How to Save on Your International Money Transfers – Easy Hacks

 

As the world becomes increasingly global, international money transfer is becoming an essential part of our lives. These services allow one to move abroad, do business with a foreign company, or send money to family. No matter what the purpose of sending money abroad, it’s important not to overpay for foreign transactions.


In this case, the method you choose to send money overseas will make a big difference. If you use an authentic e-wallet or transfer service, you are more likely to pay lower transaction fees. Several other factors are influencing your foreign transaction fees.

 

Be it a percentage of the amount transferred, coverage fees, or any other additional charges, they add weight to the final transaction fee. Hence, you want a reliable e-wallet like Tamsey for a cost-effective and Easy Money Transfer. Tamsey charges low fees from 1.23 GBP and so on for sending money from the UK to other countries. 

 

We want to show you the following ways that can help you save some money on your international transactions:

 

Check all charges (counting hidden ones)

 

Start by breaking down the total cost of an international money transfer fee. First, determine the transfer fee charged by the service provider for transferring money. It can be either a percentage of the total amount transferred or fixed fees.

 

Next, proceed to determine the currency exchange rate margin or conversion fee. Money transfer companies can make money from the difference between the rates applied to your transaction and mid-market exchange rates.

 

Be sure to find out any other fees involved in the transaction. Depending on the service, you may pay additional fees to finance your transfer with a credit card compared to using a bank transfer or debit card.

 

Determine what matters to you

 

Several parameters need to be taken into account when sending money abroad. But if you know what's more important, you can avoid paying for needless features. Here’s what should be on your priority list:  

 

  • Transfer speed and the transfer amount.
  • Transfer options:

Mobile to mobile transfer via e-wallet, send money directly to bank accounts, and cash pickup. 

  • Speed of transfer
  • Convenience

 

Other tips for saving on international transactions

Here are some other suggestions that can work to save some cost while sending money overseas: 

 

  • Comparison:

Compare all the international money transfer options that best suit your needs.

  • Look for special offers:

Money transfer companies may hand out offers or coupons for a limited time. Be ready to grab such opportunities. 

 

If your priority is to use the Easy Money Transfer Online service, simply go to the Tamsey app or website. With Tamsey, we allow our users to send money abroad through mobile transfers, direct banks to banks, and cash pickup. It’s our ultimate aim to provide an affordable international money transfer service, even for under developed countries.  

Download our app or use the website to start transferring money abroad without any hassle!



 

Comments

Post a Comment

Popular posts from this blog

4 Ways to Save More on Your Overseas Transactions

Image
 Sending money overseas is now easier than ever, thanks to the rise of digital money transfer services and apps. Indeed, online payment apps have made it possible for people to transfer money across borders with a few taps and swipes of their smartphones. In essence, it only takes a few minutes to Send Cash Online . So, whether you are planning a vacation, visiting a country for academics, or pursuing a career, you'd expect to access your money or make purchases without difficulty in a foreign country. Unfortunately, higher foreign transaction fees may interfere with your plans. There will be great offers and deals you want to grab when you visit a foreign country. However, the extra transaction fees and hidden charges might stop you from making the most of those deals. Isn’t it?  How do you plan to deal with the high fees on foreign transactions? Continue reading to learn about the best ways to save money on international transactions in 2022: Make Cash Payments So far, this appea
Read more

Know Everything it takes to Send Money to Cameroon

Image
International payments are simple with Tamsey! People opt for international money transfer services for many reasons. It is important to consider various factors when sending money overseas. Many Cameroonians are shifting from Cameroon to other places to work, earn, live, and study. When they want to connect with their family back home, they have many ways to show their love and say hello. We try to make their lives comfortable and easy. Now Money Transfer to Cameroon is quite easy and quick.  If ex-pats from Cameroon want to send money way back home to their families and friends, they should for solutions that are cheap, fast, and hassle-free. If they can't find the right provider, they can end up spending a lot on commission and the recipient can leave waiting ages for money that is yet to arrive.  So, planning to send money to Cameroon?  How to Proceed? Let’s discuss. If you do not want to spend time traveling or standing in a queue in a bank, post office, or outlet, there are
Read more

How to Secure Your Transactions While Transferring Money Online?

Image
Money transactions have always been a fundamental requirement of our lives, whether we talk of old times or the present. There was a time when most of the money transfers were completed by the banks. But today, we only need to swap or tap the screen of mobiles to make money transactions.    All thanks to the internet and technology, we can transfer money with lightning-fast speed and convenience. However, your careless approach while sending money online can cost you more unexpectedly.   It is comprehensible that you never want to get caught in situations where someone is running away with your hard-earned money. So, here are some things that you should do to secure your online transactions:   Always cross-check beneficiary details    No doubt, you always want to  Send Money Quickly Online  using the best option. However, you should not rush so fast that you submit the wrong beneficiary details. It happens with many, but only a few learn from it. When making an online m
Read more