Regular Payments
KBRFX can also help with regular payments, be it for mortgage payments, or for individuals living/working abroad who need to send salary/funds home. With most high-street banks charging a fee in the region of £35.00 for an overseas transaction, and offering rates far under the exceptional rates of exchange offered by KBRFX to it's clients; even on small payments the potential savings can be impressive.
Example of Savings
Mr C. from Essex has to pay €1,250 into his currency account in Spain each month to cover his mortgage payments on a second home. He checks the exchange rate and charges with his Lloyds bank, and contacts KBRFX to compare the costs.
| Lloyds Bank | KBRFX |
|
|
|
|
Cost of €1,250 |
£1155.06 |
|
£1126.13 |
Transfer Fee |
£25.00 |
|
£10.00 |
Cost over 12 months |
£14,160.65 |
|
£13633.51 |
Saving |
|
|
£527.14 |
(Example based on the exchange rate from 26th June 2019)
Over the course of the year, Mr C. saves just in the region of £527 through obtaining a much keener exchange rate, eliminating unnecessary bank transfer costs, and makes the most of her hard-earned cash.