The bank is the traditional method of sending money abroad; but banks offer the most expensive exchange rates and have fees and charges you will not find elsewhere..
Probably the slowest method of sending money to another country. You will be charged by your bank or post office for the cheque and the recipient will also have to pay a charge to cash the cheque.
Online Transfer Specialists
Dedicated transfer companies have grown rapidly over the past two decades alongside the digital revolution. They offer quicker transactions with better exchange rates and lower fees than banks. There are two types: traditional FOREX transfers or Peer 2 Peeer transfers. These companies offer the best value for international money transfers. The most common method of payment is into a bank account.
Cash Pickups Abroad
Some online transfer companies will send money abroad to be collected as cash. Useful if the recipient is in another country without a bank account. However, the "pickup point" has to be paid and this tends to become a more expensive option than a transfer direct into a bank account.
With its origins as an online global payment processor Paypal has become increasingly popular for sending money to another country. Its fees are cheaper than a bank but more expensive than the dedicated transfer companies. Paypals downfall is its problem with fraud.
We present clearly and precisely the pros and cons of the TOP international money transfer companies; helping you find the best deal available.
There are lots of money transfer companies and it is difcult to know who to trust your money with. At FundsAbroad we have studied lots of these transfer companies.and present on this site our top five. Below are the criterias we looked for in each company :
The company credentials
FundsAbroad.com only recommends companies that are established, with a solid track record and regulated. You can rest assured that your money is in safe hands during the transfer.
How long does it take?
All the money transfer companies featured in the FundsAbroad.com website provide the quickest international transfers available. They are all much quicker than any high street banks.
How much does it cost?
The money transfer companies FundsAbroad.com recommends are the most competitive in the market. They are all much more effiecient and cheaper than banks, saving you time and money.
What countries does the company serve?
Find out quickly which countries or currencies are covered by the financial transfer companies featured on FundsAbroad.com.
How to proceed and how do you get your funds to the transfer company
So you've found your perfect transfer company. What's needed to set up an account? How can you get your money to the transfer company and how is the money paid out?