Money Transfer - What We Do
We exchange currencies at the best rate and make international payments and money transfers simple.
We save you time and money by offering the best rates, zero commission and no fees. Online and anytime, 24/7.
How It Works
See how easy it is by viewing our 45 second demo.
What's New
FTT statement on Crown Currency liquidation.read more... Choose the target rate for your currency exchange.read more... FTT underwritten by A-rated insurer to £1M per claim.read more... Euro, US and Canadian same day payments.read more... NY listed broker partners with FTT.read more...Receive An International Payment
Receiving a Foreign Currency international payment through FTT is simple. No matter where your payment is coming from and in which currency, FTT can receive this payment on your behalf, convert it into your domestic currency and send it to your bank account. No need to open lots of complex currency accounts.
Want to get startedIt couldn't be simpler. We provide you with our foreign currency bank details and a unique ID number. You provide these to whoever is sending you the foreign currency. When the funds arrive, our system emails you to let you know. We convert the currency into your domestic currency at the best rate of exchange and send your domestic currency to the bank account you specified.back to the top
It is fast. As soon as we get the foreign currency funds that belong to you we send your domestic currency the same day. British Pounds, US Dollars and Euros arrive the same day, anywhere in the world. Most other currencies will clear in the specified account the next working day.back to the top
Send our bank details to whoever owes you foreign currency (this may be by email or put on an invoice). They will then send the foreign currency to our bank account in the UK by international wire or transfer. We hold accounts in the UK for over 40 currencies.back to the top
Yes. FTT is the most cost efficient way to receive foreign currency. We have much lower overheads that banks or brokers and pass these savings on to our clients, saving them up to 5% of the amount transferred.back to the top
Receiving an international payment through FTT is free. There are no fees or hidden commissions. We make a small amount on each payment in the difference between the exchange rate we get and the exchange rate you get. Payments below £3,000 carry a small processing charge to cover our costs.back to the top
You can use your bank instead but you will get far less domestic currency for your money than we give you and they will charge you a fee to make the payment. In most cases, if someone tries to pay foreign currency into your UK bank account directly you will lose up to 5% of the amount due to bad exchange rates from your bank.back to the top
Anyone can open an FTT Account. We will check all our customers' details to ensure we are only sending money for genuine people.back to the top
Absolutely. Once the funds arrive with us your money is completely secure in our Client Segregated accounts with Barclays Bank Plc and insured an 'A' rated insurer. We have never lost a penny of our clients' funds and have made thousands or payments totalling many millions of pounds.back to the top
Are there minimum or maximum amounts?
We can receive any amount for you, no matter how big or small. However, if the amount is below £3000 we have to charge a small processing fee to cover our costs. This is up to £12 which is still much cheaper than banks.back to the top
If you need to cancel a payment because your situation changes, please call us immediately on the number above and we will do all we can. When we cancel a payment we have to sell the currency we had bought for you. If this is at a loss, then we would ask you to cover the costs.back to the top
Will I know the rate up front?
As soon as we have your funds we can set the exchange rate for you. This will always be at the best market rate available to us at the time.back to the top
