Regular payment plan

Automate your regular overseas payments saving yourself time and money

Take a deep breath and relax; you no longer need to check your diary or telephone your bank to check that your monthly overseas payment has been made. You don't need to worry about the exchange rate that you will get and if enough money will arrive to cover your obligations at the receiving end.

Whatever your reasons for making regular payments abroad, perhaps to make repayments on an overseas mortgage, or to receive your pension in your new home country, 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. It pays to use the experts.

Moneycorp has developed the Regular Payment Plan 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 we make them happen. Each and every month.

Using Moneycorp, you will benefit from:

• A great rate of exchange, low transfer fees and no receiving bank charges, saving you money on each and every transfer
• Conveniently automated payments made by Direct Debit, removing the inconvenience of having to arrange individual payments through your bank
• A clear payment schedule detailing exactly when payments will be made

The Regular Payment Plan is flexible enough to accommodate your chosen payment schedule and may be customised further to suit you, offering the following three transfer options:

Option 1 - Fix the monthly Sterling amount to transfer
Using this option, the Sterling amount that you transfer remains the same each month, while the foreign currency amount that you receive varies according to the exchange rate at the time of transfer. This option would be suitable if you have a fixed amount of Sterling to transfer each month; a pension, for example.

Option 2 - Fix the amount of foreign currency you receive each month
This option allows you to fix the amount of foreign currency you receive in your overseas bank account each month. A variable amount of Sterling will be debited from your UK account each month, according to the exchange rate at the time of transfer. This option guarantees that you will meet your fixed monthly payment obligations in your destination country each month, such as mortgage repayments on an overseas property.

Option 3 - Fix the exchange rate for all your payments
If you fix the exchange rate for all of your future payments, you will know exactly how much Sterling will leave your UK bank account each month and how much currency will arrive in your overseas account. This option enables you to predict and plan both the amount you send and the amount you have to spend at the other end.

This option is available for payments between 6 and 24 months in the future.

If you already have a Trading Facility with Moneycorp, you can download a registration form now.

If you do not have a Trading Facility open, simply click here to open one online. Alternatively, you can call us on +44 (0)20 7589 3000, send us an email or use the call back facility and we will do just that.

We operate extended opening hours (Monday to Friday 07:30am to 10:30pm and Saturday 10:00am to 4:00pm) so you can contact us at a time convenient to you.

For answers to some of the questions you may have, please see the following frequently asked questions and our response.

Frequently asked questions

How much does the Regular Payment Plan cost?
To most destinations, payments made under the Regular Payment Plan cost just £4. Payments to other countries cost £8. These represent excellent savings on individual transfer fees.

How can I arrange my Regular Payment Plan?
If you already have a trading facility with Moneycorp, all you need to do is complete a registration form and Direct Debit mandate and return these to us. As soon as we receive them, we will contact you to set up your plan.

If you do not have a trading facility with Moneycorp, you will need to open one. You can do this online and it should take no more than a few minutes. Please click here to open your trading facility and here to register for the Regular Payment Plan.

How often can I make payments under the Regular Payment Plan?
The plan allows you to make monthly payments to your overseas bank account(s), anywhere in the world.

When will my funds be debited?
You can choose which day funds will be debited each month and we will continue to follow this schedule until you advise us otherwise.

What currencies are available?
We can send money electronically anywhere in the world, in local currency, under the Regular Payment Plan or as a single or series of single payments, whatever currency you require.