WorldRemit Review

If you want your recipient to receive cash you might like to learn more about remittance companies like Ria Vs MoneyGram Vs Western Union. They also have a coupon code here to get your first 3 transfers fee free. Use the code ‘3FREE’* and pay no fees on your first three money transfers. 1. What…

What is Remittance?

In a broad sense, a remittance can simply refer to the transferring of money overseas between two parties for non-commercial purposes. However, the term is usually used in the context of people working overseas sending money back to family in their home country. Now, The emphasis here is on “non-commercial,” as remittances are different from…

TorFX Review

Lowdown on TorFX (And When to Avoid) TorFX’s standout feature is its top-rated customer service. You’re assigned a dedicated account manager who can help you set up your account, negotiate better rates, and help you save money in the long term on your transfers. However, TorFX is not for you if you’re looking to transfer…

OFX Review

7 Must Knows 1. What is OFX (Really)? OFX is a licensed and regulated money transfer service provider. While it accepts transfers from as little as $1000 USD, it’s best for large bank-to-bank international transfers (above $7000 USD/£4000 GBP/€4500 EU/$9500 CAD/AUD). They offer dedicated services for individuals and businesses (including a multi-currency account for small…

CurrencyFair Review

7 Must Knows 1. What is CurrencyFair (Really)? What can you do with CurrencyFair? Send money in different currencies: international bank-to-bank transfers to 150 countries in 22 currencies Choose your own exchange rate in their P2P marketplace, keeping transfer costs low (potentially lowest in the business) Register from these 60 countries (including the UK, Australia,…

XE Money Transfer Review

1. What is XE (Really)? What can you do with XE? Make transfers at affordable rates (especially above $7000 USD/£4000 GBP/€4500 EU/$9500 CAD/AUD) Transfer to a variety of major and exotic currencies (139 currencies supported) Receive phone support in different languages: While they’re an online-focused service, they have offices in Canada, the UK, the Netherlands…

ACH Vs. Wire Transfers

Quick Overview: ACH vs Wire Transfer What is ACH payment? An ACH (stands for Automated Clearing House) lets you transfer money from one bank account to the other without using cash, check, credit or debit cards, or wire transfers. In this system, payments are electronically processed by clearinghouses (which are intermediaries between two banks). ACH…

Best Foreign / Multi Currency Accounts (Uncovered)

1. What is a Multi-currency Account? A multi-currency (or foreign currency account) is a type of account that allows you to hold, send, and receive funds in multiple foreign currencies. Having a single multi-currency account can be cheaper to manage, compared to multiple bank accounts in different countries — where you may have to pay…