Cheap Money Transfer

If you need to send money internationally, remitting funds electronically with a money transfer service can be the fastest, most secure option. You may think sending funds abroad has to be expensive, but if you avoid traditional banks, that is not the case. Many providers offer bank-beating exchange rates and low – often no – fees, making it easy to find a cheap money transfer. Enjoy the ease of having the funds arrive quickly ─ sometimes even the same day ─ to almost anywhere in the world. Not sure where to start looking for the best provider to meet your needs? FX Compared delivers all the information needed to choose the right broker, offering support for more than 60 different currencies in 89 countries.

Finding the Right Cheap Money Transfer Provider
Whether you’re an expat looking to put a deposit down on an apartment in a new country or a parent wanting to send money to a child studying or traveling abroad, you can find a cheap international money transfer sure to be completed under a short timeline. However, when searching for the cheapest money transfer, it’s important not to compromise the security of your bank account. Shop around until you find a company with a strict vetting process, to ensure you don’t unknowingly put your trust in a provider with less-than-sincere intentions. Ensure any provider you consider partnering with operates under full accordance with the local market regulatory standards, such as those upheld by ASIC, FinTRAC, FCA and FinCEN. Double check to ensure the company won’t charge you any hidden fees, as there are few things more frustrating that feeling like you’ve been taken advantage of after the transaction has already been finalized.

You certainly don’t have to sacrifice your financial security to find the cheapest international money transfer available ─ you just have to be savvy. Transferring money online is just like sending cash, so after you put the process in motion it can be very hard to get the money back. However, you should know that under the Dodd-Frank Wall Street Reform and Consumer Protection Act, companies must give you your money back if you cancel the transfer within 30 minutes. Companies are also required to conduct an investigation if you report a problem with your transfer. It’s important to know your rights prior to completing a money transfer, to help ensure your funds don’t end up in the wrong hands.

Why pay pricey transfer fees when you don’t have to? Take the time to look for a cheap money transfer the next time you need to send money abroad. This quick and easy practice has become the leading way to move your money across international borders. Banks are notorious for charging sky-high rates on foreign transfers. Rather than paying a hefty transfer fee, keep your hard-earned money in your wallet by refusing to settle for anything but the cheapest money transfer available. You’ll never regret taking your time to find a money transfer provider offering a tremendous value, but you’ll be kicking yourself if you agree to pay more than necessary.