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FCA Deadline Looms Over Money Transfer Industry
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. read more
What is an International Money Transfer?
Put simply, international money transfers allow you to send money to a designated recipient whether that be friends, family or businesses overseas. It involves you sending one currency (e.g. GBP) to an intermediary transfer service which then exchanges those funds into a foreign currency (e.g. USD) to then transfer on to your recipient in another country. International payments can be initiated in person, over the phone, through a mobile app or online. read more
How to Find the Cheapest Way to Send Money Abroad
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? read more