 |
 |
Buy Euros Online with Hello Currency |
 |
| |
| Learn how to save up to 4% when you buy Euros or sell Euros |
| |
If you need to buy or sell Euros using another currency then there are several ways to complete this transaction. Many people ask their bank to make the currency conversion and wire the funds. This seems a logical approach until you work out how much the bank will charge you to perform this task. Typically the bank will charge you between 1.5% and 4% of the amount transacted. They skim this amount off the transaction by hiding the charge in the exchange rate. In addition they will charge you £25 or equivalent to wire the funds internationally.
Example: You need to buy 27,000 Euros. Your bank gives you an exchange rate of 1.3050 and you pay them £20,690. However, your bank buys your 27,000 Euros in the wholesale currency market for for £19,862 and pocket themselves £827. In addition they charge you £25 pounds to make the international payment against the real cost which is pennies. Most customers are completely unaware that they have just paid a huge hidden premium in the exchange rate as well as paying a huge markup on the international payment.
HelloCurrency offers an alternative to your bank which will save you up to 4%. On a £20,000, we aim to make £30 which is a fair premium to cover the cost of the service. This means that in the above example, you would have paid £19,892 for your 27,000 Euros saving you £798. In addition, international payments are free with Hello Currency saving you a further £25. Opening an account is easy and our UK based support team is always ready to assist you. To open an account Click Here
*Note that the premium charged varies from bank to bank.
Find out how much you will save with Hello Currency
Enter the amount of Euros that you would like buy or sell to get an
accurate dealable quote. Note that this is not a simple currency
converter that you find on most websites. Those tools give an
indication only whereas this tool gives you a real price that you can
trade on. The price changes every few minutes dependent on the central
currency markets so check this tool frequently.
About the Euro
The euro is the official currency of the European Union. The currency has grown in stature since its introduction in 1999 and is now one of the most important currencies in the world. The global financial markets are increasingly pricing commodities in the Euro and governments worldwide are increasingly holding reserves of Euros rather than US dollars. The Euro is freely traded and you can buy Euros, sell Euros and wire Euros without restriction.
Member States
Countries that have adopted the Euro include Austria (1999), Belgium (1999), Cyprus (2008), Finland (1999), France (1999), Germany (1999), Greece (1999), Ireland (1999), Italy (1999), Luxembourg (1999), Malta (2008), Netherlands (1999), Portugal (1999), Slovenia (2007) and Spain (1999).
The twelve countries of the European Union that do not use the Euro are: Denmark, Sweden, the United Kingdom, Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania and Slovakia. The next enlargement is expected to be Slovakia in 2009.
Several states outside of the European Union have also adopted the Euro. These are Mayotte(1999), Monaco(1999), San Marino(1999), Saint Piere and Miquelon(1999) and the Vatican City(1999).
Making Euro Payments
Making international payments or domestic payments in Euros is an easy and seamless process.
In most cases, when you wire Euros with Hello Currency, they will arrive and clear same day in the beneficiaries bank account. This includes international payments to all European Union member states as well as Euro accounts held outside of the European Union.
You can use your bank to buy Euros or sell Euros but this method is likely to be very expensive. Most banks are unwilling to quote you a dealable exchange rate over the telephone as they do not want to be compared to other providers. Expect to be told that you will get the 'Rate of the day' when you transfer your funds. Typically, the bank will charge between 1.5% and 4% of the amount transferred e.g. if you were transferring £100,000, the bank will charge between £1500 and £4000. This charge will be hidden from you by giving you a poor exchange rate. They will also charge you for making an international payment.
Hello Currency offers a better alternative to using your bank. We provide wholesale foreign exchange rates which save our clients many thousands of pounds. In addition there are no hidden fees or charges and each transfer is underwritten by a global A-rated Insurer for up to £1,000,000. We use the smartest technology in the industry to make exchanging
currencies and sending international payments fast, easy, cheap and
secure.
You simply open an account, book a transfer and send your money (e.g. Pounds) to the Hello Currency segregated client accounts held at Barclays Bank. We will do the rest ensuring that your Euros reach your nominated account quickly and securely. In addition, we do not charge for international payments.
Hello Currency - Buy Euros and sell Euros at wholesale exchange rates
- Providing wholesale Euro exchange rates
- Friendly UK based support team
- Smart use of technology cuts the cost of currency exchange and money transfers
- Underwritten by an A-rated insurer to £1m/transaction
- Save up to 4% when you buy Euros or sell Euros
|
| What to do Next | |
| To open an account Click Here
|
Alternatively, call us on Telephone +44 (0)203 004 4444 to discuss your requirements with no obligation. We are always happy to help.
|
|
