Whatever your reason for sending money to Maldives, Compare Money Transfer will make your currency transfer as straight forward and cost effective as possible.
Currency for Maldives
The Rufiyaa (MVR) is now the official currency of Maldives.
Send Money Transfer to Maldives
Every business has its own problems but one of the most common problems that businesses running overseas face is the loss that they will have to incur when they send money to Maldives. Running a business may not be a problem for you but paying huge sum of money to high street banks on each transaction could become a problem in due course of time. Business will obviously involve transaction of a lot of money.
You may to send money to Maldives to pay your staff working in Maldives or for other business-oriented tasks that may have to be accomplished. In such a situation, you may have to shed out a lot of money from your pocket just for transferring the money from your account to Maldives. This will be a great loss for the business as using high street banks is not a cost efficient way of transferring funds to Maldives.
High street banks are one of the most popular ways used to send money to Maldives. However, it is also one of the most expensive ways of sending money to Maldives as they charge their customers heavily. The transaction fee that is charged by high street banks is very high and apart from that, they also charge a commission based on the amount of money that you send to Maldives.
Other hidden charges will be extra. We can compromise with all these points if at least the exchange rate that is offered by high street banks is high. However, the exchange rate that is offered by high street banks is lower than everyone else who is offering currency transfer services. When nothing is favorable to the customer, there is no point in using high street banks after taking all the trouble.
Relax and do not worry as high street banks are not the only money transferring medium that can be used to send money to Maldives. You can also use currency transfer services offered by foreign exchange brokers and send money to Maldives without any problem. Foreign exchange brokers charge only a flat fee for the transaction that you do and this will be much lesser than the transaction charge that will be charged by high street banks. Other than the flat fee, you will not have to pay any commission or any other hidden charges.
The exchange rate that is offered by foreign exchange brokers is higher than the exchange rate that is offered by high street banks and the variation will be high when you send large amount of money. In order to benefit more and pay less, select the best foreign exchange broker from our database by comparing rates and start using their service.
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