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HfP EXCLUSIVE: Get 50%-100% bonus Avios and lower fees on FX transfers with Midpoint

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Earlier this year we ran an exclusive offer on currency transfers with Midpoint.  The company is a well-established Avios partner and feedback from HfP readers has always been positive. The offer was more popular than we expected and Midpoint has decided to run the promotion again.

For this week (in fact, just five days, until Friday), Midpoint is offering 50% or 100% bonus Avios on money transfers, depending on how much you transfer.

The company is also cutting its fee to just 30 bps (0.3%) for transfers over £3,335. Smaller transfers pay just £10.

These offers are being promoted exclusively on HfP to new and existing Midpoint who undertake a transaction by Friday 5th November 2021.

How to earn Avios with Midpoint

What is Midpoint?

Midpoint is a UK-based platform for making international payments. It is FCA regulated.

The company can transfer funds to 55 countries in 26 currencies.  It uses segregated trust accounts at major local banks to ensure that funds remain safe.  It claims that typical individual users are expats, international students and those with property abroad.

How to earn Avios with Midpoint

The standard earning rate is 1 Avios point per £10 or equivalent currency and there is no maximum limit on the amount of Avios points you can earn.

Until Friday 5th November 2021, you can earn 2 Avios points per £10 or equivalent currency transferred if you transfer over £75,000, or 1.5 Avios per £10 if under £75,000. This applies to new and existing customers.

The service is available to both businesses and individuals.

The Avios points can be deposited in to these Avios programmes provided you have integrated your Avios membership with your new Midpoint account: British Airways Executive Club, Iberia Plus, AerClub and Vueling Club.

You could also win 10,000 Avios!

New customers will also have a chance to receive an extra 10,000 Avios on top. Midpoint is randomly selecting five new signups (personal or business accounts) who have successfully completed their first transaction during the offer period – ie by Friday.

Make sure you mention ‘HfP’ or ‘Head for Points’ as your reason for signing up and complete your first transaction by Friday. You will be asked how you heard about Midpoint on your account set-up call. The prize draw is only available to new customers.

How to earn Avios with Midpoint

What are Midpoint’s fees?

Midpoint is fully transparent.  You can get a quote on their home page here.  Midpoint uses the interbank FX rate so the fee is the only expense you have – there is no FX spread.

Fees range from 0.3% to 0.5%, minimum £10, based on the amount transferred.

For this week only, fees are fixed at 0.3% with a minimum conversion of £3,335. A minimum fee of £10 applies to all conversions below £3,335.

When you include the value of the Avios, your transfer is exceptionally cheap.  You would pay just £300 to transfer £100,000 into Euro, for example.

If you value the 20,000 Avios that you would receive at £200, it offsets almost 75% of the fee, taking your net spread down to well under 0.1% over the interbank rate.

(20,000 Avios for a £100,000 transfer = 2 Avios per £10 transferred.)

If you can write off the Midpoint fee as a business expense, the value of the Avios should be MORE than your fee.

Earn Avios with Midpoint

How do I register to earn Avios with Midpoint?

You can register as an individual or a business on this page of the Midpoint site.

During the registration process you must upload a proof of identity (i.e. passport) and proof of address.  Accounts will be approved within 15 minutes during office hours.  Some additional documentation is required for business customers.

At the end of the registration process you can add your Avios account number of the programme you would like to receive the Avios into. Make sure that your last name is the same as the one registered with your Avios account in order to receive your points.

You can find out more about the partnership on the British Airways lifestyle and finance partners page here, although it doesn’t mention this bonus, which is only for HfP readers.

The Midpoint website is here if you want to find out more

The terms and conditions of the ‘double Avios’ promotion can be found here. Whilst these terms are aimed at new sign-ups, Midpoint has confirmed to us that existing customers who place an order this week will also receive the double Avios.


How to earn Avios points from UK credit cards

How to earn Avios from UK credit cards (November 2021)

As a reminder, there are various ways of earning Avios points from UK credit cards.  Many cards also have generous sign-up bonuses!

