The Internet is awash with opportunities for massive savings, discounts, and wealth maximization. It is entirely possible to scour the literature in search of profitable opportunities. This is true on loans, credit cards, opening new bank accounts, transferring/receiving money internationally and so forth.
Promotions are typically limited-time offers available to clients who spot them at the right time, at the right place. The average consumer pays so much more than is necessary for everyday financial services such as international money transfers. Why? Because many people continue to use banks as their go-to option instead of non-bank money transfer services.
Promotional opportunities abound, and banks have been put on notice with things like the WorldFirst exchange rate promotion. This particular money transfer promotion has zero fees attached to it. At a traditional bank’s currency transfer department, high exchange rate fees are levied, with additional fees and commissions tacked on to boost the bank’s profits. At the end of the day, clients simply lose out.
Keep That Money Trough Fat
With money transfers, the fees can be so hefty that were a 2-way transaction implemented, clients could lose upwards of 10% of their money to banks alone. Therefore, it behooves folks to conduct as much comparative research as possible to understand which money transfer services are best suited to their needs. Typically, better rates are achieved on money transfers greater than £5,000, but it is still possible to get competitive rates with promotional offers for lesser amounts.