How to fix your rate in advance

Open an account with us. It’s free and there’s no obligation to transfer money

Give us a call to find out the kind of rate we can secure for you

When you’re ready to go ahead, instruct us to secure the rate, for a future date, and pay a deposit

Settle the balance, then we’ll get your money to
where it needs to be!

What’s the process for buying a forward contract?

Once you have registered with A Place in the Sun Currency and we have set up your account, you can ask for a quote for whichever currency you need, for a particular date in the future.

The date doesn’t have to be set in stone – it can usually be moved back, but not further into the future, without cost.

If you would like to secure the rate, having considered the pros and cons, you can tell us to go ahead. We will secure the currency, and send you an order confirmation straight away confirming all the details.

Then, you need to pay a deposit (usually 10% of the total), with the balance (the other 90%) due on or before the agreed date (maturity date), before we are then ready to send funds on at your instruction.

Euro payments to the EEA or UK: same day if sent before midday, otherwise next day
US Dollar payments to the USA or UK: same day if sent before 5pm, otherwise next day
Sterling payments to the UK: same day if over £30,000, otherwise next day
Other currencies & destinations: 1-4 working days depending on currency and destination

How long will my money take to arrive?

International payments take longer than domestic payments in the UK. There are a number of variables, and the absolute maximum time it can take is set out in our terms and conditions. We also have to complete internal compliance, anti-fraud and anti-money laundering checks before payments are released, which we will do our best to advise you of in advance in complex cases. Once you have paid us for your currency and these checks are completed, typical payment times are shown here in working days, although we can’t guarantee these because we are sometimes relying on a chain of banks to process your payment through to its destination.

The receiving bank may not credit your funds instantly, but we can confirm the date on which they received them.

For Euro payments to the EEA, we use banking facilities in Germany to send your payment, to help reduce or avoid any bank charges at the receiving account. This does not add any extra time to payment processing.

What if I don’t go ahead with the transfer?

If for any reason you place an order with us and then don’t pay for it, we will need to sell the currency you ordered back to the market. Depending on market movement, that could create a loss, which you would be liable for, so it’s best not to place an order if you aren’t sure you want to go ahead for any reason. Please see our terms and conditions or call us for more information.