Busines Foreign Exchange - any recommendations?

[barrettabolt]

I'm just about to pay a supplier in the US a large amount of money and was pondering using one of the many specialist Foreign Exchange companies advertising on the web. It's a six figure sum so I'm figuring the saving over using our bank could well be worth it. Has anyone used a company they'd recommend?

[sa_20v]

Who do you bank with? We've been quite impressed with Barclays, reasonable sized sums exchanged from US and Australian dollars to GBP for £7/month/market (seven figures annually) - I'd imagine you'd see the same figures converting the other way.

Banks aren't too bad at this kind of thing - ring and butter up your account manager tomorrow. Mention how you are tempted to use someone else for your considerable overseas business, and they may well bite!

ETA - double-check the exchange rates.

Edited by sa_20v on Monday 4th August 23:31

[barrettabolt]

Ah, Barclays actually. That's encouraging. I'll beat them over the head and see what rate we can get from them. Thanks for the advice.

[sa_20v]

barrettabolt said:

Ah, Barclays actually. That's encouraging. I'll beat them over the head and see what rate we can get from them. Thanks for the advice.

Anytime.

[Horse_Apple]

barrettabolt said:

I'm just about to pay a supplier in the US a large amount of money and was pondering using one of the many specialist Foreign Exchange companies advertising on the web. It's a six figure sum so I'm figuring the saving over using our bank could well be worth it. Has anyone used a company they'd recommend?

Banks are still much dearer than the specialists, but many of the specialists can be a little 'wide'.

Feel free to PM me if you'd like a contact for a proper quote.