Are you transferring cash overseas this Christmas?

Speak with anybody who has transferred income overseas and you will rapidly discover out that it’s a entire diverse ball game to your normal account transfer. There are so a lot of much more variables to consider. You have exchange rates, transfer fees, recipient fees and if you are unlucky you may possibly even be hit with yet another charge just by enquiring how the transfer is coming along!

I located out all about this when a couple of years ago I had to transfer some cash overseas to a loved ones member. I just went through my everyday bank and was in the end surprised at how much it cost me. It wasn’t just the costs either, it was the exchange price that was the heavy cost-hitter. It genuinely does spend to do your investigation when seeking to transfer cash overseas. In fact, it can pay a lot.

In our 2014 International Income Transfer star rating report, we evaluate the highest and lowest exchange prices that we surveyed more than a 4-week period and have calculated what that potentially indicates in dollar terms. We also give you an concept as to how significantly the transfer is going to price you in costs.

We have also for the second year undertaken a complete evaluation of the international

cash transfer offerings in Australia and identified those who are providing outstanding worth. If you are organizing on travelling, or require to send cash overseas for any other purpose (and there are lots of reasons), it is certainly worth a read.

Are you transferring cash overseas this Christmas?