Are you transferring money overseas this Christmas?

Speak with anyone who has transferred money overseas and you will speedily locate out that it is a entire diverse ball game to your common account transfer. There are so a lot of more elements to consider. You have exchange rates, transfer fees, recipient fees and if you are unlucky you could even be hit with another fee just by enquiring how the transfer is coming along!

I identified out all about this when a few years ago I had to transfer some money overseas to a loved ones member. I just went through my daily bank and was in the end shocked at how a lot it price me. It wasn’t just the costs either, it was the exchange rate that was the heavy cost-hitter. It genuinely does spend to do your study when hunting to transfer funds overseas. In fact, it can pay a lot.

In our 2014 International Funds Transfer star rating report, we examine the highest and lowest exchange rates that we surveyed over a 4-week period and have calculated what that potentially means in dollar terms. We also give you an concept as to how considerably the transfer is going to expense you in fees.

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

income transfer offerings in Australia and identified those who are supplying outstanding value. If you’re organizing on travelling, or want to send funds overseas for any other purpose (and there are lots of motives), it is undoubtedly worth a read.

Are you transferring money overseas this Christmas?