Regular Payment Plans - Automate your monthly transfers
ServicesIf you are making payments every month or quarter, our automated Regular Payment Plans may be perfect for you. We can automate your payments to help you avoid the associated time, effort and costs of having to make lots of individual payments.
Key benefits of a Regular Payment Plan (RPP)
Automated transfers
Avoid the hassle of making individual payments each month. An RPP schedules them automatically – saving you time, effort, and admin.
Lock in your exchange rate
Combine your plan with a Forward Contract to fix your rate for up to 12 months – ideal for budgeting and avoiding market volatility.
Perfect for recurring expenses
From overseas mortgages and school fees to pensions and maintenance costs, RPPs keep regular payments simple, predictable, and on time.
Flexible and secure setup
Set it once with a standing order – no need to call every time. Your dedicated trader ensures everything runs smoothly, with full FCA-authorised protection.
Regular Payment Plans takes the stress out of recurring international transfers by automating them at a fixed exchange rate. It’s the easiest way to manage overseas expenses like mortgages, pensions, or school fees – reliably, securely, and on time.
Real life scenario
How a Regular Payment Plan can help
Managing overseas finances doesn’t have to be complicated – here’s how Anne and Martin used a Regular Payment Plan to simplify their retirement.
Ongoing payments
After retiring to France, Anne and Martin needed to send payments to the UK for a mortgage and family support.
Stress from transfers
Tracking rates, making calls, and juggling time zones each month made transfers frustrating and unreliable.
They set up an RPP
With Smart Currency, they automated regular payments and locked in a fixed exchange rate for the year ahead.
Simple payments
Now, their transfers go out on time every month – no stress, no rate surprises, and total peace of mind.
Our team are available Monday to Friday, 8:30am to 6pm
Testimonials
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Rated Excellent for Currency Exchange & Money Transfers
“Having used Smart for a few years now, for my regular and one-off currency needs, I can absolutely recommend them as a truly customer-focused company underpinned by efficient processes and great communication.“
Lee Lundie View all testimonialsRated Excellent for Currency Exchange & Money Transfers
“Very open and clear. Very quick and easy to do. Great team thanks for your help.”
Patrick Ramos View all testimonialsContact us today
Enquire about a Regular Payment Plan
Let us know a little more about your upcoming currency exchange needs, and one of our UK-based currency experts will be in touch.
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Regular Payment Plan FAQs
What is a Regular Payment Plan (RPP)?
A Regular Payment Plan (RPP) automates your international transfers, helping you send money abroad monthly or quarterly without having to make each payment manually. It’s ideal for recurring expenses like mortgages, pensions, tuition fees, or property maintenance.
How does an RPP save time and money?
With an RPP, you only need to set up a standing order once. Payments are then made automatically, removing the need to constantly check rates, place calls or repeat the process every month – saving both time and potential banking fees.
Can I lock in an exchange rate for all my regular payments?
Yes. When combined with a Forward Contract, an RPP allows you to lock in an exchange rate for up to 12 months. This means every payment during that period is made at the same rate, protecting your budget from market fluctuations.
What kind of payments can I make with an RPP?
You can use an RPP to cover regular costs like overseas mortgages, school fees, pension income, or local taxes. It’s also a helpful tool if you divide your time between countries and want to transfer money to another account regularly.
Can I still make other transfers alongside an RPP?
Absolutely. Setting up a Regular Payment Plan doesn’t stop you from making additional one-off payments. You can still use Spot Contracts to make ad hoc transfers at the current exchange rate whenever needed.
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You may also be interested in…
Forward Contracts
Lock in today’s exchange rate for up to 12 months to avoid the risk of losing money due to exchange rate fluctuations.
Immediate payments
Make a single currency transfer at today’s exchange rate. Payment is usually settled the next day.
Online payments
Transfer money, add recipients, view previous transfers and manage your account anywhere, anytime.
