Money magazine Comments - Skip the big banks to save when sending money overseas Moving your money overseas with a specialist online money transfer providers can save you 4.7% on average compared with going through the big banks. https://www.moneymag.com.au/feed/latest?story=141535633 Wed, 17 Oct 2018 23:49:54 +1100 Wed, 17 Oct 2018 23:49:54 +1100 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Skip the big banks to save when sending money overseas https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Giselle ()

When I went to send money to Latvia lasy year I asked several banks and credit unions who quoted $30-$35 to tranfer overseas. Luckily I found a company online. Only costs a few dollars. Give the banks a miss as there are far better, quicker, cheaper options online. Always do your due diligence and seek out the company reviews.

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]]> Giselle () Wed, 17 Oct 2018 23:49:54 +1100 Comment by Julie-Anne Rogers ()

I work for a small business that regularly gets income in USD. I was trying to convince my CEO that we were losing quite a bit of money by using one of the big 4 banks. I compared the exchange rates that we had used through the bank against the historical exchange rates on OzForex and worked out that in the past 6mths we had lost AUD$25k by using the bank.

I won the argument with the CEO.....

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]]> Julie-Anne Rogers () Thu, 18 Oct 2018 11:44:26 +1100