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What our customers say
Auto-Confirm Transaction means a Transaction that has been booked online and has been processed by us automatically with no telephone call or other communication being entered into.
Beneficiary Account means the account to which you are sending your funds. Business Day means a day other than a Saturday, Sunday or public holiday on which banks are open for business in Sydney. Close Out means reversing a Transaction in the circumstances set out in Clause 9 or otherwise pursuant to this Agreement.
Delivery Date means the date we have requested that you deliver your funds to our nominated account for transmission. Forward Contract means a foreign exchange contract under which we agree to exchange money at an agreed exchange rate and at an agreed time which is between 48 hours and 12 months from the time of the contract being entered into.
Limit Order means an arrangement whereby you instruct us to enter into a Spot Contract or a Forward Contract only when a Target Rate has been reached.
Maturity Date means, in relation to a Forward Contract, the date on which the currency exchange is to be made by us and includes any agreed variation to the original date, being either an earlier or a later date. Rate means the foreign currency exchange rate that we quote you for a Transaction.
Spot Contract means a foreign exchange contract under which we agree to exchange money at an agreed rate within 48 hours of the contract being entered into.
Transaction means a Spot Contract, a Forward Contract or an Order, and shall be taken to refer to a series of transactions pursuant to standing Instructions given by you. Websites means any websites owned by us including but not limited to www.
The specific transactional details of each Transaction, including the currencies to be exchanged and the amount of the transaction, will be agreed separately when you book the Transactions; they will constitute separate agreements in their own right, but will incorporate these terms and conditions.
We offer Spot Contracts and Forward Contracts. Our parent company in Australia holds an Australian Financial Services Licence authorising it to provide foreign exchange services.. You must be the legal owner of any funds that are the subject of a Transaction. An Authorised Signatory may have unlimited authority to give us Instructions on your behalf or you may specify the stages of a Transaction they are authorised to undertake.
If you wish to change the Authorised Signatories, you may do so by completing a Change of Authorised Signatory Form or otherwise notifying us in writing. We will accept any Instructions received pursuant to the use of the Username and Password without checking the identity of the user or their level of authorisation and you will at all times be bound by those Instructions. We will provide you with confirmation of the Transaction Details on the screen at the time you book the Transaction, but we will not provide you with any subsequent confirmation of any kind, unless you request it.
In the event of any dispute, the transcript of our telephone conversation may be used as evidence as to the terms of the agreement that was entered into. If we agree, you acknowledge that the Rate will be adjusted to account for the timing of the new Maturity Date. If we have not received the funds within 3 business days, we reserve the right to Close Out the Transaction in accordance with paragraph 9.
You agree to make all payments to our account electronically and you acknowledge that we will transmit your funds by electronic means only.
Subject to your right to cancel the Limit Order in accordance with clause 8. After we receive your Instructions, we will send you an Order Confirmation. The Order Confirmation constitutes an error correction mechanism only; if you do not contact us immediately on receipt of the Order Confirmation, the Transaction details will be deemed to be correct.
When the Target Rate is triggered, you are legally bound by the Transaction. As soon as you receive our notification, you must take action to ensure that the funds reach our account by the Delivery Date.
This includes any legal costs, on a solicitor and own client basis, that we may incur in order to enforce our rights or recover any amounts you owe us. You also agree to indemnify us for any fees, costs, duties and taxes charged by third parties, including fees charged by your beneficiary bank, whether or not those fees or charges were notified to you in advance.
This will not affect any rights or obligations you already have, but you will be bound by the new terms when you enter into subsequent Transactions. Authorise means authorise the stage of a Transaction when we transmit your funds from our account to your to your nominated beneficiary account. Authorised Representative means an individual who is a director or officer authorised to execute this Agreement or an Authorised Signatory.
Authorised Signatory means an individual appointed and authorised by you to provide Instructions to us on your behalf. Booking means booking a Transaction by providing us with all of the relevant Transaction details. Credit Limit means the amount by which we will allow your Transactions to accrue a negative value before requesting a deposit or exercising our rights under clause 9 of this Agreement.
Deal Confirmation means a written communication, however described, provided by us confirming the details of any Transaction that you have booked by telephone, email or online, which shall be an error correction mechanism only.
Delivery Date means the date on which we have requested that you deliver your funds to our account for transmission. Dual Verification means verification of different stages of a transaction by different individuals. Instructions means a request made by you to enter into a Transaction and shall be taken to include any information, communications or documents incidental to or relating to a Transaction whether we process the Transaction or not.
Payment means payment by you to us of funds for transmission. Transaction means a Spot Contract, a Forward Contract or an Order, and shall be taken to refer to a series of transactions pursuant to standing instructions given by you. View Deals means viewing all pending and completed transactions on our website. You are using Internet Explorer 10 and you are going to be redirected to a page that does not support Internet Explorer You will need to change you browser's compatibility mode as per the following link.
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Types of Money Transfers Need to send money immediately? Business Payments UKForex specialises in offering corporate customers the exchange rates, risk management products and service usually reserved for large companies only. Financial Institutions Have the ability to offer a world class, online international payments solution to your staff members and customers.
Mobile App Book and track your international money transfers all from the palm of your hand! Currency Converter Free online currency calculator for over 50 currencies. Currency Zone Compare up to five pairs of currency exchange rates. Historical Exchange Rates Check out seasonal patterns, long term charts, raw data, period average exchange rates and much more.
Exchange Rates View live currency exchange rates and charts for major currency pairs. Customer Rates Check out the exchange rates our customers receive versus the interbank rate.
Weekly Market Watch Weekly currency news recap and outlook on the week ahead. FX News The latest currency market news brought to you by Reuters. Your Money is Safe The safety of your money is an important part of our business.
How-to Video Watch this short video and see how easy it is to send money overseas. How long transfers take Guide on how long your funds will take to arrive when using UKForex. Jobs We are an innovative and dynamic business that offers unique opportunities to the right people.
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Login for Money Transfers Username: Transfer with us anytime. Modification of this Agreement and the Money Transfer Policy Closing Out has a corresponding meaning. Instructions means a request made by you to enter into a Transaction. Target Rate means the Rate nominated by you in any Order. Multiple User Access means authorisation of more than one individual. Reports means reports of all pending and completed transactions Spot Contract means a foreign exchange contract under which we agree to exchange money at an agreed rate within 48 hours of the contract being entered into.
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Use the slider below to see the different types of cookies you can choose to allow. Store information once the server has authorised the user for access Set cookies which are critical functionality to the website Allow you to book a deal or perform a core task. Store information once the server has authorised the user for access Set cookies which are critical functionality to the website Allow you to book a deal or perform a core task Improve site experience Remember your log-in details Improve overall performance of the website.
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We deliver to your recipient Transfers to most countries take business days. What our customers say Trustpilot.