Corporate Currency Exchange:
Many businesses have a desire to move into new markets as they look to expand. This causes many to move their business abroad, open overseas subsidiaries, or make business payments to suppliers abroad. Whatever the need, making corporate currency payments overseas requires careful planning and professional guidance and advice.
Despite this, for every business, it’s imperative that its money works as hard as possible. So, when it comes to making business payments, you have to identify the right opportunities and make informed decisions based on the current market situation.
Businesses might make international payments for many reasons, but there are many things to consider such as managing different currencies and making the correct payments. Thus, businesses should consider ways in which they can mitigate risks in relation to currency and market volatility.
Products & Features
Speak to a specialist at NewbridgeFX to put a risk management strategy in place.
Multi-currency account, in your company name, so you can receive, store, convert and send any currency we offer
One account number to receive funds in any currency from any company or person.
Risk Management Solutions
Create a risk management strategy for your corporate currency requirements using a selection of our products, at competitive and consistent exchange rates.
No Payment or Transfer fees
Funds settle same day, sometimes in minutes. Payment tracking capabilities to keep updated on the payment status real-time.
Challenges: Payments Abroad
For many businesses who are thinking globally and operating abroad, whether that is having a position in certain markets or dealing with suppliers, they may not be receiving the best service when it comes to their corporate currency payments.
Despite this, NewbridgeFX can streamline the process of making overseas business payments, and ensure your company’s currency requirements are well-managed. If you have regular payments and contracts then we can help to put in place spot contracts that ensure you lock in and secure an exchange rate, or you can opt to use forward contracts that allow you to fix the exchange rate for up to 12 months.
What’s more, it also important that businesses track markets as a way of ensuring they take action at the right time. This enables them to manage their currency exchange at the right time, allowing them to take advantage of strong exchange rates.
Yet, businesses are often hit with high fees when making payments via banks, as they can often find there are hidden fees, estimated to cost around £4bn each year, and this is all down to them offering poor exchange rates and high payment fees. The full cost of making business payments abroad isn’t visible until after the transaction, as there is little transparency over the exchange rate offered.
Yet, this is a problem that NewbridgeFX can avoid. We can keep you up-to-date on the foreign exchange market, with rate alerts and market news. By providing expert advice that enables you to gain clarity over the exchange rates offered, and how they work for you, to take advantage at the right time.
Along with this, there are other things to consider when making corporate currency payments, such as the market activity and how factors such as political events and data announcements influence the market, all reported in our daily market news section.
What’s especially important is to plan ahead and this is something you can do with the right help. By engaging with NewbridgeFX, you can be sure of receiving reliable information and honesty, enabling you to make moves at the right time.
Corporate Currency Exchange
Yes, we can arrange to setup regular payments on the platform, so all you have to do is transfer your money and the transfer will complete on the agreed date.
NewbridgeFX offers a specialist service in the deliverable foreign exchange market, promoting a range of products and services, available online or over the phone. Our products have been designed to meet the needs of our clients. A lot of these products are ways for businesses, and individuals, to manage and mitigate currency risk, and are used frequently during times of increased volatility. Alongside up to date foreign exchange related market news, which works in tandem with our range of products.
Multi-Currency Account In Your Company Name
Receive funds from your customers in to your own named collection account, using one account number for all currencies, or a local in-country account number still in your company name.
Create And Manage All Your Beneficiaries
Add and manage your beneficiaries, perform bank account validation & verification checks as you enter your beneficiary details & bulk upload multiple beneficiaries via a CSV file.
Make Fast & Secure Payments To Over 200 Countries
Real time Swift and local payments are settled the same day, within minutes of processing (currency/country dependant), and payment tracking capabilities allow you to keep updated on the payment status.
Hold multiple currencies and access balance information in supported currencies. Receive, convert, send and move money between your multi-currency accounts without making payments.
Convert Over 100 Currencies, 24/7, Using Multiple Devices
We provide informative, up to date market news, including updates on currency movements, upcoming economic events and announcements that impact the foreign exchange market.
Real-time Reporting And Tracking
View and track all conversions, payments and incoming funds using our online platform, and receive email notifications when funds have been received, conversions processed and payments released.