Tuesday Tidbit – TBOS Helps Client Find European Exchange Rate Solution

Currencies

This week one of the recruitment agencies on the TBOS books has taken on a recruitment consultant who makes permanent placements in Europe. The client asked us if it was worth setting up a Euro Account to receive the funds from the clients instead of the client paying into their GBP bank account.

TBOS advised them that by having a currency account, this would reduce the chance of currency losses from the funds received from the clients, allowing them to decide on when to convert the Euros back in to sterling, when the exchange rate is in their favour. TBOS also spoke to the bank and arranged for the forms to be completed to get the account set up, saving time and money for the client.

TBOS offer advice to clients on banking for recruitment agencies, invoice finance, asset financing and much more.

See how TBOS could benefit your business by contacting us today via our website or call 0845 8811 112.