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Q:

For international payments, how does pre-booking and autobooking exchange rates work?

A:

For international payments, currency Inter-Account Transfers and foreign drafts where you need an exchange deal, you can either pre-book the deal or autobook it.

When you make a payment using a pre-booked deal, you need to enter the deal reference. If you leave this blank, and the payment is for execution today, Bankline will show you an indicative exchange rate. You then need to fully authorise and send the payment, before Bankline will autobook the deal, and show you the actual rate.

Using Hold and Release payments
If a fully authorised payment meets the criteria to be held, you'll need to release it before Bankline books the deal and shows the actual rate

 

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