HiFX expands online International Money Transfer service

HiFX, the foreign exchange specialist, has expanded its innovative Online International Money Transfer service to include 14 new currencies and allow debit card, credit card or bank account to bank account transfers from overseas accounts back to the UK. The service reached the 100,000 online trades milestone this week as customers took advantage of the updates. HiFX Online International Money Transfer service was the first to show real time, moving exchange rates and now allows customers to exchange from £250 to a new limit of £70,000 online from wherever they are in the world.

The online service could save the 5.5million Brits living or working abroad over £1.65bn a year on their international money transfers. With the recent poor performance of sterling and banks increasing their margins on international money transfers to buffer the extreme currency volatility, Brits with financial interests abroad are now more than ever looking for ways to save money when sending money from the UK.

The updated HiFX Online offers on average savings of 3% of the amount transferred when compared to high street banks and other international transfer providers such as PayPal and Western Union. 

HiFX customers can now transfer money to and from Sterling online by specifying either the amount they want to send in their ‘home' currency or the amount that must be received in the overseas currency. HiFX Online can transfer money from UK registered credit or debit cards or from a bank account registered in any of the currencies below.

New currencies added to HiFX Online:

As well as Euro, US Dollar, Canadian Dollar, Australian Dollar and NZ Dollar customers can now buy and sell:

Singapore Dollar  
Swiss Franc   
Thai Baht
Swedish Krona           
Mexican Peso
Polish Zloty
UAE Dirham                          
Norwegian Krone
South African Rand               
Hungarian Forint        
Danish Krone                         
Czech Koruna
Hong Kong Dollar                  
Japanese Yen      

Mark Bodega, Director at HiFX explains "With sterling having recently touched record lows, every penny counts when it comes to transferring money overseas.  By continuing to develop our 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. By adding 14 new currencies to our service we hope to make the task of transferring money abroad ever easier."

For more information, visit hifx.co.uk.