When it comes to transferring large sums of money to another country in order to pay for a property purchase, why do so many people opt to use their bank?
Article written by The Overseas Guides Company
It is a simple matter of trust. When you are used to dealing with financial matters through a particular institution it is easy to see why you would turn to them for your international transfers as well. The only problem with this is that by opting to use the services of your bank, you could be losing yourself a considerable amount of money in fees and poor rates.
The USA Buying Guide recommended that their readers, Tim and Deb Elvin, get in touch with Smart Currency Exchange when the time came for them to transfer their funds to the US for their holiday home purchase.
“The USA Buying Guide advised us on a wealth of matters and their knowledge and helpfulness made the prospect of buying in a foreign country a lot easier. The information they gave us added up and I liked that. When they recommended Smart Currency Exchange for our transfers, we took their advice.”
“Smart Currency Exchange were excellent from day one. It’s was refreshing to actually be able to speak to a human for a change! It was easy and free to sign up and soon after David Comber, my allotted trader, called to personally introduce himself and to go through all of the services that they offer.
“The thing that we were so happy about was the fact that Smart Currency offered a personal service. When we called David, he actually picked up the phone!
The traders at Smart pride themselves on understanding the needs of their clients so that they are able to take the right steps to secure the best rates at the best times. In addition, the Smart traders don’t work on commission which means you are their primary concern rather than lining their own pockets.
Smart Currency were able to save Tim and Deb a substantial sum. “We transferred £198,000, but it was at a time when the exchange rate wasn’t working in our favour. This meant that every falling cent was costing us nearly £4,000. David talked us through our options and we decided to lock in a rate. Overall we saved £23,000 – a huge amount! I have already recommended Smart Currency Exchange to family and friends, and will continue to sing their praises to any others that will listen.”
To speak to Smart Currency Exchange about your currency needs, call them today on 0808 163 0102 or download their free report explaining how they could save you money on currency transfers.
To understand the full step-by-step process to buying a property in America, collect The Overseas Guides Company’s ‘USA Property Buying Guide’
The views and comments herein are those of the author and do not necessarily reflect the views or opinions of Rightmove Overseas, Rightmove Group Ltd or Rightmove Plc