Overseas employees salary services
If you have employees that have been relocated to or based in different countries, then RationalFX will be able to save both you, and them, a significant amount of money with our overseas employee services. RationalFX can help in the following ways:
- Transfer salaries with no fees and excellent exchange rates.
- Regular payment plans for employees to move money home to pay for property and other domestic bills.
- Bonus payments foreign exchange, including Stop/Limit orders to maximise value.
- Fixing exchange rates (Forward time options) to lock in at the right rate and take advantage of the current situation.
Case study:
A sports club is based in the UK, but have many employees who are living or based abroad all over Europe. Therefore, all of the income that the company is making would be in sterling; however, their employees will need to be paid in euros. You can guarantee yourself an exchange rate for up to 2 years in advance and we can arrange your employees to be paid on time. You can transfer one lump sum at an agreed exchange rate, which we can distribute to employees that you specify. Therefore, the company’s payroll is accounted for at the start of their financial year. Risks are also reduced as you do not have to make lots of small payments to individuals, so you will not pay any more to accommodate for exchange rate drops.
