Steve started up his freight forwarding business two years ago and had used his bank since then for all his company’s banking needs.
When making foreign payments he had to go into his branch with the completed paper work and sign these in front of the cashier who would then provide the exchange rate.
Upon review Frank eXchange found the margin to be in excess of 2% and there was also a transaction fee of up to £30.
Frank eXchange has provided him with an online solution, consistent competitive margins and rates, plus the option to trade at spot or forward.
Steve says “it’s more convenient, better use of my time and the rates given are a lot better than those from my bank”