Why use a currency specialist instead of my bank?
GC Partners says it offers more competitive exchange rates than high-street banks, along with currency services designed to help manage cost and market movements. Banks often build fees into each stage of a transfer, so the full cost is not always obvious.
How much could I save?
GC Partners says clients typically save between 1 and 4 percent, covering bank charges, receiving fees and commissions, plus a better exchange rate. Your savings will depend on the amount, currencies and timing, so ask for a quote before you decide.
Is there a minimum transfer?
GC Partners states that transfers can start from $250 upwards. Please confirm the minimum for your currency directly with GC Partners.
How long does a transfer take?
GC Partners says most transfers complete within 24 hours once your account is set up and your funds have cleared, and sometimes faster depending on the destination.
Is it safe?
GC Partners is a UK company authorised by the Financial Conduct Authority (FRN 504346) and registered with HMRC as a Money Services Business. It states that client funds are held in segregated accounts.
What are spot, forward and limit orders?
A spot deal sends your money now at the current rate. A forward deal lets you lock in a rate with a small deposit, which suits a delayed completion or stage payments. A limit order buys automatically if the market reaches the rate you set.
Does Smart Move Italy provide the transfers?
No. Transfers are provided by GC Partners. Smart Move Italy introduces you to them because many of our clients need to move money to Italy, and we recommend you compare any provider.