Money Transfers Overseas?

High st banks vs currency brokers

Why Use A Money Transfer Broker When Buying Goods From Overseas?

There are number of reasons why you should make use of a money transfer broker when you are buying goods from overseas. Today with the help of the internet buying and selling across the border has become easy and fast. You will be able to find the services and products you need online and sourcing of various supplies from the other countries has also been made easy with the help of the internet. Many companies try to procure variety of materials for their manufacturing unit and for their production unit from overseas to ensure cost effectiveness.

When the main purpose for buying the required products overseas is to save money, you will not be able to meet the purpose if you do not find a cost effective way of transferring money overseas. One of the most common ways of transferring funds overseas is to make use of high street banks. This may not be the best approach given your purpose of saving money. High street banks do not give you good foreign currency exchange rates.

They will buy the original currency at a very low price and sell the conversion currency at a very high price. You will tend to lose a lot of money on the transactions. So it is vital that you find good conversion rates for your needs. If you are going to make use of the transfer frequently, then it is best to look for other alternative means that will save you a lot of money on the long run.

You may also be looking for overseas currency transfer when you are buying property overseas. Here too it is best to avoid high street banks because the volume of the money transferred is very high. You can approach your local money transfer broker for the transaction. When you make use of money transfer broker for your overseas money transfer, they will give you their expert advise on when to transfer your money to your foreign bank account. Foreign exchange rates fluctuate constantly and wrong timing of money transfer can result in a lot of loss.

When it is timed properly, you will be able to even make profits out of your money transfers. High street banks will not be bothered about helping you profit out of your transaction as they have their own money transfer protocols and schedule to be followed.

Most money transfer brokers will not charge you any additional commission or transfer fees unlike your high street banks. Their charges will be included in the exchange rates they offer. So the entire transaction is simple and easy. You will not have to worry about any hidden charges. It is therefore advantageous to use money transfer broker when buying goods from overseas.

Compare before you transfer money overseas

Company Details

Money Transfers Overseas?

Get a quick quote

Open Account with World First

World First are located at:
Regent House, 16-18 Lombard Road, , Greater London, SW11 3RB, United Kingdom

Get a Quick Quote

Newsletter Signup to CMT

Sign up to our foreign exchange newsletter to receive news updates directly by email

Compare Money Transfer will not Share your details!

Bank Exchange Rates Comparison

High St Bank Exchange Rate

All Rights Reserved: Copyright 2006 - 2018 Compare Money Transfer Limited offering FCA Regulated Suppliers - 34 New House, 67-68 Hatton Garden, London, EC1N 8JY. +44 (0) 843 357 4882