Global Reach Partners is known for its great rates when sending money online. In addition, this company offers personalized solutions and a personal, human touch. The powerful mix of simple solutions and strong client relationships is at the cornerstone of what Global Reach Partners does. In regards to its private international money transfer services, the following services stand out:
- Moving abroad money transfers
- Overseas education payments
- Salary transfers
- Travel money
- Live currency exchange rates published on the Global Reach Partners website
Who is Global Reach Partners?
Global Reach Partners Ltd. is a London based foreign currency exchange company, which caters to both businesses and individuals. This private company was founded in 2001. Initially, Global Reach Partners consisted of the following branches, which have since been incorporated into a single company:
- Corporate FX
- Personal FX
- Smart FX
- Travel FX
Stewart Blake and Mark Smith-Halvorsen are the original founding partners. Both partners continue to play key roles in the day-to-day operations of this business. Global Reach Partners is authorized by the UK Financial Conduct Authority. In 2014, Global Reach Partners was named one of the best 100 companies to work for by the Sunday Times. In 2012, the company was moreover ranked 37th on the Sunday Times list of the “Profit Fast Track 100” companies.
How does Global Reach Partners work?
Global Reach Partners works in a similar fashion to banks when it comes to making international money transfers. However, what is different about this company is that your dealer will let you know about particularly low exchange rates. Especially when making large money transfers, your dealer can advise you on when to make your transfer. Global Reach Partners will help you get the lowest rate possible.
My experience with Global Reach Partners
I choose Global Reach Partners for their personal service. Some people don't like their Global Reach Partners dealer calling them directly. I appreciated the personal touch. What I liked most about this financial services provider is that Global Reach Partners helped me find the best time for my money transfer. I believe that the “up-to-the-minute” prices have actually been able to save me money.
My first transfer went through without a glitch and I have since become a regular customer. For anyone new to Global Reach Partners, I recommend setting up a standing order for making payments. Otherwise, your transfer won’t be processed until your payment has arrived. Since Global Reach Partners only accepts bank payments, this can take a few days. For this reason, I give Global Reach Partners a 9/10 rating.
Global Reach Partners is especially good at making regular transfers. The online payment platform streamlines the whole process and allows you to make regular payments to more than just one beneficiary.
How do you register at Global Reach Partners?
Before you can transfer money internationally, you will need to create an account. Simply head on over to the Global Reach Partners website, where you can click on “Open account” on the top right. Opening your account is free and simple. In fact, you will not be obliged to send money, make a wire transfer or complete any transaction.
First and foremost, you have to decide whether you would like to open a personal or business account. Please scroll down towards the lower half of the page and click on either “Open a corporate account” or “Open a personal account."
Go through four easy steps
Input all of the following personal details:
- Your title
- Your first, middle and last name
- Date of birth
- Your e-mail address
- Your contact number
- Complete address
- Your secret question
- Your secret question answer
If you have lived at your current address for less than three years, you must list your old address. Filling out a joint application is also possible. In this case, the second person on the account needs to provide his or her information. Continue to step two, where you will be asked about your requirements. Also state your reasons for wanting to use Global Reach Partners.
Step 3 is called identification. Global Reach Partners is going to ask you to provide proper identification before you can transfer money online. Simply check that all of your information is correct in step 4.
Finally, you can complete your application. If any further documents are required, you will receive an e-mail from Global Reach Partners. Should you need assistance during the registration process, you can either call the hotline or e-mail the company. Once you have registered, a Global Reach Partners dealer is going to call. Your adviser will fully assess your individual situation to offer you personalized solutions.
How do you transfer money abroad with Global Reach Partners?
If you want to transfer money abroad, you will need to open an account. Since a Global Reach Partners dealer will call you next, this is the perfect time to ask questions. I found my dealer to be both friendly and knowledgeable. On the company website, you can also book your rate. If you would like to make your transfer via phone, this is also possible. If you are new to international money transfers, making your transfer over the phone is a great option. Your adviser can help you and you can’t get the steps wrong. I made my very first Global Reach Partners transfer via phone. It took me a while before I started to use Global Reach Partners company website, which I now use regularly.
Once you have booked your rate via phone or online, you will need to specify whom the money is going to. Also state when you want your funds to be transferred. Just confirm your transaction and you will be good to go. Of course, you will also receive a confirmation e-mail stating that your transaction has been completed.
How much does it cost to use Global Reach Partners?
You should know that there is a £1,000 minimum online bank transfer requirement. Once you are making regular transfers, you can send as little as £250 a month. If you are looking to transfer small amounts of money, reach out to your personal Global Reach Partners advisor first.
Registration at Global Reach Partners is 100% free. Global Reach Partners will not charge any commission on your money transfer either. However, there might be some other transaction fees when electronic processing is required. These fees will be displayed before you make your transfer at Global Reach Partners online.
How long does it take to transfer money with Global Reach Partners?
How long your transfer is going to take depends on which transfer option you choose. In particular, you can opt for “Standard” or “Priority” transfers. If you require further information on transfer times, just reach out to your Global Reach Partners dealer. All of the following factors have an impact on transfer times:
- Different time zones
- Local banking hours
- International holidays
- When your transfer is made
From personal experience I can say that it only took about a day or two for my Danish friend to receive the funds. In turn, I was very pleased with the speedy processing of my international transfer.
Is Global Reach Partners safe and reliable?
Since Global Reach Partners is regulated by the Financial Conduct Authority, you will be in great hands. I have never had any issues with my money transfers. Whenever there was a delay of some sort, the company was quick to address it. On Trustpilot, you can read through many glowing customer reviews. This goes to show that Global Reach Partners is a reliable partner for sending money abroad and making an international wire transfer.
Global Reach Partners customer support
If you require assistance, this company is there to support you both via phone and e-mail. On the company website, Global Reach Partners also provides useful information on making an online money transfer or currency transfer. I speak from personal experience when I say that I have found the Global Reach Partners customer service team to be extremely friendly, helpful and knowledgeable. In particular, I appreciate the fast response times both by phone and e-mail.
Which currencies does Global Reach Partners support?
Global Reach Partners offers about 130 local and major currencies. Hence, this company is a great choice whenever you would like to send money online. Get great rates when transferring Botswana Pula, Indian Rupees, Israeli Shekels, Danish Kroner, Arab Emirate Dirham or Saudi Riyals. However, the 10 most popular currencies for sending money abroad are:
- US Dollar
- Japanese Yen
- British Pound
- Australian Dollar
- Swiss Franc
- Canadian Dollar
- Hong Kong Dollar
- Swedish Krona
- New Zealand Dollar
What are others saying about Global Reach Partners?
As mentioned above, customers are raving about the financial services that Global Reach Partners provides. More than 500 independent customer reviews have been published on Trustpilot. Many of these reviews have been verified. Most reviewers love the great rates and the accommodating and helpful support. The Sunday Times has also highlighted Global Reach Partners as a great company to work for.
Moreover, many customers love the personalized contact that Global Reach Partners offers. This has been a major reason for choosing Global Reach Partners over HiFX, TransferWise or World First. On the Global Reach Partners website, you can read through some case studies to see what others are saying. This should give you a better idea of what this financial service provider is about.