Tag: money transfer fees

International money transfer comparison site FXcompared.com has released the latest findings from its International Money Transfer Index (IMTI), which tracks and monitors data on banking costs for currency transactions in the UK. While FXcompared.com did find that banks have been lowering their costs in recent months in the face of rising competition from online money transfer services,…

Is it more expensive to send money from the UK to Australia, or the other way around? Is it cheaper to send Dollars, Euros, or Pounds? And how does sending via a commercial bank compare cost-wise to using a non-bank money transfer firm? To answer these questions and to provide greater transparency to the whole…