How do I know transferring money with GC Partners is safe?
GC Partners is a UK-registered company operating in the UAE for the past 15 years. GC Partners is authorised by the Financial Conduct Authority (“FCA”) and registered as a Money Services Business, regulated by HM Revenue & Customs (“HMRC”). They follow strict guidelines to ensure your money is protected. Funds are held in segregated client accounts which means client money is not an asset of their business. They are safe and secure every step of the way.
Are there any fees or charges?
GC Partners do not charge any fees or charges. This makes them a perfect choice for currency exchange and potentially much less expensive than transferring via your bank.
Can I use GC Partners for my monthly mortgage, rent or schooling payments?
Yes, you can purchase amounts from £200 to £10,000 (or equivalent currency) through their website or contact them by telephone for any larger amounts. GC Partners offer a bespoke recurring payments service making your monthly payments easier and more cost-effective than when using banks.
How can I protect myself against currency fluctuations?
The GC Partners offer a range of transfer options to reduce currency risk, as well as useful services such as rate alerts, so you’ll never miss the best exchange rate. You can also book live exchange rates immediately through GC Partners' online platform or by calling your dedicated account manager. The rate is secured once booked and won't change regardless of market fluctuations.
How do I buy or sell currency?
With GC Partners, you can exchange currency online or over the phone up to a limit of £10,000 (or equivalent currency).
How much could I save using GC Partners?
Cost savings can vary. We recommend you compare your bank's rate with GC Partners to see what they can save you. Savings will include bank charges, receiving fees, and commissions whilst getting you a fantastic exchange rate at the same time. Why let the bank charge you when you can keep that money in your own pocket?
Why would I use a foreign exchange specialist like GC Partners?
Unlike high-street banks, GC Partners offers more competitive exchange rates when making international payments. Furthermore, they offer a range of currency services aimed at delivering cost savings and managing currency volatility risks. Additionally, you will be assisted by a dedicated account manager who will assist you at every stage.
What currency-buying options are there for a property purchase?
Clients have a variety of options to choose from.
“Spot Deals” are ideal if you need to send money straight away.
“Forward Deals” is a buy now, pay later option. By paying a small deposit, you will secure your exchange rate and the currency will be held for you until you are ready to pay the balance. Ideal for delayed completions or stage payments when buying off-plan.
“Limit Orders” allow you to set a rate that you would (realistically) like to achieve, and if the rate hits that limit, GC Partners will automatically purchase the currency for you.