Transfer Money Abroad - Beat The Banks

Should you need to transfer money abroad there are a few straightforward options for you to consider. In addition to transferring money via popular high street banks such as Natwest, Lloyds, HSBC, Nationwide or Barclays there are specialist currency companies that make it possible for you to send money transfers very secure, very cheap, and hassle free. In addition, you usually get a much better rate like on the eurusd chart live than that at any high street bank, and the best part is most will not charge you a fee!

First, how much do you need to send? Many banks will put a limit on the amount you can send in one transfer. Customers of banks such as Natwest, Lloyds, HSBC, Nationwide or Barclays can often find themselves having to make several transactions to transfer their money abroad. Maybe for a property purchase or such like.  Using a currency service allows you to send the amount you need in one go, and avoid many extra fees, and fluctuations in rates from day to day.

Do you only need to send small amounts, but regular to family or friends? Again, fees at high street banks such as Natwest, Lloyds, HSBC, Nationwide or Barclays make this type of transaction expensive. Using a currency transfer service allows you to send whenever you want, with zero fees.

Would you like to make your transfers easy? Many people use their bank, because it’s easy. They already have an account, and they can do it all online. However, what they don’t realize is the bank is making them pay through the nose for this service.

Here's How You Save When You Transfer Money Abroad

Opening an account at TorFX takes only a few minutes to complete, and once it’s done you can transfer money abroad at a moment’s notice. You’ll benefit from no commissions, better exchange rates than most banks, and best of all a dedicated team of currency specialists on hand to advise on the best time to make payments. Far better than some telesales guy at your bank, who has zero knowledge of the currency markets.

You should not underestimate the money you will save on fees, and exchange rates by switching from a bank to transfer money abroad.

As an example banks will charge you anywhere between £15 and £30 per transaction. You will also get a poor rate. If say a bank had a rate of 1.15 for Euros, and charged you a fee of £30, and a currency specialist had a rate of 1.17 and zero fee, you would save £40 on a £500 money transfer.

This adds up quickly on larger payments, and regular transactions. If you sent money every month for mortgage payments abroad, the money you save could actually equal one free payment each year!

So before you transfer money abroad using Natwest, Lloyds, HSBC, Nationwide or Barclays, take a moment to look at the other safe, easy and secure options.

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