Get more for your money with online money transfer services!

Thousands of us transfer money abroad each year; either for commercial or personal reasons. We could be buying property abroad (in the sun) or even moving funds across the UK.

Whatever the reason you choose to transfer your cash, it’s important to be safe while doing so.

While many of us choose the easy option of using our banks when transferring money, we forget that they often don’t offer the best exchange rates or services. It’s important to think outside the box and consider alternative online money transfer services that work hard to give you the best value.

Here are some tips to help you get even more for your money when using international money transfer services:

1.Find the best exchange rates

Now you can walk slowly to your local bank to transfer money, but you won’t find the best exchange rates. Banks rarely, if ever, offer the best exchange rates.

Instead, why not opt ​​to use a forex expert? With so many options to choose from online, there’s no reason to lose money when exchanging currencies or sending money abroad.

2.Find the cheapest rates

If you’re going to be sending money abroad on a regular basis (perhaps for a pension or a mortgage), then it’s important that you choose the best company with the lowest fees. Different companies will charge different fees, depending on how much you send and where you send it, so be sure to do your research.

Depending on your needs, some of the best online money transfer services will offer free transfers in exchange for a monthly or even yearly fee. If you don’t send money abroad more than once a month, this might be a cheaper option.

3.Make sure your service is regulated

When transferring your money abroad; Safety and security should come first and should always be at the forefront of your mind. Therefore, it is important that you make sure that any cheap online money transfer services you use are regulated by the Financial Conduct Authority (FCA) or the Financial Services Authority (FSA).

With these three tips in mind, you can be 100% sure that you are getting the most for your money when you use a fast online money transfer service company. After all, no one wants to take chances when it comes to their wallets!