If you’re moving overseas and need to transfer money, you might be at a loss as to how to go about doing that. You might have questions about where to go, how much the transfer will cost, or which company is the best to use.
First. I’d like to share with you the most important during an international money transfer, which is how to select a specialist money transfer service.
WHAT IS THE MOST IMPORTANT FACTOR OF A MONEY TRANSFER?
When considering whether or not to use a money transfer or which company to choose when doing a money transfer, there isn’t just one main factor to consider. There are actually several.
- THE EXCHANGE RATE
- THE AMOUNT OF MONEY YOU ARE TRANSFERRING
- COMPARE THE TRANSFER FEES
3 REASONS TO USE A SPECIALIST MONEY TRANSFER SERVICE
MONEY TRANSFER SERVICES SPECIALIZE IN WHAT THEY’RE DOING
For a money transfer service, transferring money is their business — it’s what they do all day, every day.
These companies work hard to ensure their rates are competitive and that you receive the best exchange rate at the lowest price possible. They have years of experience and resources behind them to ensure you get the most value for money and your transfer is a hassle-free experience.MONEY TRANSFER SERVICES CAN SAVE YOU TIME
Yes, using your bank is definitely an option, and if you don’t mind completing lots of paperwork and physically visiting your local bank branch (a requirement for most banks), then you can arrange a wire transfer through your bank.
You won’t be getting the best exchange rate though and you will certainly be paying more fees than you should be.
A money transfer company does all the hard work for you. They’ve really streamlined the entire process which can be completed securely online in minutes.MONEY TRANSFER COMPANIES CAN SAVE YOU (A LOT OF) MONEY
As mentioned above in order to get the very best exchange rates you need to use a specialist money transfer agency. You will save a ton of money in fees and by securing a much more favorable exchange rate compared to what the banks can offer you.
TIPS FOR SAVING ON YOUR INTERNATIONAL TRANSFER
The best tips for saving on your international transfers are those listed above.
- Shop around. Find the best rates for you.
- If you’re sending small amounts of money that don’t need to get there quickly, don’t use international wire transfers at all.
- Double-check the exchange rates.
- Pick a company based on the best deal for the amount of money you are sending.
MONEY TRANSFER SERVICES RECOMMENDATION
- XE MONEY TRANSFER
- OFX
- Epay (Support pick-up cash. minimum fee only 1.5 USD with the high exchange rate)
- [TORFX]（https://www.torfx.com/）
- [WORLDFIRST](https://www.worldfirst.com/us/）