Currency brokers can save you money when converting and transferring large amounts of money abroad for property purchases or business because they offer better exchange rates than banks and advice on when best to convert currency.
A user has asked: I wish to receive euros from a house sale in Bulgaria but I need it to go into a euro account. What’s the best way to get this set up. Answer: If you are converting a large amount of Bulgarian Lev into Euros, you should be able to save a significant […]
How can I get the best rate when receiving Euros from abroad from a house sale? Read More »
A reader has asked: Can I open a business euro account online? The good news here is that yes you can. In fact, you can open most business accounts online, although depending on your requirements you will be better off with a challenger bank like Starling or Revolut. Both of those challenger banks offer slick
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The FCA has released a fairly interesting occasional paper titled: “Fair exchange: presenting foreign exchange quotes to improve consumer choice.” The paper was written by Chris Burke, Lucy Hayes, Cherryl Ng and Laura Smart and looks at how and why consumers with an upcoming currency exchange compare exchange rates. Why people don’t understand foreign exchange
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A user has asked: I am looking for a service that can handle the conversion of 500,000,000 YEN to USD. The answer to this question is that you really need a currency broker for a large foreign exchange conversion. Using a currency broker for large transactions will give you better exchange rates, more control over
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Transferwise, the online money transfer service, has now issued over a million currency cards in partnership with Mastercard. It’s remarkable really seeing as Transferwise only started in 2010 as a peer to peer currency transfer service. Transferwise say they want their multi-currency account to replace expensive old fashioned bank accounts for expats, freelancers and travellers.
Transferwise has now issued 1 million cards in partnership with Mastercard Read More »
Still on the fence about transfering money with Currencies Direct? We wanted to find out a little bit more about what they offer larger currency transfer clients so spoke to Marc Morley-Freer, who is the Global Head of Personal Clients at Currencies Direct. We spoke about what they offer clients and what it’s like working
Transferwise, has launched AED (United Arab Emirates Dirham) currency transfers. The update means that Transferwise customers can now send money from the United Arab Emirates in AED to over 70 countries around the world. See what currency provider is cheapest with our currency exchange rate comparison tool. Why have Transferwise added AED currency routes? Transferwise
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As currency market volatility increases around the Coronavirus pandemic, here are a few things to watch out for when and if you need to make a large currency transfer or international payment. The currency markets are always open and are not restricted by exchanges like the London Stock Exchange for stocks for example. So, if
What to watch out for when making large currency transfers in volatile markets Read More »
Have you ever thought about running your own FX brokerage? Think you can do better than your bosses? Fed up with doing all the work and only seeing a fraction of profit? As Global Head of FX Broking at Currencycloud here are my top five tips for setting up your own currency transfer brokerage. Five
Mobile banking is on the rise, but which of these new upstarts offers the best deal on currency transfers? We’ve taken a look so you don’t have to. If you’re looking to transfer money overseas, you’ve probably become used to seeing a lot of your money disappear into the ether. Traditional banks can often be