Specialist foreign exchange brokers don’t generally handle smaller transactions. If they do, they are likely to charge a fee for doing so. For the larger amounts, most brokers do not charge a transaction fee for making the Send Money Now; they earn their money from the exchange rates. This helps to make the comparison between which company to use much simpler, as you only need to compare the actual exchange rates and not have to take into account fees and charges. This makes the use of a comparison website very attractive, as they will list all the exchanges rates by company for you to see and compare. If you choose to use a broker, then you will need to open an account with them, which may take one or two days to get set up. You will need to take this into account when considering the deadline to complete the Send Money Now.
There are a number of companies, such as Post Office, that will offer Send Money Now online by simply moving funds from one bank account to another. This would be most suitable for Send Money Now of small amounts of a non-urgent nature, such as a single payment to a family member on holiday abroad. Some companies offer instant Send Money Now to locations worldwide. These are generally for emergency funds, such as people who have been unfortunate enough to either lose, or have stolen, their cash or credit cards. You can arrange this by visiting a branch of Post Office or via their website. The recipient can then collect the cash from an agent by simply providing some proof of identity, or by use of an issued code. These forms of Send Money Now are generally expensive to use, especially so for the smaller amounts, but they are useful in an emergency as the recipient will not incur a fee.
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