USI money is a unique foreign exchange provider offering bespoke solutions to both individuals and corporate clients.

Transfer with USIMoney now


Fast and Efficient

As USI Money has a lower cost base then most financial institutions we are able to pass on significant savings directly to you. We do not charge any fees or commissions on payments above our minimum limit.
Most importantly we try and understand your FX requirements, identifying patterns so that you save time, making the process a lot more efficient. All transactions are normally completed the same day depending on Bank cut of times if not a minimum of 72 hours from date the trade is placed.

Overseas FX Payment

USI Money not only give you the benefit of saving on your foreign exchange purchases but are able to send payments directly to your suppliers saving you the time and effort and avoiding any international or local transfer charges.

Major Currencies

£ Sterling
Euro
$ US Dollar
AU$ Australian Dollar
NZ$ New Zealand Dollar
$ Canadian Dollar
د.إ United Arab Emirates Dirham
R South African Rand
$ Hong Kong Dollar
CHF Swiss Franc
SAR Saudi Arabian Riyals
¥ Japanese Yen
Ft Hungarian Forint
kr Norwegian Krone
Polish Zloty
$ Mexican Peso
kr Swedish Krona
฿ Thai Baht
$ Singapore Dollar
KWD Kuwaiti Dinar
LE Egyptian Pound

Trading Platform

USI Money has its own unique trading platform allowing you to trade 24 / 7. Our user friendly platform allows you to place trades when banks are closed your trade will then be executed at the next working day.<br/ >
Our software allows you to monitor your payments as well as set up regular payments as well as a complete log of your trading history.

Help and Support

Our team is always available to support and assist in your queries.

Security

USI Money is VeriSign secured. VeriSign is the a trust mark on the internet and helps companies and consumers all over the World engage in trusted communications and commerce.

  • Register

    Register online and you will receive an application form along with our requirements and terms and conditions. An account is set up and details sent to you for your account ID and login details.

  • Quote / Trade

    Call or log in to our platform to view rates.

  • Order Confirmation

    Confirm beneficiaries details and execute.

  • Funds confirmation

    Transfer funds according to our contract note

  • Payment Execution

    USI money transmits your funds to your chosen beneficiary.

  • Completion

    Transfer complete as per value date.

Frequently Asked Questions

Who is USI Money?
USI Money is a registered trading name of Universal Securities & Investments Limited.
Are you regulated?
Universal Securities & Investments limited who are authorised and regulated by the Financial Services Authority under the Payment Services Regulations 2009, registration 574754, for the provision of payment services. USI Money is also a registered MSB with HM Revenue & Customs
How long will it take to transfer my funds?
Most major currencies such as Sterling, Euros and Dollars can be received the same day (where Bank cut-off times allow). For other currencies it can take up to 48 hours. USI Money uses priority payments for all transfers, which is the fastest and safest type of bank to bank transfer.
How do I pay USI Money?
USI Money accepts funds by bank transfer. A bank transfer can be made online via your own online banking system or by visiting any branch of your bank. Clients with phone banking will also be able to use this to instruct a transfer.
What are spot and forward contracts?
These are the two main types of deals that are available in the foreign exchange market. Spot is a foreign exchange trade with the settlement time of two business days. A forward is similar to spot, but the settlement date can be set up to one year forward. This allows you to guarantee today’s exchange rate on payments you need to make or receive in the future. We can offer two types of forward currency exchange contracts.
What do Settlement / Value Date mean?
Settlement date or a value date is when your foreign exchange trade is available for delivery / completion. USI Money requires to be in receipt of any sold currency before the settlement/value date.
How do I open an account?
Opening an account with USI money is simple. Just register online as a Private or corporate FX account. Once your information is received a member of our team will contact you to explain the process before sending your account opening forms along with required documents and terms of business.
Does USI money charge commission?
USI money does not charge any commission to transact your payments for values over £10,000. Any payment made below this will incur a £15 transfer fee.
Is my money safe?
USI Money holds client monies in segregated client accounts with its principle bankers. The Payment Services Regulations 2009 stipulate that all funds held in such accounts cannot be claimed by creditors. All funds sent to us are held in segregated accounts that are only used for client transactions and are independent of the USI Money business accounts.
Is my Data Safe?
USI Money abides and complies fully with the Data Protection Act 1998, which protects customers against the misuse of personal data held across both manual and electronic records. The Act requires that any personal data held should be:

