Rate Checker

The following rates are interbank rates. This is the rate at which banks buy and sell money from each other. These rates are not available to private individuals or small to medium companies. They are therefore provided for indicative purposes only. For a quote please phone our team.

Paying international suppliers? Sending global payroll payments to employees and tax authorities? Our award-winning mass-payments technology is here to help.

Challenges

International payments can cause massive headaches for organisations around the world. How can you manage these to reduce impact on your business?

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Cumbersome

Due to lack of technology integration, payments can take significant time to issue payments, reconcile payments & resolve errors.

Delayed

The traditional correspondent banking system has multiple parties in the critical path. Beneficiaries can often take days rather than hours to receive payments

Costly

Handling fees charged by each bank in the chain results in significant bank sender fees & overseas receiver fees

THE TRANSFERMATE DIFFERENCE

Our approach

TransferMate enables faster international payments by bypassing the traditional banking system and using our own network of local bank accounts. 

Traditional Cross-Border Transfers…

  • Time delays
  • Multiple parties in critical path
  • Handling fees
  • Reconciliation issues

…transfers through TransferMate’s global payments network

  • Same-day transfers
  • Transparent tracking
  • Zero international wire fees
  • Amount billed = amount received
5,000

Upload one file to request up to 5,000 payments at once in multiple currencies

SIMPLE &
EASY TO USE

All of your outgoing payments in one click

  • You send one payments file locally or we can download it from your ERP
  • We calculate the total currency value and bill your local account
  • We send all your payments locally and confirm receipt of payment, same day
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Lock in rates

  • Get instant foreign exchange quotations
  • Lock in exchange rates on existing platform
  • Avoid FX markup and fees
  • Reduce foreign currency exposure through our Flexible Spot Contracts
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benefits

the benefits

Savings

Savings Calculator

Calculate how much you could save with TransferMate Global Payments

Accounts payable details

Competitor pricing

TransferMate pricing

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Your results

Domestic wire fee savings

International wire fee savings

Savings on FX

Savings on time

DON’T JUST TAKE OUR WORD FOR IT

FAQ

FAQ

  • 1. How do I sign up and how long does it take?

    Simply click here and register in just 2 minutes. Once you have completed this form you will receive a quick form to sign and return by scan/fax to funds@transfermate.com. Our team may request further documents to identify your business however one of our team can advise at a later stage.

  • 2. How secure is the site?

    Our site uses Secure Socket Layer (SSL), 256-bit encryption to protect your transaction details. 256-bit encryption is the latest and strongest data encryption techniques commercially available for securing information among you, our client and our website. SSL works by encrypting/scrambling data from our website to your computer. The data is encrypted on our web server and can only be unscrambled by the person with the correct key. You can verify our sites use of SSL in two places, by the use of “s” in https in the address bar of the site and by the padlock in your status bar at the bottom of your web browser.

  • 3. Why do I have to deposit funds into a client account?

    We require cleared funds to be received into our bank account before we can process your money transfer. Please note this account has been designated a client account with our bankers, meaning it can only hold client money. Please see the Account Details tab for the relevant account specific to your transfer destination.

  • 4. Can I send you multiple transfers in one payment?

    Yes, this is called a batch payment and is popular for any company needing to make multiple foreign currency payments. You simply send us a list of the payments you need to make. Our currency desk will contact you and tell you what the total will be in your local currency. You then send us just one payment and we handle the multiple payments for you.

  • 5. How long does a transfer take?

    Once your funds have cleared in our Client account, the converted funds will be credited to your nominated overseas account in no longer than 2 working days. Please remember that transfers must be uploaded by 12pm to be processed on the same day! In most cases we endeavour to transfer funds to your beneficiary from their local currency which speeds up the payment.

  • 6. Can I track my payments?

    Yes, using our online system you can view a history of all payments booked and a live status of every payment.

  • 7. What currencies can our team handle?

    Our team are able to process payments in all major and exotic currencies traded globally, except for restricted currencies.

  • 8. What happens, if I decide to cancel my transaction?

    In the event that you are unable to fully settle your payment order at the rate you have booked, we will close out the payment order at its then prevailing market rates and any loss or costs incurred by us will be met in full by you in accordance with the firms Terms and Conditions. In cases of non-cooperation the firm retains the right to invoke a late settlement penalty as set out in the terms and conditions.

Our customers have trusted us with more than €40 billion in transactions.

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Use bulk payments to make up to 5,000 payments to employees or partners with a single click