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.

Resources

Walk Through Transfermate

Background

University College Cork was founded in 1845 and is proud to be ranked in the top 2% of universities in the world. UCC is a long-established university home to 21,000 students. It is also Ireland’s leading Research Institute and is the first university in the world to be awarded the international Green Flag for environmental friendliness.

Challenge

UCC receive thousands of multi-currency payments through checks, bank transfers and credit cards from international students. Bank fees and international charges meant UCC were receiving less than expected.

International payments were difficult to reconcile because of uneven amounts and missing reference numbers.

Solution

TransferMate offered a solution that meant payments arrived referenced with the full amount due, saving the UCC income team a lot of time.

UCC added a TransferMate payment link, which they included in their website and invoice letter as an additional payment option to their international students.

Notification

Use bulk payments to make up to 10,000 payments to employees or partners with a single click

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