Chamber Foreign Exchange | Save on International Payments | ERCC

If your business makes or receives payments in foreign currencies, you'll know that the costs can add up quickly. Bank charges, poor exchange rates and transfer fees are an accepted part of doing business internationally for many small businesses, but they don't have to be.

As a Chamber member, you have access to Chamber Foreign Exchange, which is designed to help businesses get a better deal on their international payments.

What is Chamber Foreign Exchange?

Chamber Foreign Exchange is a membership benefit that gives you access to competitive exchange rates and lower transfer fees than you'd typically find through a high-street bank.

Whether you're paying an overseas supplier, receiving payment from an international customer, or managing currency exposure as part of your day-to-day operations, having access to a specialist foreign-exchange service can make a genuine difference to your bottom line.

Who is it for?

If international payments are only an occasional part of your business, the savings might be modest, but they're still worth having. If you trade regularly in foreign currencies, the benefit becomes more significant. Even a small improvement in the exchange rate on a regular transaction can save a meaningful amount over the course of a year.

Why not just use your bank?

Banks are convenient, but foreign exchange is rarely their strongest suit. Specialist providers typically offer tighter exchange rates and lower fees, and Chamber Foreign Exchange has been negotiated specifically with member businesses in mind.

It's one of those benefits that's easy to overlook, but worth exploring if international payments are part of how you operate.

Finding out more

To find out more about Chamber Foreign Exchange and how to access it as part of your membership, email us at [email protected].uk or visit www.eastrenchamber.org.uk.