Charities to benefit from free overseas funds transfer service
Howard Lake | 26 April 2006 | News
Moneycorp, the foreign exchange currency specialist, has launched a new service to save money for UK charities who regularly arrange overseas currency transfers for aid programmes.
The Moneycorp Charity Funds Transfer Service is available exclusively to qualifying charities which have hitherto relied on banks to send money to regions in need of aid relief.
As one of the UK’s leading currency transfer specialists, Moneycorp’s system will replicate existing bank arrangements, with the crucial difference that there are no additional costs to the charity.
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The initiative means that charities will not incur receiving bank charges — these will be refunded by Moneycorp. Likewise, Charities will not be charged a transfer fee when sending their funds abroad. Unlike major banks which currently handle large charitable fund transfers, Moneycorp’s charity transfer service will not be squeezing charities for additional charges — meaning there will be more money available to be put to good use in the afflicted zones.
For more details on how Moneycorp Charity Funds Transfer Service works, please contact Moneycorp on 020 7823 7400.
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.