There are two official British Airways American Express cards with attractive sign-up bonuses:

British Airways BA Amex American Express card

British Airways American Express

5,000 Avios for signing up, no annual fee and an Economy 2-4-1 voucher for spending ….. Read our full review

British Airways BA Premium Plus American Express Amex credit card

British Airways American Express Premium Plus

25,000 Avios and the UK’s most valuable credit card perk – the 2-4-1 companion voucher Read our full review

You can also get generous sign-up bonuses by applying for American Express cards which earn Membership Rewards points, such as:

Nectar American Express

American Express Preferred Rewards Gold

Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review

American Express Platinum card Amex

The Platinum Card from American Express

30,000 points and an unbeatable set of travel benefits – for a fee Read our full review

Run your own business?

We recommend Capital On Tap for limited companies. You earn 1 Avios per £1 which is impressive for a Visa card, along with a sign-up bonus worth 10,500 Avios:

Capital On Tap Business Rewards Visa

The most generous Avios Visa or Mastercard for a limited company Read our full review

You should also consider the British Airways Accelerating Business credit card. This is open to sole traders as well as limited companies and has a 30,000 Avios sign-up bonus:

British Airways Accelerating Business American Express card

British Airways Accelerating Business American Express

30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review

Click here to read our detailed summary of all UK credit cards which earn Avios. This includes both personal and small business cards.

(Want to earn more Avios?  Click here to visit our home page for our latest articles on earning and spending your Avios points and click here to see how to earn more Avios this month from offers and promotions.)

Comments (14)

  • Zana says:

    Anyone willing to share their experience with Midpoint? How “automated” is the platform once your account has been set up compared to (Transfer)Wise? Looking to do USD–> GBP and AUD–>GBP transactions mostly and wondered whether their bank accounts that you transfer into are based on local countries? For example, if you’re a UK resident, Revolut’s USD account has a SWIFT code based in the UK, so if one were transferring from a USD account based in the US, wire transfer is the only option (expensive!). Wise on the other hand offers ACH transfers.

  • Alex says:

    Are the Avios and Midpoint accounts fully name-checked? If a member of my family (same last name) were to add my Avios account on there, would the Avios credit to my account?

    • Rob says:

      They are quite laid back over at Midpoint, put it that way.

      • Mark says:

        I’m not sure I’d want someone handling my money to be “quite laid back”. Some things you want to be 100% accurate.

        What’s the benefit of using Midpoint over the myriad of FX free services? Even with the optimistic Avios valuation, you’ll still pay 0.1% in fees.

  • Stephen Lee says:

    I tried to transfer $100,000 out of Wise (Transferwise) to Midpoint and then on to GBP in our Lloyds account. Midpoint improved on the Wise exchange rate which was impressive but then it all went horribly wrong when Wise refused to accept Midpoint’s USD bank account as a beneficiary – they want to do the foreign exchange, not pass it to a competitor

    They are truly Wise !

    • dean says:

      I’ve not had issues doing USD to USD transfers with Wise for zero cost (into Wise and out), however I think it is only fee free if you use the ACH account details.

    • Pete1968 says:

      Why would you hope Wise would transfer to another FX provider’s a/c (ie not in your name)?

      Worth a try if you like long odds but pretty hopeless from the outset.

      I admire the chutzpah, though.

      • Mungo Gerry says:

        I’ve transferred from a EUR Starling account to Midpoint, and taken the money back into my GBP Starling account, no issues.

  • Anonymous says:

    Is there a fee if I were to do this with a Amex card to obtain points with Amex as well as the avios

  • HH says:

    Can you use this if you’re not UK resident transferring to your UK bank account?

  • Benilyn says:

    Can I transfer USD from my HSBC $ account (in the UK) to one of my UK current accounts in GBP?

  • Andy says:

    I completed a little GBP – $ transfer with midpoint this week. All went well.

    Pros:
    easy setup
    good customer service
    ACH transfer so no wire fee into US account.
    Competitive fees for amounts over about 2000GBP (taking into account Avios)
    Avios earned on transfers

    Cons :
    Not competitive for small transfers below 2000GBP (fixed 10GBP min fee)
    Rate not guaranteed when client puts in order, only when acted on by Midpoint
    Office hours limited Mon – Fri 08:00 – 18:00 UTC (theoretical 14 hour delay on acting on order)

    I place an order at about 9pm and it was acted on before 8am, so if you want more control of the rate I think if would be better to do it in office hours.

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