Relocating for Work:
Transfer Money Abroad
If you’re relocating for work, you’re likely to be embarking on a new adventure but there’s a lot to think about. You’ll need to think about moving your possessions, maybe selling your car and purchasing a new one and even purchasing a new home. Whatever it might be, you’re going to need to think about how to transfer your money abroad.
While you might think that this is a simple process, it is one that requires expertise. Opting for a sub-standard money transfer service or even relying on your own bank could result in problems and you might even lose or spend more money than you need to. Instead, choosing a provider like NewbridgeFX, means you can make fast, secure international payments and protect your money with risk management solutions.
Relocating for Work:
Key Factors
Speak to a specialist at NewbridgeFX who can guide you through the process of relocating for work, and transferring your money securely.
Why You Need A Professional Service
Whether you are transferring all of your money or part of your savings overseas, you’ll need to consider the currency you are moving to. One of the most important factors here is the foreign exchange market and having insight and expertise in this can make a huge difference to the entire process.
Markets are forever changing and shifting, and the exchange rate can cause a currency fluctuation between your current currency and the new currency. Therefore, there are risks associated with transferring money overseas. This can include losing money through something as simple as making a decision at the wrong time.
Along with this, you’ll also need to make sure you don’t overspend on fees. Banks are known to be the most popular choice for those relocating overseas because of the simplicity of being able to approach their bank and going through the process. However, banks can often be costly and money transfers can take longer than expected. Instead, relying on an international payments expert such as NewbridgeFX provides you access to competitive rates, low fees and an easy-to-use online platform for managing your account and your money.
Relocating for Work:
Considerations
Money Transfer Services
It’s imperative that you make your money work as hard as possible for you. Using foreign exchange specialists, you’ll be able to take advantage of insight and gain a clear understanding of the markets, helping to mitigate risks that are associated with transferring money overseas.
With our money transfer services, you’ll benefit from first-class support and market monitoring that will enable you to make an informed decision when you make a money transfer. One shift in the wrong direction could see you lose thousands of pounds, but one shift in the right direction could result in your money increasing – it’s the ability to monitor and identify the currency fluctuation that enables you to avoid negative impacts on the Foreign Exchange markets.
There is also the potential to lock-in exchange rates using forward contracts instead of, or alongside the securing the spot rate – something that you might not benefit from when turning to a high street bank.
Using our expert money transfer services, we will provide you with access to a wealth of knowledge that you can trust and rely upon. Your money transfer is seamless, quick and efficient, ensuring you take action at the right time.
NewbridgeFX can help you to transfer money abroad when you’re relocating for work by offering a fast, efficient and secure service. For further information on how NewbridgeFX can help please contact us.
FAQ:
Working Abroad
Answer
Yes, you can transfer your savings to one of our supported currencies, and our specialists will ensure you get the best rate and service possible
Answer
You can set up an account and provide our bank account details to your clients. Funds received are then allocated to your multi-currency account. From here you can convert the funds to your chosen currency and send the payment to your nominated bank account, all fee-free
Answer
Yes, your payroll department can send funds to your multi-currency account held with NewbridgeFX. Once received you can convert and send funds to your personal bank account in any currency and country we support
Answer
Yes, speak with one of our specialists who can help you manage funds sent from many sources. The multi-currency account provided can receive funds from many sources worldwide which you can either store for future use, or convert and send to your own account
Products:
Manage Risk
NewbridgeFX offers a specialist service in the deliverable foreign exchange market, promoting a range of products and services, available online or over the phone. Our products have been designed to meet the needs of our clients when sending money overseas, and are ways for businesses, and individuals, to manage and mitigate currency risk.
Spot Contract
Lock in an exchange rate to settle immediately. Funds can be received the same day for most currencies.
Forward Contract
Lock in an exchange rate today, but for settlement at a later date that suits you, up to 12 months in the future.
Market Order
We monitor the markets real time and take action to trade between currencies when your desired rate is achieved.
Rate Alerts
Set an alert for phone or email notification when a rate has been achieved to take advantage at the best time.
Benefits:
NewbridgeFX
Multi-Currency Account In Your Company Name
Receive funds from your customers in to your own named collection account, using one account number for all currencies, or a local in-country account number still in your company name.
Create And Manage All Your Beneficiaries
Add and manage your beneficiaries, perform bank account validation & verification checks as you enter your beneficiary details & bulk upload multiple beneficiaries via a CSV file.
Make Fast & Secure Payments To Over 200 Countries
Real time Swift and Local payments are settled the same day, for most currencies, within minutes of processing. Live GPI Payment tracking capabilities allow you to keep updated on the payment status.
Multi-Currency Balances
Hold multiple currencies and access balance information in supported currencies. Receive, convert, send and move money between your multi-currency accounts without making payments.
Convert Over 100 Currencies, 24/7, Using Multiple Devices
We provide informative, up to date market news, including updates on currency movements, upcoming economic events and announcements that impact the foreign exchange market.
Real-time Reporting And Tracking
View and track all conversions, payments and incoming funds using our online platform, and receive email notifications when funds have been received, conversions processed and payments released.