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How Money Transfer Services Work

GuidesHow Money Transfer Services Work

If you have a business that needs to make a lot of money transfers, a money transfer service may be exactly what you need. Money transfer services simply allow you to transfer money from one business (yours) to another. Most business owners are not overly-familiar with how the money transfer process works, so using a company to do it for them means everything runs a lot more smoothly and they get the best deal possible from the transaction.

Most of the time, a wire transfer will be used to transfer money from one business to another. This is both the fastest and most secure method of payment. The company will let your bank know how much you want to transfer and will provide them with the details of the company you are sending to.

Your bank will then contact the other company’s bank in order to bring the payment into action. This will be done in a highly secure manner. Generally, the receiver will receive the money within no more than 3-4 business days.

You should note that how much this process costs you will depend on which country you are sending to and how much you are sending, but your money transfer company will advise you on the best ways to reduce the costs. This is one of the main reasons businesses choose to use specialist companies for money exchange.

At Pure FX, we provide a money transfer and currency exchange service for large businesses, giving you the ability to easily make money transfers to other companies without the hassle of doing it on your own.

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Why Us

FCA Authorised E-Money institution

Authorised by the UK's Financial Conduct Authority, so you can rest assured that we’re handing your money responsibly.

Exceptional Service

We have received Feefo's Gold Trusted Service Award 3 years in a row.

Same Day Transfers

We can transfer your money to your destination bank account the same day you send it, once we’ve confirmed the payment details with you.

Competitive Exchange Rates

Competitive exchange rates and transparent transfer fees, so you know exactly what you’re paying for.

Dedicated Personal Service

To guide you through the transfer process and keep you up-to-date with the changing exchange rates.

Trusted Foreign Exchange Broker

Since we were established in 2006, we've transferred money for thousands of satisfied clients.

How It Works

  • 1. Register

    for a no obligation account
  • 2. Agree the exchange rate

    with your account manager over the phone
  • 3. Send us payment

    for the transfer of your purchased currency
  • 4. We transfer the currency

    to your nominated account