How It Works
Using Sterling Exchange couldn't be easier.
Follow the three steps below for an efficient, free service.
Step 1. Open an account
This is done simply by completing the application and returning it to us by either post, fax or email. For UK residents we will then carry out an electronic ID check. For non residents or anyone that doesn’t pass the ID check we will require two forms of ID. One must be photographic, and the other must contain proof of residence. Once received and processed, a currency planner will contact you within an hour. He or she will then ask what your requirements are in order to suggest the best course of action.
Step 2. Buy your currency
Speak to your designated currency planner and they will give you the current market rate. If you are happy with the quotation we will buy the currency on your behalf. We will then confirm this trade in writing by way of a deal receipt and provide instructions on how, and when, to make payment for your currency.
Step 3. Get your currency
Once we have received your cleared funds we will promptly transfer your exchanged currency to any bank account of your choice, worldwide, the same day. The typical spot transaction takes between two days and two weeks depending on your method of payment.
