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
Mrs L. from East Sussex has to pay €1,000 into her currency account in France each month to cover her mortgage payments on a second home. She checks the exchange rate and charges with her high-street bank, and contacts KBRFX to compare the costs.
| | High Street Bank | KBRFX |
| |
|
|
|
| Cost of €1,000 |
£943.39 |
|
£888.88 |
| Transfer Fee |
£35.00 |
|
£10.00 |
| Cost over 12 months |
£11,740.68 |
|
£10,786.56 |
| Saving |
|
|
£954.12 |
Over the course of the year, Mrs L. saves just under £1,000 through obtaining a much keener exchange rate, eliminating unnecessary bank transfer costs, and makes the most of her hard-earned cash.