Importing stock from Europe
Situation
An adviser was doing a review with their private client and asked them if they ever handle different currencies.
The client mentioned that they also owned a business that buys stock from European manufacturers in Euros.
They have one or more invoices of varied amounts to pay per month and every time they made these payments through their bank they were being charged a £10 transfer fee.
The adviser mentioned that TorFX doesn’t apply a transfer fee, and would also be able to help them secure a more competitive exchange rate.
Outcome
The client asked to be introduced to TorFX so the adviser referred them through the Partners Portal.
TorFX contacted the client and discussed their requirements.
The client created a no-obligation business account with TorFX, giving them the ability to check live exchange rates 24/7.
Whenever the client has a requirement they either contact their dedicated account manager to discuss the latest market movements or log into their business account to secure rates as they move in their favour.
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