We've been making money transfers better since 1996
Hopes that Brexit uncertainty would disappear in 2019 were dashed as we were faced with a year dominated by extended deadlines and political dramas, and it looks like any sense of certainty could still be some way off. While the UK Prime Minister Boris Johnson secured a landslide victory in the December 2019 general election, his statement that the transition period won't extend beyond 2020 means the UK could still crash out of the EU without a deal.
Ongoing Brexit speculation and concerns about the UK's future trade relationship with the EU have weakened the pound over the last few weeks, with GBP exchange rates edging further and further away from their post-election highs. Trade discussions will continue dominating headlines, and currency movement, in the months ahead.
If clients need to move money to or from Spain and they're concerned about the impact of Brexit uncertainty on their currency transfer, they should come and talk to the experts from Currencies Direct.
We offer your clients a safe, secure currency service that gives them bank-beating exchange rates with no transfer fees.
Key facts about our business
· We're authorised by the Financial Conduct Authority (FCA) as an Electronic Money Institution (EMI), which means we are authorised to transmit and also to hold client money in accordance with the FCA's regulations on client money safeguarding. We operate in strict accordance with the FCA regulations.
· We have a level 1 credit rating with Dun & Bradstreet (that's the highest you can get).
· We are proud of our exclusive national agreements with CaixaBank and also Skandinaviska Enskilda Banken AB (SEB) with in country bank accounts in Sweden / Norway.
· Our customers' money is always processed through a separate, segregated bank account, to keep it 100% safe.
The FCA regulates a number of differing types of institution including authorised Payments Institutions, which are authorised for money remittance but not authorised to hold client's money.
The FCA also regulates E-Money institutions (like Currencies Direct) who are authorised to remit money but also to hold client monies.
You can verify the Currencies Direct regulatory status on the FCA's register here: https://register.fca.org.uk/ , by searching our Firm Reference Number (FRN): 900669
Currencies Direct have helped 325,000 people save time and money on their currency transfers since 1996 and we can provide your clients with the tools and insights they need to move their money at the right time.
Let us help clients save money today!