International Payments: If you are Using your Bank, you are Overpaying
A detailed study of international bank transfer costs by Accourt - a consultancy service to the payments industry - has revealed a common lack of transparency with no access to the data used to determine the exchange rates charged by banks when making international payments.
Read more: International Payments: If you are Using your Bank, you are Overpaying
International Money Transfer Charges at Banks Seen at 3.5% for Amounts Above £10K
Bank charges levied on international money transfers have seen a sharp fall since the inception of the International Money Transfer Index™ (IMTI™) from intelligence and comparison service FXcompared.com, yet they still offer very poor value for individuals and businesses moving money overseas.
Read more: International Money Transfer Charges at Banks Seen at 3.5% for Amounts Above £10K