Regular Payment Plan

Automate your regular overseas payments saving yourself time and money

Whether you are in the process of buying your property in France, or you have already made the purchase, you may need to make a number of overseas payments. Timing is crucial when you are buying a large amount of Euros – and trading at the right time will mean your money goes a lot further. With exchange rates fluctuating constantly, it is of course better to buy or sell currency when rates are in your favour.

Moneycorp, the foreign exchange and international payments specialist, strive to make currency transfers as easy and cost-effective as possible. The Regular Payment Plan (RPP) is specifically tailored for transactions like mortgage payments and salary transfers. A number of frequencies are available, ranging from weekly to annual and there’s even the option to fix rates for a set period of time.

With the Regular Payment Plan you will benefit from an exceptional rate of exchange, low transfer fees and no receiving bank charges, saving you money on each and every transfer.

There are three transfer options available, which give you the flexibility to choose your payment schedule.

Option 1 – Fix the Sterling amount
You’ll know how much Sterling will be debited from your account for each transfer. The amount of Euros you receive will vary according to the exchange rate at the time of transfer.

Option 2 – Fix the Euro amount
You’ll know how many Euros will arrive in your overseas account every time. The amount of Sterling debited from your UK account will vary according to the exchange rate at the time of transfer.

Option 3 – Fix both
You’ll know exactly how much Sterling will leave your UK account and how many Euros will arrive in your overseas account. (Option 3 is available for a period of between 6 and 24 months.)

Benefits include:

• Highly competitive exchange rates
• No commission.
• We will absorb any international transfer charges*
• Low transfer fees
• Flexible frequencies (ranging from weekly to annual)
• Premium service option for same-day or next-day transfer
• Ability to fix exchange rates for a set time period
• Direct access to our dedicated team of experts

How do you register for the Regular Payment Plan?

Click here to open a Trading Facility, or to find out more or call +44 (0) 20 7589 3000.

* When making an international payment, we will ensure that the full amount arrives in your beneficiary account. However, due to the Payment Services Regulations 2009, we cannot guarantee that the bank receiving your funds will not then deduct a fee once the money has been deposited. We suggest that you contact the beneficiary bank for clarification on potential charges.