4 Ways to Save More on Your Overseas Transactions

 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 appears to be the best method to avoid high foreign transaction fees. Even if you have to pay hefty currency conversion fees, this is still a better option. Like other options, carrying cash in foreign currency can be risky and may result in some disadvantages. Thus, think carefully before selecting this option.

Avoid Exchanging Money at Airports/Kiosks

Currency exchange kiosks and shops are not the best places to exchange money. Since airport currency exchange kiosks know you'll need local currency after you exit the airport, they charge excessive exchange rates. In any case, avoid changing currency at airports and instead opt for a different option.

Switch to Bank ATMs for Withdrawing Money 

When you withdraw money from a bank ATM in a foreign country, you are more likely to save money. Even if the ATM is not affiliated with your bank, you may be charged 1-2 percent of the total amount. Check to see if your bank is listed with the Global ATM Network. In essence, when withdrawing money from a bank ATM or the ATMs of your bank’s partner banks, you may be charged a very low or no exchange fee.

Get No Foreign Transaction Fee Credit Cards

Travelers can expect to pay up to 3% on all purchases made abroad. Fortunately, there are credit cards that do not charge foreign transaction fees. According to a 2016 CreditCards report, 39 out of 100 credit cards do not incur international transaction fees. So, this is another fantastic option for making your foreign stay more affordable.

Use Tamsey for Sending/Receiving Money Overseas

To make safe and Easy Money Transfer Online with utmost convenience, choose Tamsey. It adds much-needed transparency to the murky world of international money transfers. Tamsey enables you to send money directly into an overseas mobile money account, and make international bank transfers in minutes, alongside the ability for the recipient to collect cash at a local cash pickup facility. For more info, visit the website!