UK Customers Are Saving ￡900M Annually On Their FX - But It Should Be More

UK Customers Are Saving ￡900M Annually On Their FX - But It Should Be More

James Allum James Allum

James Allum

SVP & Global Head @ Payoneer (Nasdaq: PAYO) | Fintech | Digital Acceleration | Payments | Financial Services | Board Director

发布日期: 2015年11月20日
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According to Finextra and FXcompared, UK banks, “charge an average of 3.6% on a ￡10,000 transaction compared to an average of just 0.9% charged by non-bank providers”. 

For those of you who have been following freemarketFX this is old news – we blogged about this back in June. However, we still enjoy seeing our findings validated by others in the FX sphere, so thanks! 

We would also like to point out that we charge a flat service fee of 0.2%. That’s 94% less than the average bank and 78% less than the average non-bank provider. Just saying.

Now our smug moment is over, click here to refresh your memory and see how a real life example of how we saved one client 81.8% on FX costs compared to his bank, and 77.3% compared to his broker. 

You can find the full Finextra article here.  

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