Mexico is a very popular destination for people who are considering purchasing a property abroad. Whether you are migrating t o Mexico permanently, staying temporarily or just buying a property as a holiday home, ensure that you save as much money as you possible can when you make your money transfers to Mexico.
Property purchasing usually means the transfers of huge amounts of money. There are some costs to consider when transferring large amount and they are exchange rates and commission. Transfer fees are typically not a factor for large transfers as a lot of providers charge a flat fee no matter the amount.
Exchange rates from a bank or money sending bureau can be extremely low and therefore inhibit the return you get when exchanging your pounds for pesos. This is the same case as with commissions. Commissions are usually set on a percentage basis, so the larger amount you send, the more you end up paying to the providers themselves. This could end up costing a lot of money.
Using a foreign exchange broker like RationalFX can save you up t o 10% when compared to other money transfer providers. We offer excellent exchange rates, maintain a 0% commission and our transfer fees on large amounts are zero. Get a quote from us now and see how much money you can save on your money transfers to Mexico.
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