If you’re looking for a good deal, then a favourable exchange rate is crucial especially if you are transferring large amounts of money. So, what is the most important factor to consider before you transfer money abroad?

As the Financial Conduct Authority’s consultation into the promotion of rates and fees in the money transfer markets nears it’s deadline for comments*, Xompare.com has launched a comparison service using real-time data feeds from market leading money transfer providers. Consumers can now compare ‘actual’ rates available from providers alongside a full breakdown of all fees. David Noble, Founder said, “Regulators have for some time been concerned that consumers are not always in charge of all the facts when