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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Pryjin Prakash

I was looking to compare alternatives to get the best exchange rate - You provided exactly what I was looking for.

Martin Ham

Very useful information and fairly up to date! I would definitely recommend the site for anyone interested in exchanging currencies!
International payments - overseas money transfers

INTERNATIONAL MONEY TRANSFERS FOR BUSINESSES

As a business, making global payments involves many risks, including exchange rate risk. If you are making regular transfers the cumulative costs due volatile exchange rates can be excessive. We can empower you to make International Payments cheaper and easier for your business.

Paying for overseas holidays

PAYING FOR YOUR OVERSEAS HOLIDAYS IN LOCAL CURRENCY

When paying for your dream holiday in the local currency of your destination country, you want to make the most of superior exchange rates and low fees offered by the foreign exchange brokers listed on our site. This will ensure that you save money and your funds are protected.

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