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tips on transfering money

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Tips on Lowering International Transfer Fees

Few essentials, tips and tricks to simply save few dollars on each money transfer you make. A few dollar here and there can add up to pretty significant sums at the end of the year, especially as nowadays we send money online almost each day. 

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Check Exchange Rates

Remember that finding a transfer platform which has low transfer fees or even let you send money for free is not enough. As overseas payments often include currency conversions the transfer companies put markups on the exchange rates, which adds up to the hidden transfer costs. That's why it's important to check it, even by a quick google search to make sure you are not overcharged.

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Compare Providers

The remittance market is heavily competitive. There are hundreds of money transfer companies. That's why it's important to take a look at the most recent offer from time to time instead of sticking up only with one old-school platform.

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Read Reviews and Compare Feedback

Don't get lured into a platform by simple advertisement. It's essential to do your own research, read other customers' feedback or read experts' article, where they explain any potential hidden fees and payment rules. A well-written overview can be crucial. For example here is a full-article TransferWise review. The author mentions BOTH advantages and disadvantages, which is very important for making the decision.

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