Have you ever complained about the expenses you have to pay while transferring money abroad? Does your bank make you pay more than $40 per transaction? Fear not, this article will tell you what you can do to reduce the extra expenses.
When you and your family move abroad, you may encounter a few reasons to transfer money abroad recurrently.
Another reason to transfer regularly could be sending money to your family members abroad.
For example, you want to keep sending money back to pay off your mortgage through bank transfer. By transferring through your bank, you will have to pay a separate fee each month while transferring overseas.
In the course of time, it will cost you around $40 AUD per month to transfer money overseas. That will be $480 for exchanging currencies the whole year!
So, the question is, how can you save money? By using a foreign exchange provider, it can be up to 8x cheaper than your bank.
Furthermore, they will be able to quicken the process and provide you a cheaper price if you choose to transfer regularly.
Each provider has secured payments, but to be 100% sure to pick the right provider, take a look at this article: How to choose the best FX broker.
When you have regular payments, the currency provider will also be able to provide you flexible changes for each of your transfers. You will get great value for money and you will be worry-free for your regular overseas payments.
By using compare-currency-exchange.com, it can help you find the best currency exchange provider for your specific needs. As you choose your provider, it is important to compare each provider and be attentive to detail.
Fill in the form here and you will receive up to 4 quotes from the providers. In this way, you will be able to receive a price of 8x cheaper than the bank.
DON'T SPEND YOUR TIME AND MONEY BY COMPARING LOCAL BANK FEES FOR CURRENCY EXCHANGE