International Money Transfer Quote over 10000? Get Money Transfer Quotes Online today by comparing international money transfer quotations from companies specialised in currency exchange. You can say goodbye to hidden bank fees as you get live transparent quotes.
So why are high street banks charging more than foreign exchange specialists?
To be honest the simple answer is they can. High street banks know based on data and customer experience that most people will rather pay more by just using their high street bank than get a foreign exchange quote from a specialist currency dealer.
It cant be that much of a difference?
It is and you would think it would be cheaper the more you exchange? On average currency, dealers vary substantially when you compare to high street banks. The average is 5% but this can be as high as 8 to 10% if you are exchanging exotic currencies.
So how much is that in money terms?
Well, your bank versus money transfer broker, let's base it on the 5 % but this will be naturally lower for businesses customers. So as a private client you want to get 5 % margin difference from your banks in addition to transfer fees
You send money transfer via your bank for £100,000 payment to France or Spain and losing out on average £5000.
But banks foreign exchange quotes are safer than currency dealers?
Not anymore, they are all regulated and authorised by FCA, a Big difference is currency dealers have to put your money in a segregated client account, Banks do not. Currency dealers will send your payment the same day whereas banks can take as long as 5 working days unless you pay an additional fee which most people pay.
Get Money Transfer Quotes Online
You can save your hard earned money by obtaining money transfer exchange quotes through specialist currency brokers. Not sure who to use? Sign up for several and see what they offer? This way you are truly maximising the value of your international payments.
Above is a selection of currency brokers who have been working with us for years? In some cases, 11 years and will guarantee to get you a better-than-bank exchange rate. Not sure ask your bank for a price and watch our currency dealers beat it and offer you a personalised service and educating you on currency options geared to foreign exchange industry.
So start saving money and Get Money Transfer Quote Online and save thousands on your international payments.
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