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 My Money Home; 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 My Money Home.
The length of time a Send My Money Home takes to complete can change depending on a few variables: which company you choose to make the Send My Money Home, the date and time the transfer is to be made, and the destination country of the transfer. International Send My Money Home may take as long as 3 to 5 working days, and possibly as long as 2 weeks. For an extra fee, a next day Send My Money Home can be provided, depending on the deadline.
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