Business FX FAQ’s
Cut the cost of bank transfers and high fee payment providers by using using Cambridge Currencies.
- Better Rates: Save money with rates better than banks
- No Hidden Fees: Transparent pricing with no surprises
- Dedicated Support: Get expert help from your account manager
- Safe and Secure: FCA-regulated for complete peace of mind
- Fast Transfers: Same-day or next-day international payments
1. What is Business FX?
Business FX (Foreign Exchange) refers to currency exchange services specifically designed for businesses to manage international transactions, payments, and risk.
2. Who can use Business FX services?
Our Business FX services are tailored for companies of all sizes. This includes SMEs, large corporations, and startups. These businesses are engaged in international trade or transactions.
3. What types of payments can I make using Business FX?
You can make various types of payments, including:
- Supplier payments
- Payroll for overseas staff
- International invoices
- Bulk payments for multiple recipients
4. How do I open a Business FX account?
Opening an account is simple:
- Fill out our online registration form.
- Provide the required documents (e.g., proof of business, ID).
- Once verified, you’ll gain access to your account.
5. What currencies do you support?
We support a wide range of global currencies. Visit our Currency List for the full range.
6. Are there any fees for using Business FX?
We offer competitive exchange rates and transparent pricing. Fees depend on the type and volume of transactions. Contact us for a personalized quote.
7. Can I lock in exchange rates for future payments?
Yes! We offer forward contracts to lock in rates for up to 12 months, helping you manage risks from currency fluctuations.
8. Do you offer bulk payment solutions?
Yes, our bulk payment tools allow you to manage multiple transactions in one go, saving you time and effort.
9. How long do international payments take?
Payment times depend on the destination and currency. Typically:
- Major currencies: 1–2 business days
- Exotic currencies: 3–5 business days
10. Is my money safe with you?
Yes, your funds are safeguarded as per regulatory requirements. We use secure systems to ensure all transactions are protected.
11. Can I get market insights for better decisions?
Absolutely. We provide regular updates on exchange rates, interest rates, and inflation trends to help you make informed decisions. Check out our Market Insights page.
12. Do you offer tailored FX solutions for businesses?
Yes, we provide customised services based on your business’s needs, including hedging strategies and risk management tools.
13. How do I contact your support team?
Our team is available by phone, email, or chat. Visit our Contact Us page for details.