1. Open a business foreign currency account
For anti-money laundering purposes, we’ll need to carry out some standard background checks on your company before you can open an account. For the individual opening the account, we’ll also require some personal information.
2. Speak to a dedicated broker
Once the legal formalities are out of the way and your registration form is processed, we’ll allocate you a unique account reference code for whenever you buy or sell foreign currency. This special code will enable you to secure your currency and enjoy the reduced cost of trading foreign currency with Foremost.
Once your trading account has been set up and you’ve been given your special reference code, you’ll get access to a dedicated forex broker who will provide you with all the help and guidance you need. Contact your broker whenever you’re looking to exchange foreign currency and they’ll utilise their market knowledge and expertise to make smarter currency trades, saving you money which you can invest back into your business. Simply let them know what currency you need and when you need it by and they’ll help you achieve the best value from any transaction you want to make.
3. Receive your currency
If you’re happy with your foreign currency quote, provide us with confirmation to proceed and you’ll receive a contract note via email, fax or post; whichever works best for you. Then all you have to do to receive your foreign currency is fill out the onward payment instructions and send them back to us. Once we have your cleared funds, we‘ll forward your currency straight on via priority telegraphic transfer to the account you designate.
Using Foremost Currency Group to handle your foreign transactions can make a huge difference to your bottom line. We helped King of Shaves save over £600,000 on foreign transactions, and we’ve helped thousands of other business from many different sectors save money on their currency transactions too.
If your business deals with overseas suppliers or customers, using Foremost Currency Group to help with your currency transactions will help your business save money and enable you to focus on what you do best: running your business.