Foreign Exchange and Expat Money Transfers
It can be surprising to learn how much your banks charges for currency services. In addition to transfer fees, a poor exchange rate mean you could be spending far more than you thought.
Bank fees can range between £10 and £30 (or $,€) for the transaction itself before a 'bid-offer spread' (the difference between the bank's buying and selling price) of a further 3%-7% is applied. So a transfer of £1,000 could unknowingly cost you £100, a huge 10% of the transaction value.
Expat Advisors use currency brokers that compete for your business and bring the costs down. Without initial transfer charges, fees are taken from a small bid-offer spread and is factored into the transfer value, equating to a fraction of what banks charge.
With transfers possible in any tradeable currency, paying high transfer fees can be thing of the past. Transfers can be managed via email, telephone or online to save time and money and without leaving your home or office. To learn more, complete our contact form and we'll show you how to make huge savings on your foreign exchange transfers.