Why You Should Send Sterling to or From Scotland with Xe

Xe Consumer UK

July 26, 2019 4 min read

Ahhh, Scotland.

If you could see the images in my mind as I write this, you'd see rolling green hills , historic rustic castles, and a small herd of Highland cattle grazing in the grass. If you've never seen a highland cow, they are the disheveled bovine equivalent of Rose Leslie (of Game of Thones fame) or Prince William, with the added effect of curved, pointy horns. Meaning they are ginger cows, instead of the usual black and/or white variety. (See below)

As the "camera" pans over this idyllic scene, the theme song from Braveheart plays. If you don't remember it, violinist Taylor Davis does a great cover version.

At the bottom one of the hills, there's a tartan-topped table, with a tempting meal of haggis neeps n' tatties, some Irn Bru for the wee lads and lassies, and a bottle of single malt scotch whisky for the adults. Maybe a couple of Scotch meat pies for those who aren't brave enough to partake of the haggis.

Transferring Pounds to Scotland

Now that I've set the scene (and the table) for this article, I'll simply ask you, are you from Scotland, or do you have a need to send some British Pounds there to a friend, or family member? Or maybe you've decided to invest in a Scottish property yourself. Something practical, like a quaint castle near Edinburgh, or a multiplex in Glasgow.

Photo by Louis Hansel / Unsplash
Food, tobacco and beverages (£4.3bn) make up some of Scotland's most popular exports (Irn Bru and scotch whisky included.)

The country also exports:

  • Mineral fuels (£10.2bn)

  • Chemicals (£2.5bn)

  • Machinery and transport equipment (£7.2bn)

  • Manufactured goods (£2bn)

You might find some places in Scotland where you can spend Euros, but for the most part, stores, hotels, restaurants and pubs will request British Pounds (GBP.) If your business wants to sell Scottish-made products in North America, Europe or the APAC region, transferring money with XE to pay suppliers makes things very simple.

Photo by rob walsh / Unsplash

How to Send Money To Scotland

There's just three steps to completing a money transfer to (or from) Scotland from outside the UK:

  1. ****Register for an account****, and provide eKYC documentation, including proof of identity, (such as a driver's license which has a photograph of you) and proof of address (such as a utility bill). If the account is for your business, you'll find the resources you need here.

  2. ****Request a quote**** - Tell XE how much you want to send, in which currency, and where to send it. We'll provide you with a current exchange rate, which you should act on as soon as possible to take advantage of favourable rates.

  3. ****Remit the money in your home currency ****- Send the money from your bank to **XE's bank account nearest you** via SWIFT or wire transfer.

  4. ****Track your transaction online**** - Your account will be updated with the progress of your money transfer, including SMS and email notifications of when XE receives your money, when it is transferred, and as it travels through any intermediary banks to the final destination. Our transfer tracking tools are also  to serve our clients better, and offer more transparency.

Our friendly, knowledgeable customer care team is available to help you with any concerns or challenges you may have.

Photo by Irina Murza / Unsplash

We Save You Money When You Send Your Money

XE money transfers are generally significantly less expensive than the banks. We don't charge monthly account fees. Our exchange rates are fair, reasonable, and based on the latest market rates. We've been in the international currency business for over 25 years, and have worked hard to earn, and maintain our 5-star rating on TrustPilot.

Sign up for XE Money Transfer and transfer money online 24/7.
You get free online quotes, so you know your costs before you book a transfer.

Please Note:

The information, materials, accompanying literature and documentation available on our internet site is for information purposes only and is not intended as a solicitation for funds or a recommendation to trade. XE, its officers, employees and representatives accept no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information.

XE makes no representations, warranties, or assurances as to the accuracy or completeness of any information derived from third party sources. If you are in any doubt as to the suitability of any foreign exchange product that you are intending to purchase from XE, we recommend that you seek independent financial advice first.

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