When you look on your internet banking you will probably notice some sort of tab for 'international payments'. Clicking on this will generally take you through to a page where you input the IBAN or BIC (International bank account number and Bank Identification Code, respectively) which tells your bank which country you want to send to and which currency you want your sterling converted to. When we did this with our own bank (one of our brokers logged in to his internet bankin

'...a transaction executed by a firm upon the specific instructions of a client where the firm does not give advice on investments relating to the merits of the transaction...' The first thing to say is that Prime Cap's work is not useful for those investing in currencies. We do not provide clients with a means of investing in a currency and nor do we advise clients on the performance or movement of currencies for the purposes of investment or speculation. We have simply tak

There are a number of online platforms out there which allow individuals and companies to carry out currency conversions and to send currencies 'bought' to overseas or domestic foreign currency recipients (beneficiaries). You might want to repay someone for money they sent you whilst travelling. Pay rent or cover a foreign currency mortgage. You might be invoiced by your foreign supplier in their local currency. You might live outside one country, sell something abroad and