As soon as we have cleared funds in our account, the currency is exchanged and we forward it to the bank account that you have told us to send it to. It takes about 1 to 5 days, depending on the banks involved. You will need to allow for the money to clear in our account. Cheques can take 5 days, BACs transfers take about 2-3 days, and CHAPS transfers are instant. Of course. Barclays Bank are our treasury provider. We cannot do business unless we are accepted by them. Your money is held in a dedicated Barclays client account during the procedure. More information on security and regulations. We simply work on a high turnover, low profit, principle. We exchanged over 335,000,000 last year. When you exchange that much money, you get a great rate of exchange from your bank! We simply pass on the advantage we have and our clients benefit from a fantastic, LOW, exchange rate giving better value for money. Are your rates guaranteed? Of course! Once you have registered for FREE, we will provide you with guaranteed rates. If you ask us to make the currency exchange on your behalf, we will buy that money at that rate on your behalf, and then make the transfer for you. How much does it cost to use Global Currency Exchange Network? Nothing to register. No commissions charged and no telegraphic transfer costs. We have special arrangement with banks in Spain, so that our clients don't have to