Did you know that almost 80% of people and 90% of businesses still use their high street bank to make international payments and lose billions of pounds as a result!
Buying or selling international investments or property, transferring pension payments and salaries, topping up an overseas bank account or simply sending a lump sum home? Whatever your reasons for making an international money transfer, it pays to shop around for the best deal by comparing your bank to one of the many currency specialists that now exist.
When it comes to transferring money overseas, no one solution is right for everyone, so do the sums before you send your money.
When making or receiving international payments, the costs fall into main areas: fees and the exchange rate. When shopping around and comparing your bank to a currency, make sure you look at both.
Remember exchange rates change minute by minute, so to compare one company to another you need to do the comparisons in quick succession one after the other.
Consider how important your money is to you we’d recommend you undertake the following checks when choosing a currency specialist.