Sending money overseas is not a topic we usually particularly enjoy to discuss among friends.
However, when a needs comes up having the right information can help you save tons of money, time and peace of mind. So if you are planning to send money overseas and you are struggling to find the perfect option to do so, I can already tell you that you are at the right place. Follow this super easy steps to send money abroad!
Your bank is probably not the best solution
Yes, I know it seems to be pretty logical to contact your bank to do this operation as they are the one with who you are dealing with for everything concerning your money. But two main reasons did that your bank is not the best. First, their commission. In average, they take 7% commission of the total amount plus the best currencies rates…at least for them. Second, the delay. Transferring money international take several days (usually 3 to 5 days) so if you are in a hurry, bad for you. Finally and not the least, they ask tons of information, and the process can be a pain in the ass.
It is all about timing
From one day to another, the exchange rate between currencies can change a lot and so wait for the right time can save you. If you have a few days in front of you, check the exchange rate and pick up the right timing to send you money overseas!
Inform you about money transfer companies
If you are wondering which money transfer companies are the best, the answer will change according to the amount of money you want to send abroad, from and to which country you are sending money but also from your point of view. Is it the best the cheapest? The quickest? The safest? For example, the Western Union can be the cheapest between France to Spain but can be the most expensive from France to Portugal. Take your time to compare the best options before going for a company or another!
Compare your options and pick the right one!
The best way to compare all the money transfers companies is to use an online comparison platform. Those platforms will allow you to find the best options in seconds and at no cost to you! On the same way, we are not visiting each hotel website to book a hotel, use money transfer will allow you to compare all the prices and get all the pieces of information that you need to make your transfer!