Regular Payment Plan

Automate your regular overseas payments saving yourself time and money

Whatever your reasons for making regular payments, whether it’s to make repayments on your overseas mortgage or transfer property maintenance funds abroad you can rest assured that Moneycorp will make it simple.

You can wave goodbye to poor exchange rates, high transfer fees, overseas bank charges and lengthy delays.

The Regular Payment Plan (RPP) has been developed to save you time and effort and, as always, to save you money. Your peace of mind is assured, because you can forget about your international payments while Moneycorp make them happen.

Moneycorp doesn’t charge commission and guarantees no receiving bank charges, so you’ll save money. And their better rates of exchange will give you even more to spend. They offer free information and guidance on the markets, helping you decide on the best time to buy your currency.

The Regular Payment Plan is fully automated and takes the hassle out of regular overseas transfers. Your sterling is collected by Direct Debit and the foreign currency automatically sent to your overseas bank account. No other product offers this level of service or flexibility.

The RPP is also ideal for:

• Mortgage payments
• Salary transfers
• Property maintenance payments

Three options for transferring your regular payments.

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

Option 2 – Fix the foreign currency amount
You’ll know how much foreign currency 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 much foreign currency will arrive in your overseas account (Option 3 is available for a period of between 6 and 24 months.)

How to arrange your RPP

To set up a Regular Payment Plan you need a Moneycorp Trading Facility. If you already have one, give us a call on +44(0)20 7589 3000. We’ll run through the options and set everything up over the phone.

If you do not have a Moneycorp account, simply click here to open one online. Alternatively, you can call them on +44 (0)20 7589 3000 or use the call back facility and they will do just that.

Don’t forget to inform Moneycorp that you’re a Holiday Lettings client.

Opening hours: 7:30am - 10:30pm, Monday to Friday and 10am - 4pm on Saturday.