When you travel a lot, or perhaps split your life between two countries, it’s often the case that you need to make an international money transfer. While this used to be a real hassle, today it’s so easy – and much cheaper – thanks to the presence of online currency exchange brokers like HiFX.
Using an online broker, it’s simple to send money between countries and as it all happens online, the customer is very much in control of what rate he accepts and when. Whereas in the old pre-internet days you’d have to go down to the bank and queue at the foreign exchange counter or have an account with a telephone currency broker, now you can get quotes for moving money internationally at any time of the day or night, wherever you have internet access.
It’s also a great fail-safe for any gap year travellers who may run low on funds as they’re travelling and working their way around the world. Their parents – or any other kind benefactor – can pay money into their bank account via a company like HiFX at any time. For parents who are waving their teenagers off on a trip, it’s very reassuring to know that they can help them out – if they need it – quickly and easily.
The amounts you can move at HiFX cover a broad enough range for almost any requirements. With a minimum transaction of £50 and a maximum of £300,000, there’s plenty of scope for most individuals’ and business’ needs. Any transactions over £3,000 aren’t subject to the transfer fee, and for anything under that amount it’s only £9 per transfer.
The best thing about HiFX is that anyone can move money internationally whenever they choose to, at a rate they’re happy with, rather than one they’re willing to accept. If the quote you get doesn’t suit you, you can set a target rate and you’ll receive an automatic email alert when that rate is reached; meaning you can exchange your money at the most advantageous rates.