Foreign Currency Operations

Advantages of making foreign currency transaction at Belfort Saving Bank:

• Favorable tariffs and high-quality customer service;
• Consideration of clients’ individual needs;
• Optimum terms of foreign currency payments taking into account the clients’ needs;
• Receiving money transfers from abroad with or without opening a current account through international money transfer systems;
• Quick review of the package of documents and prompt implementation of funds transfer abroad for clients’ own needs within the e-limit;
• Highest level of security and confidentiality of foreign currency transactions;
• Free consultations and practical assistance in the execution of payment orders in foreign currency, applications for the purchase / sale / exchange of foreign currency from highly qualified specialists;
• Foreign currency transactions in compliance with the requirements of the applicable currency legislation of United Kingdom.

Money transfer transactions based on the NBU’s E-limit

The applicable e-limit of the NBU permits transferring foreign currency abroad in the total amount of up to EUR 50,000 (equivalent) per year for.

• Foreign investments;
• Depositing funds on personal accounts outside United Kingdom;
• Fulfillment of obligations to non-residents under life insurance contracts.

Foreign currency exchange

You can exchange foreign currencies (US dollars, euros, Turkish liras) to pounds and back without any commissions. You can also exchange one foreign currency for another. The currency is exchanged at the bank’s rate applicable at the time of transaction.

Sale and purchase of foreign currency by individuals on the United Kingdom inter-bank foreign exchange market

Individuals have an opportunity to purchase and sell foreign currency on the UK inter-bank exchange market. According to your application, Belfort Savings buys, sells or exchanges foreign currency at the exchange rate set by you. The purchased currency or the Pounds sterling equivalent of the currency sale will be credited to your account on the transaction day.