Timings

Monday 9:30am to 5: 30pm
Tuesday 9:30am to 5: 30pm
Wednesday 9:30am to 5: 30pm
Thursday 9:30am to 5: 30pm
Friday 9:30am to 5: 30pm

Type of transfers

BACS
CHAPS

Amount Fees
£100-10,000 £15
£10,001 and above No Fee

Glossary

Forward PointsThe difference between the spot rate (today’s exchange rate) and the forward rate (the future ex-change rate)

Currency
The type of money that country uses
Cross Rate
The exchange rate between 2 currencies.
Deal Ticket
The basic method of recording the information related to transactions.
FIX
Financial Information Exchange.
IFR
Inward Funds Receipt from the customer in terms of currency sold. e.g. A customer SELLS GBP and BUYS USD, the Inward Funds Receipt will be in GBP.
IBAN
International bank account number
QA
Quality Assurance.
QFR
Outward Funds Remittance to the customer’s beneficiary. e.g. A customer SELLS GBP and BUYS USD, the Outward Funds Remittance will be in USD.
SWIFT
Society for Worldwide Interbank Financial Telecommunication.
SPOT RATE
Current Rate for spot transactions.
Deal Ticket
The basic method of recording the information related to transactions.
FIX
Financial Information Exchange.
IFR
Inward Funds Receipt from the customer in terms of currency sold. e.g. A customer SELLS GBP and BUYS USD, the Inward Funds Receipt will be in GBP.
IBAN
International bank account number
QA
Quality Assurance
QFR
Outward Funds Remittance to the customer’s beneficiary. e.g. A customer SELLS GBP and BUYS USD, the Outward Funds Remittance will be in USD.
SWIFT
Society for Worldwide Interbank Financial Telecommunication.
SPOT RATE
Current Rate for spot transactions
BACS
Bank Automated Clearing System – the electronic process for Sterling clearing for domestic banks. A cost saving process that should take 3 business days to reach the destination account.
CHAPS
Clearing House Automated Payment System (for transfers within the UK) – an electronic means of making payments. The fastest payment available, which usually results in the destination account being credited on the same day. Also called a WIRE (principally in the US) and formerly called a Tele-graphic Transfer (TT). The expression is also used when making payments overseas in foreign curren-cies and which, within banking system, are referred to as Electronic Payments and are either an Ur-gent or Standard Transfers, the Standard transfer taking an extra day.
Exposure
The amount of money at risk due to Foreign Exchange Rate movements.
Forward Rate
The rate at which two currencies can be exchanged on a pre-set future date.
Forward Points
The difference between the spot rate (today’s exchange rate) and the forward rate (the future ex-change rate).
GTC
Good Till Cancelled. A GTC foreign exchange order will be left in the market until executed or can-celled by the client.
Hedge
A method of protection against future currency exchange rate fluctuations.
Limit Order
Placing a limit order enables you to specify a defined rate of exchange that you would like to buy at. In other words, a better rate than is currently available. For example, if the Euro is currently trading at €1.48 to the £1, you can place a limit order to buy Euros if and when they reach €1.50 to the £1.
OCO
“One Cancels Other”. A combination of a ‘Stop Loss’ order and a ‘Take Profit’ order. When one of these two foreign currency orders is executed, the other order is automatically cancelled.
Order
Where a client can leave an “order” with us to transact on your behalf if a particular exchange rate is reached.
Stop Loss Order
A stop loss order is a means of limiting a client’s risk from adverse exchange rates. A currency ex-change level is set. If that currency exchange level is reached, the trade is automatically executed in the market. The currency level used for a stop loss order is always worse than the current market price. This is a way to protect you from adverse changes in exchange rates without needing to con-stantly monitor the rate. Using a Euro example, if the market is trading at Euros €1.49 and you think that you may get a better rate by waiting, you can still protect yourself in case the market moves against you by placing a stop loss order at Euros.
Take Profit Order
Like a “stop loss order”, a take profit order first involves setting a currency exchange level. Once that currency exchange level is reached, the trade is executed in the foreign exchange market. The cur-rency level used for a take profit order is always better than the current market price. This is a way to capitalise on improvements in exchange rates without needing to constantly monitor the rate.
Settlement Date
The date for the exchange of payments of the currencies following an agreed foreign exchange con-tract.

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