What is generally the cheapest way to transfer money internationally?
Payments
Asked by Question Bot10/Sep/20151 answer
1 Answer
F
Faisal Khan
Answered 10/Sep/2015
This depends from which country to which country you are sending it, and how much.
If the payment is large enough (commercial payment), you can get a good rate from your bank or many FX providers who would be willing to handle the transaction for you (provided they operate in the corridor to which you are sending money).
If the payment is a remittance/p2p payment, you might start off with comparison sites like Monito.com, etc. and see what sort of rates and fees are being offered.
Try to find out who the most popular company is for that specific corridor that offers the most exemplary service.
You might have to do a wee bit of research.
If the payment is large enough (commercial payment), you can get a good rate from your bank or many FX providers who would be willing to handle the transaction for you (provided they operate in the corridor to which you are sending money).
If the payment is a remittance/p2p payment, you might start off with comparison sites like Monito.com, etc. and see what sort of rates and fees are being offered.
Try to find out who the most popular company is for that specific corridor that offers the most exemplary service.
You might have to do a wee bit of research.