Regular Payment Plan

The Regular Payment Plan (RPP) makes the process of regular overseas transfers simple and much more cost effective.

The RPP is simple to set up. Quarterly payments are automatically made by Direct Debit into your chosen foreign destination account, removing all the hassle of having to arrange individual payments through your bank.

Making transfers with RPP is fast and convenient, and no commission is charged. We also guarantee there are no receiving bank charges, and together with our better rates of exchange, we guarantee to save you money.

Two ways to transfer:

Fix your foreign currency amount

Take advantage and fix the amount of foreign currency you know this exact amount will be received in your overseas bank account each month. This amount will vary according to the exchange rate at the time of transfer.

Fix your rate

Market conditions will vary but you can benefit from a better rate of exchange that will always save you money. Timing is crucial and exchange rates can fluctuate by as much as 10% in a short period of time. The RPP lets you fix your rate for up to 24 months, protecting you from these changes.

If you have regular overseas payments as part of your property payment schedule, why not sign up to Select Money’s Regular Payment Plan today.