HiFX, a UK-based provider of foreign exchange and cash deposit services, has launched the new HiFX Online International Money Transfer, which could reportedly save the five and a half million Brits living or working abroad over GBP1.65 billion a year on their international money transfers.
The new HiFX Online International Money Transfer service is available to anyone transferring between GBP250 and GBP10,000 and offers on average savings of 3% of the amount transferred when compared to high street banks and other international transfer providers, said HiFX.
The HiFX Online International Money Transfer service can be used to transfer sterling into overseas’ accounts in most major currencies like euro, US dollar, Australian dollar, New Zealand dollar and Canadian dollar and users can specify either the amount they want to send in sterling or the amount that must be received overseas.
Mark Bodega, director at HiFX, said: In developing an online money transfer service we are able to offer people a convenient way of accessing the same discounted online rates as we are able to offer for larger sums over the phone. Our research shows that people love watching the changing rates and being able to act when they feel it moves in their favor. With HiFX Online people can do exactly that and the rate they see is the rate they actually pay.
