Launched in 2005, Foremost Currency Group has emerged as a reliable service that specializes in money transfer. This UK-based company has served more than 40,000 loyal customers since its inception 15 years ago.  It uses more than 40 currencies and operates in more than 125 countries.

The service processes about £7.5 billion every year. Customers love this company mainly because of its competitive quotes. Whether you are going to transfer your hard-earned money abroad, make business transfers or buy something abroad, you can rely on this company.

Making a transaction

The first step of the process is to create an account. The procedure of creating an account is pretty straightforward. We are not going to discuss the procedure here. To make a transaction, follow these steps:

1. Go to “make a transfer” option and click on it. Then choose the recipient. Feel free to add relevant information about the recipient.
2. Provide the detailed information. The required information includes information about your recipient and your money. The exchange rate will pop up, which is always changing.
3. Choose a method for your payment. It can be your debit card or your bank. The wallet allows you to purchase currency, which you are free to use later.
4. Double check the details you have provided, and then confirm them. Double check the details before you hit the confirmation button. With a debit card, the process a lot simpler. But if you are using your bank to send money, carefully read the instructions and take steps accordingly. There are only a few instructions, and they are easy to follow.

Fees & Exchange Rates

The company directly buys currency. They pay wholesale prices, and that is why they are able to offer their clients reasonable rates. This company is always prepared to compete with banks. On the site, you will clearly see the exchange rates, and the movements of price. To get the best exchange rates, get in touch with the currency broker. The margin is determined by the current state of the pair of currency. That means, it does not stand still; it is always changing.

Now let’s learn a thing or two about the fees. If your amount if less than £50,000, the company will charge £10. However, they do not charge any fee if your total amount is less than £50,000. A banking receipt will be provided to you, as a proof of the transfer. It can be received by post or via email. The receipt charge is £10. But if you get your confirmation via SMS, you will have to pay only £2.50.

Advantages

There are a host of reasons why so many people like to use this company. The company has specialists with long experience in the field. Feel free to get in touch with an expert if you have created an account. You can expect professional support from them. After creating your account, you can consult your expert. They will give you every type of help you need. For a large transfer, you do not have to pay a fee. You can see the range on the company’s website.

This service is known for offering great exchange rates. You can expect to pay a reasonable rate when moving funds and paying salaries. The service has a global coverage. Regardless of the distance of your recipient country, you can safely transfer your money. Using this service is a really good way to send money legally.