3 More Tips To Help You When You Do Your Currency Transfer
Tip 4
Use an FX Broker that has arrangements with receiving Banks which will minimize any receiving fees on the currency transfer. The receiving Banks will often charge to receive the currency transfer. In Spain for example they can charge as much as 0.5% just to receive the monies !!. So there are significant savings to be made here
Tip 5
If you are worried about fluctuations in exchange rates and your purchase could be some time off then use an FX Broker that can 'forward' buy. You then know the rate is fixed - no more sleepless nights !. You then don't have to worry about the rate when you do the currency transfer and you can now budget properly for your purchase. Banks do NOT offer this facility. More on forward buying and different transactions.
Tip 6
Choose a currency broker that is interested in you, or your business. You need a currency broker who will take an interest in your needs and will then advise on the best way to maximise the net amount from the foreign currency transfer. Ask the broker why they are special and what guarantees they have that you are indeed getting the best exchange currency rates etc..
Goto Why Global ?
Our Recommendation
We recommend Global Currency Exchange Network to all our clients. They specialise in currency transfers, offer a fantastic service, meet all the above criteria and as you will see later offer other advantages as well. Which ever Broker you decide to use - you will save money if you follow the above tips. .Remember :
Tip 1 - Use an FX Broker Not a Bank
Tip 2 - The Broker should have be FSA
authorised
Tip 3 - Ensure the Broker does not make
ANY charges
