A few months ago, I got the job of my dream in Geneva, Switzerland. Like many others French citizen working in Geneva, I decided to live in France (which is only 15 minutes car from my job). At this time I didn’t a thing about how to send my money abroad and afters making all the mistakes that is possible to do, I decided to investigate to find the best options to send my money safely and at the best cost.
Here are a few ideas for you to start sending money overseas.
The perfect money transfer company doesn’t exist
As I quickly understood that bank are not the best options to send money abroad ( they take a lot of fees + aren’t rapid) and kept asking to my colleagues about the perfect money company. And you know what? The more I asked, the more I was confused. Until the day where one of my colleague sent me the link to an online comparison called moneytis. I felt a bit ashamed to not looking enough to discover it by myself before. Thanks to this platform, I found out that the best money transfer company wasn’t the same from one moment to another. The first time I tried their comparison platform, I found 3 interesting companies. The day after I did the same research and I noticed that the ranking was entirely different !!
And again I felt confused. How can rates can change from one day to another? How to choose the best time to send money?
I asked for a chat with one of the experts of the platform and found out that fluctuations are entirely normal and change according to the exchange rates as well as external factors and companies methods to promote their services.
You need to stay updated to make your best move
If I couldn’t change external factors or internal strategies to get the best option to send money abroad, I could verify the exchange rates and wait for the perfect time to make my transfer. By doing so, I increased my salary up to 30% for some months. And that is my best piece of advice: if you want to send money abroad at the best fee, be patient. Check the currency rate every day and transfer your money when is the best for you !
Hope my bits of advice will help you to find the best way to send money abroad and don’t forget, the best tool doesn’t exists, you need to create it !
You also can have more tips thanks to lifehacker money transfer articles