Limit order

A limit order allows you to exchange currencies in the future when the rate you’ve chosen is reached.

 

You can place a limit order for:

  • A target rate: a rate that's higher than the current market rate.
  • A minimum rate: if the exchange rate goes down and reaches your minimum rate (Stop Loss) the transfer will be processed at that rate to minimise / limit potential FX loss.

Let's break it down

Who it's for

You can make a limit order by speaking to your Relationship Manager if:

  • you've a Euro or US Dollar international current account or an international savings account and
  • you want to transfer £100,000 minimum or currency equivalent.

How it works

  • Tell your Relationship Manager the amount you want to transfer.
  • We then work out the exchange rate required to hit this and book this rate as the Limit Order unless you have a specific Limit Order in mind.
  • A standard Foreign Exchange margin is applied to the booked rate so the rate you receive may be different to the booked rate.
  • For your security we may make additional checks before acting on a particular request and may contact you to confirm your instruction.
  • Penalties may apply, dependent on account withdrawal restrictions.

What's it good for?

Here's some of the reasons you may want to make a Limit Order.

Specific rates

To make a transfer at a specific rate when the transfer is not required immediately.

A desired rate isn't available

When the rate you want to achieve is not currently available on the markets.

Charges, fees and rates

Transfer charges

Limit Order transfers are free of charge. However, correspondent and recipient bank charges may apply.

Foreign exchange charges

We will not charge any extra fees for using our limit order foreign exchange service.

Exchange rates

Exchange rates vary throughout the day so for the latest rates please contact your Relationship Manager.

To set up a Limit Order

Get in touch

For help with a Limit Order, speak to your Relationship Manager.

For your security we may make additional checks before acting on a particular request and may contact you to confirm your instruction.

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Explore your options