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Sending Money Abroad

When buying or selling an overseas property, one of the things to think about is how you’re going to transfer your required currency.

Most people assume that your bank will be the best and easiest way to send overseas payments, when in fact you could find yourself paying more than you need in transaction costs, exchange rates and unnecessary admin fees. The saving you could make by using a specialist provider can be significant, which is one of the reasons we recommend our customers to use Lumon for all their overseas money transactions.

We can help manage your money any time, from one simple online account and make international payments in over 55 currencies – all for less than doing the same thing with your bank!

Not only can we offer competitive rates of exchange when compared to high street banks, Lumon understand the foreign property market. Having helped thousands of clients to buy abroad for over 20 years, they’re well placed to organise the transfer of your exchanged funds and can send payments directly to your solicitor, agent or vendor.

Here are just some of the services Lumon can offer when sending money abroad;

Spot Contracts

The most common and convenient form of currency exchange. Convert currency immediately at the current exchange rate.

Forward Contracts

An agreement to buy a certain amount of currency at the current exchange rate for a date in the future, without having to pay for it all up-front.

Limit Orders

After a rate that’s not available right now? We’ll buy your currency for you automatically once your target exchange rate becomes available.

Stop Loss Orders

This sets a level you don’t want to trade below. Handy if you’re budgeting and can’t afford for your exchange rate to drop beneath a certain level.

Regular Payment Plans (RPP)

We can help keep your Euro bank account topped up by automating your currency transfers. Useful for mortgage payments, pensions and more.

Learn More?

To open a FREE ACCOUNT or LEARN MORE simply CLICK HERE – Great rates of foreign exchange