Client success stories
At Ibanista, we pride ourselves on providing personalised, efficient, and cost-effective solutions for international money transfers and financial management. Explore our success stories through three standout cases where we’ve made a significant impact on our clients’ lives, showcasing our expertise and dedication.
Case 1: US client buying a property in Nice
How we helped our client save $32,500
Our client was able to save an estimated $32,500 on their property purchase in Nice, thanks to our strategic currency management and proactive administrative support.
Where they were
The client was selling a beautiful property in Aspen and banking with Merrill Lynch, amid concerns about the Federal Reserve’s discussions on cutting interest rates. They needed a secure place for the proceeds from the Aspen sale while their French property purchase progressed, ensuring cost-effectiveness in financial, legal, and structural aspects, and mitigating risks associated with potential Federal Reserve policy changes.
What we did
To achieve this, we conducted a comprehensive currency audit of the client’s existing solutions and provided a detailed checklist for evaluating their bank’s offerings. This ensured our pricing was competitive and our expertise valuable for managing interactions with French banks and notaires. We then developed a bespoke currency strategy to manage volatility during the four-month period from offer acceptance to closing. This strategy was tailored to the client’s risk tolerance, enabling consistently attractive trading levels without overcommitting.
Additionally, we managed all administrative tasks related to the property transfer. By proactively liaising with the notaire and handling all necessary paperwork, we allowed the client to focus on their move.
End results
As a result, our client saved an estimated $6,000 in currency fees, achieved an average trading level 2.3% higher than when we first made contact, and realised a total estimated saving of $32,500 on the transaction. The property purchase was completed on time without extensions, and we now manage their annual living expenses in France.
Case 2: Retired musician moving back from Brittany
How we helped our client save £2,200 and ensure a smooth transition
Our client was able to save an estimated £2,200 and ensure a smooth transition back to the UK, thanks to our comprehensive currency management and efficient administrative support.
Where they were
Our client, a recently widowed retired musician, wanted to move back to Aberdeen after 20 years in France. He was banking with Credit Agricole and faced complications due to French inheritance laws requiring separate accounts for his share and his stepson’s share of the property sale.
The client needed a quick and painless receipt of funds back to the UK, a simple solution for his stepson, and a cost-effective way to convert funds back to Pounds.
What we did
We conducted a thorough currency audit, demonstrating substantial savings compared to his French bank’s offerings. We then provided dedicated EUR accounts for him and his stepson, meeting the notaire’s requirements. To ensure compliance, we assisted with all reporting in both France and the UK ahead of completion.
To streamline the process, we set up automatic payments to transfer funds to their respective UK accounts promptly after conversion. This allowed the client to receive funds quickly and move forward with his UK house purchase on time.
End results
As a result, our client saved an estimated £2,200 in currency fees and received funds in their UK bank accounts within 4 hours of the euros being sent from the notaire’s office.
Case 3: Client buying property in the Quercy
How we helped our client save £3,300
Our client was able to save an estimated £3,300 and secure a favourable exchange rate for their property purchase in the Quercy, thanks to our tailored currency solutions and thorough preparation.
Where they were
The client had spent two years looking for the perfect property in France and was concerned about exchange rate fluctuations due to elections in the UK and France and potential Bank of England interest rate cuts. They were also facing difficulties obtaining helpful currency conversion quotes.
What we did
We provided blind quotes for each instalment already committed in France, enabling the client to compare our offerings effectively. We prepared for seamless execution by coordinating all requirements for transfers, meeting standards for checks by UK banks, and the notaire’s verifications. We secured a favorable exchange rate for the property deposit and used a forward contract for the remaining balance, allowing the client to keep funds invested in the UK until needed.
End results
As a result, our client saved an estimated £3,300 in currency fees, secured the exchange rate at multi-year highs, and maintained funds in high-interest accounts in the UK until completion.
Want more success stories?
If you’re interested in hearing directly from our customers about their experiences with us, we encourage you to read their reviews. Visit Trustpilot now to see why our customer trust Ibanista with their currency needs and discover how we can assist you with your next transaction.
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