Tuesday, June 9, 2009

Transferring Money to Portugal

Sending money Portugal? Achieve the best Euro currency exchange rates available?


It might be that you are thinking about sending money to Portugal to complete on a property purchase in the Algarve or it could be that you are living abroad and just need to transfer Euros and save money.


Sending Money to the Algarve


Premier FX foreign currency exchange brokers have offices in London and in the Algarve, Portugal.


They can provide a cost effective foreign currency exchange service to all of their clients as they have an extensive in depth knowledge of the financial markets.


Their ethos is to build lasting relations and every single client has the assurance that they will receive the highest individual attention from their foreign currency exchange professionals.


Exchange rates with Premier FX are competitive and they do not charge commissions.


With over 40 years experience in the foreign currency exchange markets the expertise of their staff benefit every single person wishing to send and transfer money to Portugal.



Sending Euros to Portugal

Steps to transferring money to Portugal with Premier FX foreign currency exchange brokers is easy.


Firstly all you have to do is register using their online form or request information to be sent electronically or by post. Registration is totally free and holds no obligation.


Once registered, Premier FX will send you your personal account number, you will also recive a welcome pack and you will be given your personal account manager. Your personal account manager will be at your disposal to answer any question or quires that you may have about exchanging and transferring money abroad. They also discuss products available and your requirements. They will ensure you receive a personal service which is dedicated to provide the services that suit your criteria.


Foreign Currency Exchange


When you decide to trade and the time is right to send your money to Portugal, you will to contact your account manager quoting your client account number. Premier FX will then advise you on the exchange rate and if this is suitable they can confirm the currency trade over the telephone.


Once the currency trade is confirmed Premier FX will then send the currency trade confirmation via e-mail, fax or post.


Making the payment to Premier FX is simple. This is done by making a money transfer to their secure client account at Barclays Bank via Chaps or Bacs. All the details and account information will be on your trade confirmation.


Once payment is received by Premier FX to the client account, at the agreed date, they will then transfer your money to its destination. Typically a payment to an account in the EU will reach its destination within 48 hours.


Currency Exchange Brokers


There are many ways in which you can send Euros to Portugal and many contracts available from Premier FX.


Spot Contracts are for clients who need to deliver their currency as soon as possible, this is the most common form of money transfer.


Forward Contracts are for clients who want to purchase a foreign currency for the future, but who would like to secure a rate now. This is useful for guaranteeing a currency exchange rate if you are making stage payments on a property purchase. This means that you know exactly how much money you are paying and you will never need to worry about fluctuations in the foreign exchange markets.


Limit Order Contracts are for clients who are looking to achieve a desired currency rate, once the rate is received your personal account manager then will contact you and your funds can be converted in the normal way. This contract is functional for those who do not have a time restriction on their currency exchange transfers.


To find out more of the above contact Premier FX foreign exchange brokers in the Algarve, Portugal or visit the overseas property service website Jigsaw Overseas




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