. Please note that the minimum monthly transfer amount is £250.

How much will it cost?

The only charge for this service is a £4 transfer fee for each transfer made on your contract.

Bank receipt charges are eliminated. We guarantee that our clients will not pay any bank receipt charges when sending funds abroad*. This guarantee applies regardless of the amount being transferred or to which bank.

*Should a client incur such charges, Moneycorp will refund them in full.

How do you register for the Regular Payment Plan?

Registration is both quick and easy. Simply open a Trading Facility with us. A member of our team will then call you to discuss the service with you in more detail.

Should you require any further information, please use our call back facility.