Show me the money

By on April 6th, 2017 in Editorial, FinTech, Foreign Exchange, Money Facts, Small Business Advice

But we figure it’s better to put our money where our mouth is, so to speak. That’s why we’ve asked a few of our satisfied customers to share a breakdown of the savings they’ve made using the freemarket platform, so you know we’re not just spouting guff.

Satisfied Customer A

 A UK music software firm with international revenues, they regularly need to convert income between USD, GBP and EUR. Prior to using freemarket they used their bank’s online system to exchange and transfer currency. Their average transaction size is important to them but considered small by their bank.

freemarket saving: £148.63 on a 32,000 GBP to USD transaction

Equivalent saving: 74% of exchange cost

 

Satisfied Customer B

A UK advertising agency who traditionally used an FX broker. However, they wanted a better deal and greater transparency on the cost of their transactions and the rate they achieve.

freemarket saving: $360 on a 60,000 CAD to GBP transaction

Equivalent saving: 75% of exchange cost

 

Satisfied Customer C

A UK domiciled individual holding a premium personal account with an international bank. Despite being a premium client the exchange rates available to them were uncompetitive.

freemarket saving: €173 on a 25,000 USD to EUR transaction

Equivalent saving: 75% of exchange cost

 

So, there you have it – empirical evidence that we do in fact offer a substantial saving on FX costs. Use our real-time quote tool to see how we compare to your current provider, and remember (if you like what you see) signing up only takes a few minutes.


Posted by

Alice is Head of Account Management at freemarket. Her friendly, customer-centric approach ensures that everyone who joins gets an efficient, added value service that’s right for them.


2 thoughts on “Show me the money

  1. Hi I have client who like to transfer money from China (in Chinese Yuan) to Europe (in Euro), how much do you charge for the whole process? what is the process, the amount will be between half to one million Euro

    1. Hi Kevin, thanks for getting in touch. We would be happy to assist with your client’s requirements. Please email support@freemarketfx.com or alternatively call us directly on +44 (0)20 3393 2709 and one of our account managers will be happy to talk you through the process.

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  • £1=€1.1272

Typically saving €1,027.79 over bank rates