More and more families are considering higher education abroad due to increasing university fees in the UK. There are more than 11,000 British young people studying in America. Caxton is a payments specialist and will ensure you avoid paying less than you have to compared to the banks. We’ll ensure you avoid wasting money. No hidden fees. No additional charges. Just a great rate.
MANAGING THE COST
It’s bad enough having one or more children living overseas without having to worry about your monthly payments. But the reality is that volatile currency markets can make the cost of funding your child’s education unpredictable – hardly improving your peace of mind. Exacerbating this is the fact that your child has day-to-day living costs to consider.
EXCHANGE ONCE, PAY OFTEN
All Premier customers are allocated their own dedicated account manager who will work with them to help identify the best currency rate. Caxton’s forward and flexi-forward contracts allows customers to secure that rate with a deposit.
THE SMART WAY TO PAY FOR EDUCATION ABROAD
Political and economic uncertainty makes currency transactions an unpredictable and potentially costly exercise. Shocks like stock market corrections can add as much as 15% to your monthly payment. With a child living overseas the last thing you need to worry about is the cost of transferring money to them. The good news is that peace of mind is just a few simple steps away.
USE A CURRENCY EXPERT
Exchanging funds and transferring them abroad always feels like a risk. But sophisticated traders are able to make the foreign exchange market work for them by buying currency when the rate is right, not when they need to make the payment. It certainly helps having someone available on the phone to answer questions and give expert assistance on the workings of international currency markets.
EXCHANGE ONCE, PAY OFTEN
All Premier customers are allocated their own dedicated account manager who will work with them to help identify the best currency rate. Caxton’s forward and flexi-forward contracts allows customers to secure that rate with a deposit, then draw down on that transfer over the course of the year using our direct debit service.
EVERYDAY PAYMENTS AT AN EXTRAORDINARY RATE
While credit cards allow your children to make cashless purchases on everyday items, they can quickly undo your good work with extortionate fees and a terrible exchange rate. Caxton Premier allows you to move currency from your international payment account onto a Caxton Card* so you can take advantage of that same great rate when making day-today purchases abroad.
“Bureaucratic and inert, banks just aren’t set up to offer a good deal on foreign exchange. At Caxton you get someone who knows what they’re talking about. They give me room to manoeuvre and the peace of mind that the right deal’s been done.”
INTERNATIONAL PROPERTY OWNER
TIMING IS EVERTHING
1
CHOOSE WHERE TO STUDY
2
SPEAK TO CAXTON, OPEN PREMIER ACCOUNT.
3
AGREE A TARGET EXCHANGE RATE
VALUE ZONE
Choosing the right time to exchange currency can save you thousands. Let our dedicated account team help you safely navigate the market.
4
CAXTON BUYS CURRENCY ON YOUR BEHALF
5
USE DIRECT DEBIT SERVICE TO MAKE REGULAR PAYMENTS
6
CHILD(REN) USE LINKED CAXTON CARD ABROAD
MARTIN’S STORY
When Martin’s son eschewed Oxbridge for Stanford, currency transfer risks became the latest addition to an ever-lengthening worry-list. Luckily, he could rely on Caxton to lighten the load.
After leaving school, Martin’s son was determined to broaden his horizons. Attracted by the freedom to pursue various interests before settling on a major, he left in September 2016 to begin a four year course in California. When your only child decides to study 5,000 miles away, money concerns fade but they don’t disappear.
Martin has to wire the university its tuition fee every month as well as sending a personal allowance to take care of daily expenses. Having received income in several currencies for much of his career, he had long since lost faith in the service provided by high street banks to send and receive foreign capital. After seeing an advert in the Financial Times, he called Caxton who has handled all his foreign exchange needs ever since.
He counts on his Caxton account manager to advise him how much to exchange, when to execute the trade and find the cheapest way of getting the money from A to B. The expense still stings, but he can relax knowing that every last drop of value has been squeezed out of the exchange.
SPEAK TO A EDUCATION CONSULTANT
If you would like more information about our international payments services, please get in touch with one of our consultants.
YOUSIF SHEIKH-ALI
ACCOUNT MANAGER
YOUSIF SHEIKH-ALI
ACCOUNT MANAGER
Overview: Helping clients with proactive account management to maximize on their currency exchanges and helping them navigate through a very uncertain FX climate.
Specialist Area: Currency repatriation, Property exchange, Forward guidance and Hedging solutions
How long: Since July 2017
Why a customer should believe: I am passionate about FX & people, I strive to provide a 5* service to every one of my clients.
020 7201 0576
