boat money transfers

Top 10 Reasons Why People Transfer Money Overseas

An international money transfer is a service that allows you to send money overseas for whatever reason; this can be carried out using your normal retail bank account, international money transfer operators (such as Western Union), FX brokers and peer-to-peer companies. Here at The Money Cloud, we can help you transfer your money internationally, but what are the most common reasons where you would need to use an international money transfer service?

People transfer money overseas for many different reasons, in this article we have put together the top 10 reasons why people transfer their money abroad and why many of these people choose to transfer money internationally with the help of The Money Cloud saving them up to 85% in comparison to retail banks.

Top 10 Reasons Why People Transfer Money Internationally:

  1. Buying Overseas Property or a Holiday Home Abroad
  2. Paying for Overseas Tuition Fees for Child or Grandchild
  3. Overseas Investments or Divestments
  4. Sending Money to Friends or Family Who Live Overseas
  5. Paying for Accommodation/luxury Holidays Overseas
  6. Supporting a Family Member Who is Travelling Overseas
  7. Paying for your Wedding Abroad
  8. Overseas Mortgage Payments
  9. Paying For Work to be Completed Overseas
  10. Paying For Bills Overseas

If using your bank, when you transfer money overseas you will have to pay a fee whether you are transferring a large amount of money, or regularly transferring smaller amounts of money to foreign bank accounts. If you also take into account exchange rates, the costs can really add up. We recommend and help you find ways that you can reduce these fees and achieve superior exchange rates to save you money, while still offering a safe and secure way of transferring money to an overseas bank account.

There are companies out there that specialise in transferring money overseas and the team here at The Money Cloud is here to help you find them. The companies we work with can save you up to 85% of the cost you would be charged if you transferred the money to an overseas account through your standard retail bank. Just think how much that could save you?

Click here to compare and save on your international money transfers.

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Chloe Rogers

Your site is top, thank you. I was going to use my bank and but came across you on Forbes site, I am glad I did. I went on and used Torfx very good service got the rate right, saved me money compared to many others you list, they even helped me get an aussie bank account. Once again thank you for help!


I am extremely impressed with the Investec currency exchange team service levels, they are fast and efficient. Excellent trading rates and straight talking, what more do you need.
purchasing overseas property


Explaining how you can make considerable savings by getting better exchange rates and low fees associated when purchasing a property overseas. We show you how to make considerable savings, avoiding poor exchange rates, high fees and the best time to make the transfer.

Portugal property


When purchasing property in Portugal, we explain all the steps involved in the purchase. We can demonstrate how to make the most of your money when making the international payments to cover the purchase price and associated costs and how to avoid exchange rate risks.

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