CURRENCY News from GC Partners

Expert currency advice

By Rachel Canales from GC Partners

IN TWO MINDS ABOUT MONEY TRANSFERS?

With so many companies providing overseas money transfers, it can be difficult to know who you should trust to get your money where it needs to be, at the right time and for the right price. Most providers fall into one of two categories: online only or personal currency specialist. Although an online only option may work for many, if you are new to overseas transfers or feel more comfortable with being able to talk to someone, then a personal currency specialist might be a better option. Here we explore some of the benefits of using a specialist such as GC Partners over an online only provider.

SERVICE

Many online only apps and digital platforms look quick and easy to use, however, if you need to talk to someone there is often nothing more beyond what you see on screen. Online chat functions and automated phone lines do not always provide what you need and if anything goes wrong, you might be left waiting days to find out where your money is. At GC Partners we believe it is best to speak to you about your currency requirements. Although you can transfer up to 10,000 GBP (or equivalent currency) through our online platform, we believe many people prefer the reassurance of a friendly voice at the end of the phone. Both our online chat and phone lines are managed by real people, and you do not need to select hundreds of buttons or GLO advert 118x130.5 SEPT MASTER.qxp_Layout 1 20/09/2019 16:38 Page 1

Transactions

without the drama

We're a dedicated financial services provider specialising in moving money overseas utilising great foreign exchange rates. From a substantial one-off property sale to regular ongoing payments, you can rely on us to work quickly, reliably and securely.

T. +44 (0) 203 974 4738 / +351 289 093 137 E. portugal@gcpartners.co www.gcpartners.co Visit our offices in Lagos and Vilamoura

Global Currency Exchange Network Limited T/A GC Partners is authorised by the FinancialConductAuthorityunderthePaymentServicesRegulations2017,FRN504346. GlobalCustodialServicesLimitedT/AGCPartnersisauthorisedandregulatedbytheFCA and holds Part IV Permissions under the FSMA 2000. Registration number 595875. Laura King Head of Compliance & MLRO options to get through to them.

EXPERTISE

With an online only option, the onus is most definitely on you. You are the one making the decisions about what is a good rate, when to transfer as well as keeping track of your transfer at every stage. While nobody has a crystal ball when it comes to exchange rates, a specialist like GC Partners has experience and market insight that can help you make a more informed decision about when it is the right time to make your transfer. We will keep you up to date on the progress of your transfer with regular emails, so you know exactly where your money is.

FLEXIBILITY

Online only providers give you one type of transfer option – buy now and pay now. You cannot set up automatically recurring/regular payments or plan ahead using other currency options. We work with you to understand what the best transfer options are for you, including flexible choices such as a forward contract which allows you to buy your currency at a fixed rate now and pay later. If you are budgeting for a specific exchange rate, you can set a limit order which automatically purchases the currency for you once your preferred rate is met. Our recurring payment option lets you set up a standing order for a specific date and then sit back and relax knowing you will never miss a payment again.

VALUE

Many online only options only guarantee your rate for between 24-48 hours (depending on the currency) after you confirm your transfer. After this time, if anything changes for any reason, your original rate may have expired. We purchase your money as soon as you confirm your transfer, so your exchange rate is guaranteed and not affected by any rate movements after that time. You have two days to make the payment and if for any reason it is delayed, you will not be subject to any penalties if you can prove it is on its way.

If GC Partners sounds like the personal currency specialist for you, contact us today on +351 282 768 137 and +44 (0) 203 974 4738 or email your currency specialist Rachel.Canales@GCPartners.co, visit us online at www.gcpartners.co/register or in person at one of our offices.

45€

45€ ALMOÇO & PROVA DE VINHOS LUNCH & WINE TASTING 45€ ALMOÇO & PROVA DE VINHOS LUNCH & WINE TASTING 80€ ALMOÇO & PROVA DE VINHOS 80€ GOLF: 4 Ball Betterball 80€ LUNCH & WINE TASTING GOLF: 4 Ball Betterball ALMOÇO & PROVA DE VINHOS ALMOÇO & PROVA DE VINHOS LUNCH & WINE TASTING LUNCH & WINE TASTING GOLF: 4 Ball Betterball

ALMOÇO & PROVA DE VINHOS LUNCH & WINE TASTING

12 NOVEMBRO

12 NOVEMBRO 12 NOVEMBER 12 NOVEMBRO 12 NOVEMBER 2022 12 NOVEMBER 2022 Para mais informações | For more information: reservas@benamorgolf.com | www.benamorgolf.com Para mais informações | For more information: reservas@benamorgolf.com 2022 | www.benamorgolf.com Para mais informações | For more information:Seja responsável. Beba com moderação | Be responsible. Drink in moderation | www.bebacomcabeca.pt reservas@benamorgolf.com | www.benamorgolf.comSeja responsável. Beba com moderação | Be responsible. Drink in moderation | www.bebacomcabeca.pt