If you are retired and living overseas you may be reliant on your pension being transferred each month into your overseas account. The currency markets directly effect your income, for good or for bad. A good international money transfer company will help you make the most of your monthly transfer and give you more money in your pocket. At the same time the transfer will be easier and quicker.
OFX and TorFX offer recurring transfers. Once set up the transfer is automatic every month. Meanwhile you profit every month from lower fees (80-90% less than a bank transfer) and lower exchange rates. The monthly savings you make soon adds up!
Using a good money transfer company for an overseas property transaction is essential.
Whether you are buying, selling or investing the right transfer will save you a lot of money, time and hassle. Don't leave it to the last moment. We recommend you register with a transfer company early and start a dialogue with your account manager who will advise on the options available, depending on the state of the currency markets.
If you are buying and find your dream house the chances are you will need to transfer money quickly to secure the deposit. Maximum 2 days with a transfer company whereas a high street bank will take longer and cost you a lot more (remember until this deposit is paid you risk loosing the property).
Otherwise you will proabaly have more time to transfer your money and this is where the transfer professionals excel:
Very competitive exchange rates
Options to wait for the rate to move in your favour
Low or no fees
Fixed rate transfers
Transfer companies offer more options than the banks. Which option is best for you depends on the circumstances: currency and the markets. The goal is to get you the best deal possible and save money!
FundsAbroad recommendations for purchasing property overseas:
The CurrencyFair Wallet is perfect to be in a position to transfer a deposit quickly. Otherwise CurrencyFair offers rate alerts and a limit order contract to wait for the best moment to make a money transfer. Support with CurrencyFair is all on-line.
OFX offers forward contracts and limit orders to maximise your transfer. You will have an account manager to advise and 24/7 telephone or email support.