Currency Converter

Regular International Payments

Regular international payments generally a simple and cost effective way of a sending money overseas to the same beneficiary on a recurring, typically monthly, basis.

Regular international payments can remove exchange rate risk, reduce costs and save clients time and the inconvenience of remembering to book monthly international money transfers. 


A client living in the UK has to make monthly mortgage repayments on a property in France. The client could set a regular payment to send GBP 1,000 on the 1st of every month into Euros. The foreign exchange broker would then directly debit the client on a monthly basis and pay the funds into a nominated French bank account accordingly.


  • Mortgage payments
  • Pension payments
  • Salary payments
  • Regular savings
  • Maintenance on property
  • Rental income

The majority of foreign exchange brokers offer a forward contract for regular payments which will be where the client can either specify the buy currency or the sell currency.

How They Work

  • Arrange an amount you wish to buy or sell and nominate a beneficiary to receive the funds.
  • Discuss how often you would like funds to be remitted and agree the regular international payment contract.
  • Many foreign exchange brokers offer to direct debit your funds. Alternatively if this is not an option then payment can be made via standing order.
  • Once funds have cleared the provider will release payment to the beneficiary.
  • Usual terms (vary between foreign exchange brokers):Usually a minimum of £500
  • No fees
  • Deposits may be required if the regular payment is the equivalent of booking a forward contract over a specific period of time – the Deposit would generally be allocated to the final payment of the contract.
Related:  Money Transfer for Startup Businesses

Rates And Fees

As with any commodity the more you look to purchase the more interesting the rate offered becomes. As regular international money transfers are typically under £20,000 (or currency equivalent) you may receive a marginally less attractive rate than a larger volume transfer however rates on offer normally represent a considerable saving over what is offered by banks. Transfer Fees compared to banks are almost certain to be a lot more competitive and if your regular international payments are on a monthly basis you can very conservatively save £150+ by using a specialist currency company.


As with one-off or ad-hoc international money transfers, regular international payments have a handful of flexible contract options. The vast majority of FX providers offer the following solutions.

  1. Set the currency amount being debited – Provider agrees with a private client to exchange an amount of currency which is converted at a competitive rate. Example GBP exchanged at spot rate into Euros on a bi-monthly basis. GBP is debited and converted into € and sent to French bank account to top up an account.
  2. Set the amount of currency being received – Online web company has a monthly SEO subscription that is paid in US dollars. The amount is consistent; the company arranges with their payments provider to put in place a regular plan which debits a sterling amount each month ensuring that the USD invoice is paid on time.
  3. Set both the amount being sent and received –  An overseas property owner sees that the current GBP/ USD rate is high and wants to guarantee the cost of his USD mortgage for the year. He agrees on a year-long regular payment plan whereby he fixes the amount of Sterling debited from his account and the amount of USD credited. This rate is fixed to all of his payments for the year, therefore, avoiding any unforeseen currency weakness and ensuring his property payments are cost-effective.
Related:  How to Invoice International Clients


There are several benefits to reap when fixing a regular international payment plan. These include:

  • Foresight on your salary or pension payment – a regular international payment plan can be fixed both on the amount debited in base currency, the foreign currency amount or both. This allows clients to know how much foreign currency they will send, how much they could receive and potential fix both amounts.
  • Never miss an overseas regular international payment – Once an international regular payment is established with a debit and payment date you need not worry about your international payment being forgotten. A foreign exchange broker will debit and pay the agree amount as agreed for as long as the contract is set for. This means your foreign bank account or international mortgage will never run low on funds or payments be missed.
  • Flexibility to cancel regular international payment plans – most foreign exchange brokers will allow you cancel a regular international payment plan with a week or so notice. Meaning if you situation changes or the property is sold you can easily stop funding your international mortgage.

For those who lack the time and seek a competitive way of sending money internationally on a regular basis, a regular plan can prove an extremely viable option, both for individuals or companies with ongoing FX requirements. 

Foreign Exchange Live
Foreign Exchange Live