Sending Money Abroad to Family or Friends?


Whether it’s emergency cash to bail out a son or daughter who’s travelling overseas or a wedding gift to celebrate a far-off friend’s wedding, most people need to send money abroad at some stage in their lives. When you do it makes sense to choose a service that’s safe, reliable and convenient. After all, who wants to let down a close friend or leave a family member stranded? Most people choose their banks to make transfers. But the fact is that this can be an expensive and time-consuming way to get the job done. Plus, you’ll find that much of your money gets eaten away by unfair transfer fees and poor exchange rates.

 

Step 1 : Enter amount

Step 2 : Choose "From" currency

Step 3 : Choose "To" currency

Find The Best Rates

Step 4 : Click & Save


That’s where we come in.

At currencytoday.co.uk our experts have scoured the web and utilised industry expertise to bring you trusted currency brokers who can save you time and money. By using our site you can be safe in the knowledge that your funds will arrive speedily and securely – and that more money gets to the people that matter to you most.

The problem with banks

Banks are still the go-to method most people use to transfer currency. And banks often use this fact as an excuse to offer terrible deals and worse customer service. Transfer fees of £20 to £40 a time are common. And if you ask an expert you’ll soon discover that their exchange rates are some of the worst on offer. All too often this means that the banks pocket a large percentage of the cash meant for your friends and family overseas. And is transferring cash through your bank really so simple? We all know that organising transfers online or by phone is a hassle when you have to remember complicated passwords and provide obscure overseas account details.

It’s even worse if you transfer through a branch, as you have to queue up and supply bank details for the person you’re paying every single time. Bank bureaucracy can make the process slow and complicated – which leads to delays and extra stress and frustration. And in emergency situations even minor delays are the last thing your loved ones need.

A smarter way to transfer currency

Today there is a better way. By using a trusted currency broker you can secure the bank-beating exchange rates and low transfer fees you want, plus the speedy service you need. We work with all the market-leading currency brokers who have the power to pass on the best deals to you at the same time as maintaining the very highest levels of service. For example, here’s what makes using Transferwise, one of the carefully selected companies that feature on our site, so superior to the banks.

1. Low transfer fees to overseas bank accounts. It costs just 0.5% of the total amount, or £1 on amounts under £200, to transfer your money. What bank can beat that?
2. Speedy payments. Because your friends or family need funds fast, Transferwise can get currency to them between two to four working days.
3. Hassle-free online transactions. Managing transactions online is secure and simple through their easy-to-use site.
4. Simple payments. There’s no need to queue at the bank – simply pay by secure direct debit or bank transfer for amounts above £2000.

Look at our case study to see how you could save:

Case study: How we helped Andrew enjoy his overseas adventure
When 22-year-old Andrew Shaw got a two year visa to work as a bar person in Australia his parents were delighted to see him start an adventure down under. Six months later they weren’t quite so happy to hear that he was running low on Australian Dollars, but dutifully transferred £800 to his Aussie bank account to help him get by. However, the real shock came after they made the transaction. Andrew’s parents were disgusted to hear that Nat West had charged them £30 to transfer their cash – and the amount Andrew received was much lower than they expected.

Smart savings, secure service

So when Christmas came and they wanted to give their absent son a present to remember they decided to try something different. A friend whose daughter was travelling around Asia suggested they look into Transferwise as a cheaper, but secure, alternative to their bank. They liked the way the site was so transparent about what they’d pay – and loved the fact that they’d only be charged a flat fee of 0.5% while enjoying the headline exchange rate. This meant their Christmas present of £500 cost only £2.50 to send – that’s less than the price of a latte.

No hidden charges

Want to follow the Haimes’ lead?

Click on this link to learn more about Transferwise.


 

 

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