money transfers, international money transfer, money transfer international, money transfer companies, currency transfers, foreign currency transfer

1. How You Can Save Money When
Sending Your Funds Oversees

2. Would you like to send money to another
country? This sort of transaction is more
complicated than you probably think. In addition
to bank fees and commission, an international
money transfer entails hefty middlemen fees.
Most middlemen make their money from the
volatile foreign currency exchange rate. Another
hidden fee is charged by the receiving banks in
the foreign countries. If you are not aware of all
these charges you may get surprised at how
much your funds have shrunk.

4. As hinted above, banks are one means of
sending funds abroad. They send large and small
amounts. Prior to using your local bank, inspect
their current exchange rate and fixed fees. Then
calculate the total amount of foreign currency
your local currency can buy. Your bank is not the
only money transfer option on hand.

6. There are internet-based foreign exchange
brokers (deal with huge transactions) and money
transfer firms too. But how can you compare
deals from banks, money transfer firms and
foreign exchange brokers? You can use a
comparison site that uses a smart calculation tool
to generate the lowest and fairest exchange rate.

8. How does a comparison site
work?
It works in an idiot-proof manner that is outlined as
shown below.
 Select your local currency from a drop-down list.
 Select the currency to which you intend to send
funds from another drop down list.
 Choose the method of transfer among cash
exchange, currency transfer and travel card.
 Enter the amount and press compare.

10. The comparison site will generate data consisting
of different banks and other financial
organizations. The result will compare and
contrast listed organizations in terms of rate, fee,
buys, and margin. It will also give you more
information on each international money
transfer bank or service provider and tell you
whether registration is needed. There may be a
review of each service provider in the generated
result.

12. As a customer you should read the self-
explanatory end result and compare different
quotes. If listed banks are too expensive,
regardless of the size of the fund you want to
transmit, choose either a money transfer firm or a
foreign exchange broker. To be honest you
cannot only focus on the cheapest offer.

14. The security of the money you want to send
oversees also matters. If you are going to choose
a FX exchange broker, ensure that they are not
only registered but also authorised by a certain
organisation. In the UK, FX exchange brokers are
regulated by the FCA (Finance Conduct
Authority).

15. http://rateselect.net/