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Investment Times

10 years of saving clients millions on their international payments

| 18 November 2016 | A A A
10 years of saving clients millions on their international payments

No recommendation

No news or research item is a personal recommendation to deal. All investments can fall as well as rise in value so you could get back less than you invest.

We launched the Currency Service in 2006 to help our clients save money on foreign exchange when making international payments. A decade later and we have helped tens of thousands of clients transfer billions of pounds of currency to over 70 countries worldwide.

Over the years, we estimate that we have saved our clients over £40 million by providing better exchange rates than the high street banks.

We continue to make improvements to our highly rated service, and have recently launched our Online Currency Service to make international payments quicker, easier and lower-cost than ever before.

If you need to send money abroad, you can find out more about the service and open a free account online, or by calling our team of currency specialists on 0117 311 3257 (Mon-Fri, 8am-6pm).

How can we help whilst the pound is weak?

The pound has had a torrid time since the EU referendum. Sterling has hit lows versus the US dollar not seen since 1985, along with the weakest rate in over five years against the euro. In the immediate aftermath of the Brexit vote, the pound recorded its biggest one-day drop for more than 40 years.

Having previously used banks to send money overseas I decided to try Hargreaves Lansdown’s Currency Service after it launched. Since then I’ve not looked back.

The online service is straightforward, comprehensive and easy to use. I like that when I am offered a currency deal I see the rate I will be getting upfront, yet I am under no obligation to accept it. The staff I spoke to over the phone to arrange the forward contract could not have been more courteous, efficient and helpful.”

Graham Smith, Suffolk

With this weakness in the pound, it’s more important than ever to make the most of your money.

On average, last year we saved each client £1,600 on their currency requirements compared to using a bank. Anyone can take advantage of our competitive exchange rates which can be up to 3% better than the high street banks. It couldn’t be easier to save thousands - you can use our online service, or our friendly currency specialists are on hand to help over the telephone.

You can also use Hargreaves Lansdown to fix the exchange rate for a future payment that you need to make. Fixing the exchange rate therefore fixes the cost of your currency.

We’ve helped many clients over the years. Our services could be of interest if you are:

  • Bringing money back to the UK
  • Buying and selling overseas property
  • Receiving monthly overseas mortgage or pension payments
  • Paying international invoices and bills
  • Sending money to friends and family
  • Working abroad
Find out more about the HL Currency Service

Save thousands by using the HL Currency Service

As a FTSE 100 currency specialist, we provide fast and secure international money transfers and offer highly competitive exchange rates and lower transfer fees than banks.

Here are just some of the benefits that you could take advantage of:

  • Competitive exchange rates - up to 3% better than a bank
  • No hidden fees - and no commission
  • Low transfer fees - no charges for online transfers above £3,500 (£5 below)
  • No minimum transfers - deal online from as little as you like
  • Financially secure - FTSE 100 specialist currency broker

Find out more about the HL Currency Service

Important information

The information in this article and guide is not intended to be advice or a recommendation to buy, sell or hold any of the currencies mentioned. No view is given as to the present or future value or price of any currencies.

The Hargreaves Lansdown Currency Service is a trading name of Hargreaves Lansdown Stockbrokers Limited, which is a wholly owned subsidiary of Hargreaves Lansdown Plc, One College Square South, Anchor Road, Bristol, BS1 5HL. Company Registered in England & Wales No. 1822701.

Hargreaves Lansdown Currency Service is provided by Hargreaves Lansdown Stockbrokers Ltd which is authorised by the Financial Conduct Authority (FCA) as a Payment Institution under the Payment Services Regulations 2009. The Firm Reference number is 149970. You can look this up on the FCA register website. The marketing of the currency service is not regulated by the FCA.

The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.