# Charities to benefit from free overseas funds transfer service

- Link: https://fundraising.co.uk/2006/04/26/charities-benefit-free-overseas-funds-transfer-service/
- Published: 2006-04-26T23:00:00+01:00
- Author: Howard Lake

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.

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.

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For more details on how Moneycorp Charity Funds Transfer Service works, please contact
Moneycorp on 020 7823 7400.

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