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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
At Regency FX, we help you achieve the best possible exchange rates when transferring money internationally. Large transfers can be costly if you simply accept the rates banks provide. For those sending large money transfers using Santander, working with an independent currency specialist like Regency FX can save significant money.
We guide you through the process, help you minimise fees and ensure you get the best exchange rate rather than settling for the standard rates offered by a bank.
International transfers can be tricky, but with our expertise, you’ll understand the key factors that influence costs and how to maximise the value of your money.
You will need the recipient’s full name and their account number and their banks BIC (Bank Identifier Code).
Instead of the BIC code you could use the IBAN (International Bank Account Number) instead.
You can find the IBAN code on a bank statement or you can visit a branch.
There are a few different methods to send your money: online banking, One Pay FX app, telephone banking, or visiting a branch.
The timeframe can change depending on the currencies, time zones, weekends, daily cut-off times and public holidays.
Normally, it can take up to 4 working days.
It can be faster for EUR and USD money transfers.
The payment can also be slowed if the recipient’s bank needs to do mandatory checks before the money clears in the desired account.
There are three ways to transfer money using Santander’s services:
Most people are aware of transfer fees but less aware of exchange rate costs.
There are multiple websites where you can find live rates such as OANDA and Daily FX.
However, the rates on these websites are not available to customers - they are interbank rates, used by banks and large financial institutions.
All banks change their rates constantly. The more money you want to transfer, the better the rate they may provide.
Santander’s profit margin is usually 2-4%. Even small changes in the rate can cost or save thousands.
For example, transferring £50,000 with a 1% rate change could mean losing or gaining £500.
Banks typically do not offer very competitive rates for international money transfers.
Our advice: get a few quotes from different companies at roughly the same time, as rates change every few seconds.
Transfer fees are standard rates that you are charged for every transfer.
Santander have a £25 transfer fee for international money transfers (electronic transfers).
The transfer fee is the same if you do it online, in a branch or over the phone.
Using the app One Pay FX is free but there is a £10,000 limit and you can only use EUR, USD, and PLN.
If you are needing to make regular payments then these transfer fees can really sting!
Some money transfer companies do not charge transfer fees at all!
Regency FX are a UK based independent currency broker, specialising in high volume transfers.
We pride ourselves on our premium level of customer service, you will be allocated your own personal account manager whom you will have direct access to.
All funds transferred through Regency FX are made using client segregated accounts in accordance with the FCA (Financial Conduct Authority) guidelines.
The important thing is the comparison, online rates shown on Google and other search engines are not always accurate for the consumer.
They can often refer to the rates that banks exchange at rather than what is available to you, the customer.
Even if you are just looking for property at this stage it is worth getting in touch to discuss your options.
We can monitor the market on your behalf enabling you to budget more effectively.
As a first-class currency transfer service, here at Regency FX we endeavour to get competitive exchange rates regardless of how much you are transacting.
Get a quote and see how we stack up.
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