A question we get asked often at MyCurrencyTransfer.com is how can I make cheap payments to France? You may be looking to do a one-off transfer or alternatively a regular monthly payment.
Primarily, the question is often directed from overseas property owners who need to make regular bill transfers, pay off a mortgage or make maintenance payments. It is also a subject that many international students have difficulty with, particularly those spending a year on exchange or undergraduate degree overseas.
Whatever your need to make an international payment to France, we hope this mini-guide will help you find the best deal.
HOW TO MAKE CHEAP PAYMENTS TO FRANCE IN 5 SIMPLE STEPS
1. Compare cheap payments to France on MyCurrencyTransfer.com
Our unique comparison platform aggregates the world’s leading foreign exchange specialists. Typically, they can save you between 3-5% of the value of your transfer. As currency brokers are buying in bulk from the live markets, they can pass on the saving to customers. Our advice is not to settle for the first deal you stumble across, as multiple bids equal multiple savings.
Click here for our comparison tables that will help you make cheap payments to France
2. Analyze multiple bids for your business
Compare foreign exchange companies not just based on rate but other comparison metrics: company size, how long they have been in business, are they FSA authorised and regulated, do they operate segregated client accounts. MyCurrencyTransfer.com strictly vet all it’s listed partners to ensure safety and security of funds
3. Register with a foreign exchange specialist
In order to be quoted a live dealing rate, you will need to open an account with a foreign exchange specialist. As a private client, this takes no longer than 15 minutes provided you have the right documentation. Often, you will only need to provide basic personal details and driver’s licence number. Due to strict money laundering laws, you just need to prove you are who you say you are!
4. Obtain a LIVE dealing rate
Once registered, you will be able to transact and be quoted a tradable rate. Watch out for currency companies that quote you unobtainable rates prior to registering, purely for the purpose of ‘pulling you in.’
5. Transact
If you are happy with the exchange rate offered, you can book in your transfer. You will then be issued a trade notification, giving instructions on how to pay the foreign exchange specialist. Once you have provided the recipient’s details and paid the company, your funds will then be transferred over to France.
Good luck with your money transfer to France!
