Transfer or Spend Money Internationally – Cheaply

Transferring money to, or spending money in, countries other than your own can often be an expensive experience.

The following money saving options may well reduce or eliminate the currency transfer charges, bad rates of exchange and slow transactions that are so often present in ordinary international bank transfers or cash withdrawals.

Get a Prepaid Debit Card

Get a prepaid debit card (Mastercard or VISA) in the currency of the place you are due to visit – for example Euros for Europe or USD (US Dollars) for the USA.

Getting prepaid cards is quick and easy and, depending upon their fee structure, can often represent significant savings from using your ordinary bank debit or credit card to make purchases and/or cash withdrawals in a foreign country.

Click here to compare UK (GBP) prepaid debit cards.

Use A Currency Transfer Service

I use Tranzfers, the prepaid commission free online currency transfer service to move money from Australia to the UK whenever I need to do this. There is a flat fee, but you can charge up a transfer by choosing the exchange rate you want – unlike with a bank, who will offer you a poor rate or charge a commission. The fee is IRO £7 GBP (or currency equivalent) to make an international money transfer with Tranzfers.

Click here to visit Tranzfers and find out about signing up and transferring money internationally with them.

Of course, the most cash clever way to go about this is not to spend money in other countries, but, if you do have to, always consider ways to eliminate excessive fees that are often associated with international money transfers.

Feel free to leave your comments below.

1 thought on “Transfer or Spend Money Internationally – Cheaply”

  1. There was a big hoo hah in the UK’s Sunday Express about this very subject on the weekend just passed – that UK banks are now charging more and more to withdraw money abroad – and charging a lot on the exchange rate too – for debit card users.

    Nationwide (building society – largest in the UK) offer a commission and fee free travel money service to current account customers.

    Reply

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