Are you transferring money overseas this Christmas?

Speak with any person who has transferred money overseas and you will rapidly locate out that it is a entire distinct ball game to your standard account transfer. There are so a lot of far more variables to contemplate. You have exchange prices, transfer charges, recipient charges and if you are unlucky you might even be hit with an additional fee just by enquiring how the transfer is coming along!

I identified 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 by means of my every day bank and was in the end shocked at how much it cost me. It wasn’t just the costs either, it was the exchange rate that was the heavy cost-hitter. It really does spend to do your analysis when hunting to transfer funds overseas. In truth, it can spend a lot.

In our 2014 International Funds Transfer star rating report, we evaluate the highest and lowest exchange rates 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 a lot the transfer is going to price you in fees.

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

funds transfer offerings in Australia and identified these who are providing outstanding worth. If you are arranging on travelling, or require to send funds overseas for any other explanation (and there are a lot of causes), it’s surely worth a read.

Are you transferring money overseas this Christmas?