Regular International Payments

If you make several international money transfers to the same bank account each year, then setting up recurring international money transfers with UKForex might be good idea. It's easy and will save you time and money. Take advantage of our great exchange rates and flexible set up options to accommodate your specific needs.

What are the different types of recurring payments?

Fixed Regular Payments

This is best suited for people who have a fixed amount of money that needs to be transferred regularly (bi-weekly, monthly, quarterly) such as mortgage payments. The exchange rate remains the same for all payments, removing any exchange rate risk.

Example: You are working overseas in the USA and need to pay off your British mortgage each month. The amount you have to pay to your mortgage provider is fixed and you would also like to fix the amount that you pay each month in USD.

Non-Fixed Payments

This is best suited to periodic money transfers that are not fixed. The exchange rate is not locked in upfront with this option.

Example: You are temporarily living in Australia and want to send AUD2,000 of savings back home to the UK every month.

Tip: You have the flexibility to switch from a non-fixed payment plan to a fixed payment plan depending on your needs.

Frequently Asked Questions about Recurring Payments

Examples of regular currency payments:

  • Overseas mortgage payments
  • Transfer pension abroad
  • Foreign salary transfers
  • Overseas school fees
  • Debt repayments
  • Savings repatriation

With UKForex regular overseas payments, you don't have to worry about your transactions every month. Simply set up a transfer plan that suits your needs and leave the rest to us!

Features and benefits:

  • No establishment or transfer fees
  • Low minimum amount of GBP500 per payment
  • Full transparency of rates and payments
  • Cost and time effective
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