Useful Links from Sovereign International Rentals

Why use Voltrex Ltd rather than my bank?

Voltrex Ltd can save you money and provide you with a more personal and efficient service than your bank. They are a foreign exchange specialist. This means that the volume of currency trades and lower operating costs allows them to pass significant savings onto their clients. At Voltrex Ltd, Damian George is the main contact who will ‘hold your hand’ through the whole procedure from start to finish. One of the key factors to making significant savings on your currency exchange is timing. Damian can keep you informed of market activity which could enhance your savings further.

How do I begin trading with Voltrex Ltd?

Once you have opened an account, for which there is no cost or obligation, you are in a position to secure rates by telephone. If we offer you a rate which you accept we will immediately fax, email or post confirmation of the contract. You may email or return by fax or post the onward payment details of your currency as a section of the contract note allows this.

How long does it take to transfer my funds abroad?

For the major currencies (GBP, EUR, USD, AUD, JPY) same day and next day transfers are to be expected. Voltrex Ltd uses priority payments for all transfers which quickest and safest way to transfer funds worldwide. As with all bank to bank transfers, the time it takes to receive the funds in the beneficiary account is also dependent on the receiving financial institution which can sometimes cause delay.

What rate will I be offered?

Our rates are based on live 'interbank' prices (the price at which one bank sells to another). These are aggregated from a number of sources and are quoted in real time. As we do not have expensive branches to maintain, we are able to offer more competitive prices than are typically quoted by the high street banks and building societies.

How do I pay for the contract?

You pay be either CHAPS or BACS payment to the account details on your contract note. Payment is required within two working days in the case of Spot Contracts and deposits for Forward Contracts. The balance of Forward Contracts should be received no later than the maturity date of the contract. Sadly, we are unable to accept payments in cash.

What happens if my circumstances change?

On occasion, due to unforeseen circumstances, plans change. In the case where you have secured a Forward Contract but find you will no longer require to take delivery of the currency at the maturity date, you may sell the contract back to the market.

Can I fix my exchange rate now for a future purchase?

Yes, an exchange rate can be fixed for up to 2 years in the future. This means that you can determine exactly how much you need to spend on a future purchase without having to worry about fluctuations in exchange rates. This type of contract is called a called a Forward Contract. Please contact Voltrex Ltd for more details.