Regular Overseas Payments
Automate your regular overseas payments, saving you time and money
If you have regular overseas payments as part of your property payment schedule, why not sign up to Select Money’s Regular Payment Plan.
Regular Payment Plan
The Regular Payment Plan has been developed to save time, effort and money for customers who have regular overseas payments. You no longer need to have to worry about setting up each overseas payments or transferring the funds out of your account every few months. You can even fix the exchange rate, so you have full knowledge of exactly how much is going out of your account each payment.
It's simple to set up; payments are automatically made by Direct Debit into your chosen foreign destination account, removing the inconvenience of having to arrange individual payments through your bank. Your peace of mind is assured, you can forget about your regular overseas payments while we make them happen.
With The Regular Payment Plan service you can benefit from
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Fix a great rate of exchange - avoid adverse fluctuations
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No transfer fees
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No receiving bank charges
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Choose your length of plan - secure payments up to 2 years
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Set up a simple Direct Debit –match your payment dates to your property payment schedule.
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Plan your payments - no more guesswork, know in advance the exact Sterling amount you need to transfer
Option 1 - Fix the amount of foreign currency you receive each month
This option allows you to fix the amount of foreign currency you receive in your overseas bank account each month. A variable amount of Sterling will be debited from your UK account each month, according to the exchange rate at the time of transfer.
Option 2 - Fix the exchange rate for all your payments
If you fix the exchange rate for all of your future payments, you will know exactly how much Sterling will leave your UK bank account each month and how much currency will arrive in your overseas account. This option is available for payments between 6 and 24 months in the future.





