How Velocity Trade Can Save You Money on Currency Transfers

Interbank pricing

Banks obtain rates from the interbank market which contains wholesale rates straight from the market. Banks then apply a margin of up to 2.5% onto this rate and then supply this marked-up rate to customers. This margin along with the transfer fee charged to transfer money overseas is how banks profit from global currency transfers.

No fees, better rates.

Velocity Trade does not charge any fees and applies only a very small margin on the exchange rate. We are linked to some of the largest banks in the world which gives us access to these wholesale rates from the interbank market. This allows us to provide you with wholesale rates that have a much smaller margin applied to it (0.3% on average).  Since we are primarily an online company, we have much less overhead and so are able to provide you these transfers for much less cost than a large institution. 

Easy, fast and secure.

Our online LatitudeGT secure money transfer platform makes it a lot easier and a lot faster for you to transfer money internationally to any regular bank account. Once you have signed up for a free LatitudeGT account (which only takes a few minutes), you can log in to the platform and book a transfer in a few easy steps. The platform gives you control to choose the exchange rate you want, choose when to make the transfer and then track the progress of your money transfers at any time. ** The standard minimum transfer amount is $4,000 NZD or equivalent in other currencies. In most cases, Velocity Trade will accept transactions below this amount. Please click here for more information and to see our conditions for smaller transactions. 

Sign up Now

Hover over the steps below to see just how easy the platform is to use:

Click below to watch a quick video on the Latitude GT platform:

Or click here to see our online LatitudeGT user guide.