We are committed to offering a fair deal. As an alternative to the High Street banks and many other providers, we provide the most competitive rates of exchange coupled with secure and prompt settlement services. We can offer advice and guidance tailored to meet your specific requirements. Our employees are professional foreign exchange practitioners with extensive knowledge and experience of the retail and commercial foreign exchange markets. You will be assigned a dedicated dealer who will work with you on your transactions from your initial enquiry through to settlement.
For banknotes, small drafts and small transfers we accept cash, debit card, cheque (five working-day clearance) or direct credit to our segregated client account. For large transactions we normally require funds to be paid into our segregated client account but also accept debit and credit cards. Your dealer will be able to advise you.
We do not charge commission on banknotes, transfers or drafts. However we charge the following for cards :
There is a flat fee of £10.00 for international payments which is waived on amounts of £30,000.00 and over.
We predominantly use World Pay to process our card transactions. World Pay is a safe, secure and trusted organisation that process over 26m transactions every day. Like us, World Pay operate in a highly regulated sector, and this gives us peace of mind that our money and your information is not at risk.
Yes. Security is our priority. City Forex does not speculate nor deals with clients that speculate. Thus we are not exposed to adverse exchange rate movements. In addition, all client funds are held in a segregated client accounts with Barclays Bank plc or with Royal Bank of Scotland plc. For more information go to our ‘Peace of mind’ page (link).
No. Some clients need to transfer larger amounts for commercial transactions or overseas property purchase. Others have different requirements such as sending small amounts to friends and family abroad or for converting income or paying a foreign currency mortgage. We cater for all needs.
When arranging a transfer we will normally agree a settlement date and we will pay funds to your account on the agreed date as long as we are in receipt of your cleared funds. If your funds arrive before the agreed settlement date we will always endeavour to make the transfer on the same day.