HiFX offers online international money transfers

Brits put finances at risk through lax online security

Updated research reveals that a large proportion of Brits put their finances and online security at risk by using the same password for multiple accounts.
Online or branch accounts: Which are the best?

In a world dominated by the internet some people prefer personal banking citing fraud as one reason, but online accounts have lots of benefits as Kate Saines explains.

Monday, 23 February 2009 05:13

HiFX has launched the UK's first online international money transfers platform with live, discounted exchange rates.

The foreign exchange and cash deposit services provider will allow clients to convert up to £10,000 from anywhere in the world.

HiFX estimates the service will save Brits £1.65 billion a year over other international transfer services.

Mark Bodega, director at HiFX said: "In developing an online money transfer service we are able to offer people a convenient way of accessing the same discounted online rates as we are able to offer for larger sums over the phone.

"Our research shows that people love watching the changing rates and being able to act when they feel it moves in their favour. With HiFX Online people can do exactly that and the rate they see is the rate they actually pay."