Currency Conversions - Check your bank's rate

We were recently contacted by an existing client to say that he was due to receive a windfall in a few days, of around $500,000. He had provided his bank account details to the sender to deposit the funds on his behalf. As it was a large amount, we advised him to speak to his bank to see if they could offer him a preferential rate; they were unable to do so. We therefore spoke to a contact we have at a bank in the City, and asked for a quote for the currency exchange. With just one phone call, we were able to secure a rate that left the client with just over £348,000, compared to the £324,000 he would have had through his bank; a massive £24,000 extra, just for shopping around. Once converte

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