Foremost Currency Group International Money Transfer Service

Trade over 40 currencies with no fees with Foremost Currency Group.  

Foremost Currency Group is a specialist money transfer service helping consumers safely send money internationally with no fees and competitive exchange rates. This is suitable for consumers who need to send one-off payments or make regular transactions.

Product NameForemost Currency Group
Min. Transfer AmountAUD 1,000
Max. Transfer AmountNo limit
Transfer MethodsOnline, Phone, Agent, Bank Account to Bank Account
Transfer OptionsRegular payments, One off payments, Market orders, Forward contracts
Transfer Speed
Minimum transfer time
1 day
Customer ServicePhone, Chat, Email
Available CurrenciesAED, AUD, BHD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HRK, HUF, INR, JPY, KES, MXN, NOK, NZD, SEK, SGD, USD
Online Transfer FeeAUD 0
Branch Transfer FeeAUD 0
Phone Transfer FeeAUD 0
Exchange Rate UpdatesReal time

Pros

  • No transfer fees
  • Agent available to assist with transactions

Cons

  • Minimum transfer amount of AUD$1000

Foremost Currency Group exchange rates

Foremost Currency Group is a specialist foreign exchange provider so they’re able to purchase currency at wholesale prices direct from the market. This means they can give consumers a better deal and competitive rates, often much better than what you’re offered by your bank. These exchange rates are updated constantly to reflect market conditions. Once you have an account, you can request quotes for up-to-date exchange rates via the online portal.

How much does it cost to transfer money with Foremost Currency Group?

Foremost Currency Group promises to charge no transaction fees or commissions on any quotes provided, which is great news for consumers. But they need to make money somehow! Foremost Currency Group charge a small margin on the mid-market exchange rate. There is a higher margin charged for more exotic currencies compared to the major currencies. However, this margin is still often much less than what is charged by the big banks.

Minimum transfer amount and available countries

The minimum amount for a transaction is AUD$1000. This is lower than many other providers, however some foreign exchange services have no minimum amount requirement. Because of this, Foremost Currency Group is ideal for larger transactions. There is no maximum transfer limit.

Foremost Currency Group transfers money in the world’s major currencies, including:

  • UAE dirham (AED)
  • Australian dollar (AUD)
  • Canadian dollar (CAD)
  • Swiss franc (CHF)
  • Chinese yuan (CNY)
  • Czech koruna (CZK)
  • Danish krone (DKK)
  • Euro (EUR)
  • Hong Kong dollar (HKD)
  • Hungarian forint (HUF)
  • Japanese yen (JPY)
  • Norwegian krone (NOK)
  • New Zealand dollar (NZD)
  • Polish zloty (PLN)
  • Qatari riyal (QAR)
  • Swedish krona (SEK)
  • Singapore dollar (SGD)
  • Thai baht (THB)
  • Turkish lira (TRY)
  • US dollar (USD)
  • South African rand (ZAR)

What types of transfers can you carry out with Foremost Currency Group?

In addition to one-off or regular transactions, Foremost Currency Group also offers the following trading tools:

  • Market orders. If you aren’t restricted by a certain date, you can indicate your desired rate and Foremost Currency Group will execute your transaction as soon as the exchange rate is available.
  • Forward contract. This tool allows you to lock in an attractive exchange rate now for an unspecified transfer in the future.

Pros and cons of using Foremost Currency Group

Pros

  • No transfer fees
  • Various transfer products available, including market orders and forward contracts
  • Agent available to assist with transactions
  • Transactions processed within one day

Cons

  • Not as many currencies supported, including many exotic currencies
  • Minimum transfer amount of AUD$1000

The registration and transfer process

You’ll need to open an account before you can send money overseas with Foremost Currency Group, but this can be done quickly and easily online by clicking the green ‘Go to site’ button at the top of this page. Select whether you need a joint or single account, then you’ll be required to provide basic details such as your name, residential address and contact details. You may be required to supply extra details if you wish to send larger amounts of money.

To make a transfer, you’ll need to provide the necessary details to Foremost Currency Group:

  • The amount of money you wish to send
  • What country you wish to send the currency to
  • How the money will be transferred and received (eg bank to bank, phone, online)
  • Where the money is going, including details of your recipient such as their name, address and bank account information
  • How you will pay for the transfer (debit card or bank transfer)

Foremost Currency Group will provide you a quote for the transfer based on the details you’ve provided. If you’re happy, approve the quote and the transaction will go ahead.

If you believe Foremost Currency Group is the right service for your foreign exchange needs, click the ‘Go to site’ button on this page. You’ll be securely redirected to their website where you can open an account for free, with no obligation to make a trade.

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