Using a currency exchange comparison website like Compare Money Transfer could be the difference to saving you or your business thousands of pounds. On an average test a consumer buying a property abroad for 350,000 euros could be losing out on 5% more currency as these are the Foreign Currency Exchange brokers provide their service for private individuals who need to do a money transfer internationally for transactions over £5000. The main bulk of payments done for consumers are people paying for an overseas property or expats moving overseas.
The other part of currency brokers look after is for business clients where businesses looking at transferring money on a regular basis internationally. Currency brokers clients range from sole traders to medium businesses to corporate companies transferring thousands to millions per day. Compare Money Transfer can help you find the right company to transfer your money with, saving you money and cheaper than your local bank.
Using Compare money transfer comparison service will save your business money if you are paying suppliers, importing or exporting goods or even paying your staff abroad. Using a money transfer broker is essentially transferring your money to their banks segregated client account instead of using your bank with the benefits of better foreign exchange rates, no transfer fees and usually no commission free. Have a look at our Compare money transfer comparison tables and see which company can offer you the best rate of exchange.
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