A recent survey undertaken by GIMA has highlighted that its members continue to feel the pressure of ever fluctuating exchange rates. In response, the trade association is pleased to announce that it is launching a new Foreign Exchange service, in conjunction with payment solutions experts, Moneycorp.

This new service – bolstering GIMA’s existing portfolio of unrivalled member benefits – has been designed to not only save GIMA members money, but it will also help make sense of the constantly changing foreign exchange rates. Members who sign up to the service will receive preferential exchange rates, and access to a dedicated account manager who is on hand to meet and go over any tailored requirements.

Additionally, GIMA members will also receive Fee Free international payments, saving between £5 and £40 per transaction -  a saving that will add up to a significant sum over time.

The full Foreign Exchange service can be accessed via an easy to use, fast online platform, providing 24/7 access, and is supported by a call centre when further assistance is required. The service also offers peace of mind, in that all funds are safeguarded in a segregated client bank account, whilst Moneycorp is regulated by the Financial Conduct Authority.

Vicky Nuttall, GIMA Director, said: “Our members are operating in increasingly unstable financial markets, which is adding additional pressure to their businesses. The new Foreign Exchange service has been set up to try and reduce some of the pressure that comes from buying or selling with international partners. Moneycorp is an expert in this field, and will be on hand to GIMA members to help them make the right decisions for their business, whilst also saving them money on both exchange rates, and also transactional fees. It’s an exciting prospect, and we urge any member who deals with trading partners based abroad to take advantage of this exclusive offer.”

To find out more about GIMA’s new Foreign Exchange service, or to sign up to start saving money, please visit http://gima.org.uk/foreign-exchange-service/