As a self employed individual/sole trader and running your own business, you may have dealings overseas, resulting in the need to send money abroad. Making sure you maximise profits will be key so getting the most competitive exchange rates on your international payments will contribute to this.
At present if you work or take on work for international suppliers, you may be subjected to bad interest rates and costly transactions fees if you use your bank’s or other facility to make such payment. This can be whether you are sending money to pay suppliers overseas or receiving payment from international contractors.
To assist in ensuring you are making your money go further and protecting your bottom-line profit, opening a Currency Online Group account for sole traders means you will immediately start benefiting from great rates and no transaction fees.