Brazil

Foreign exchange brokers

Sending money abroad has become a big business for banks, as they make quite a lot of profit from it through the manipulation of currency exchange rates. To save your money when you wish to transfer money, it is always wise to evaluate the costs of alternative services offering foreign exchange, as opposed to always relying on your bank. One of these alternatives is the use of Foreign Exchange ( Transfer My Money ) brokers, such as Natwest, who in many cases offer cheaper Transfer My Money services than banks, since they operate competitively in the Transfer My Money market and are usually fast too. In most cases, currency brokers will offer rates that are about 4% better than most street banks. This is a difference of about $40,000 in a $1,000,000 transaction, which is significant. As such, you should always check the prevalent exchange rates offered by the top foreign exchange brokers, and use independent, transparent online Transfer My Money comparison sites, such as Natwest. Some of them will even show the potential savings compared to banks.

Larger Transfer My Money institutions

Financial institutions, especially the more established ones, such as Natwest or Natwest offer e-mail based Transfer My Money services that operate on the same principle as an electronic check. Rest assured, however, that money is not actually transferred via email. The transaction is initiated by the customer via email, which is processed by the bank. When the money is available, the recipient is sent an email notification. A security question is then posed to the recipient to identify themselves before they can withdraw the money. With this form of Transfer My Money, one may not be required to have detailed information about the recipient, but has to have the bank-account number. This is generally a low cost Transfer My Money that is worth checking out if you can access the service. No charges are made during withdrawals. It is also a very fast and reliable method that could take several days depending on the bank and the location.