How to transfer a large amount of money
We all dream of having lots of money so that we can do what we want, whenever we want.
Holiday in the Mediterranean? Sure.
New car? Yes please.
The latest pair of trainers? No sweat.
Although it may not seem like it, there are some problems with having large amounts of money - especially if you want to send it abroad.
This is because sending a large amount of money abroad with your bank will expose you to high fees, which are often a percentage of the amount you’re trying to send.
For example, if you’re sending £2000 abroad to a friend or family member, you might expect to pay 7% of the amount as a bank fee. We can all agree that we’d rather not pay £140 as a transfer fee for this transfer!
Plus, when you transfer large amounts of money with your bank, you need to be aware of poor exchange rates. The exchange rate they offer might be up to 5% off what the real rate is. And you can guess where those hidden charges go - right into the bank’s pocket!
How can I transfer a large amount of money with low fees?
The safest way to steer clear of high fees when you’re sending a large amount of money abroad is by choosing a specialist money transfer provider that has low, flat fees for its international transactions.
Believe it or not, there are some very handy money transfer companies that charge a flat fee, no matter how you want to send abroad. Paysend is one of these money transfer companies.
With Paysend, it doesn’t matter how much you send - the transfer fee will always be the same. Paysend’s transfer fees are always locked at £1, $2 or €1.5, depending on where you’re sending money from.
This means that if you want to send £1000, £2000 or £3000 from the UK to over 100 countries worldwide, it’ll cost you only… you guessed it - £1 in transfer fees!!!! It really is that cheap!
Plus, Paysend offers excellent, competitive exchange rates, so you won’t be losing out with hidden fees.
So what are you waiting for? Sign up now, or download the Paysend app to start sending large amounts of money really cheaply!
To get started, head to the App Store or Google Play and download the Paysend Global Transfers app!
Bài viết mới nhất
Here's the short answer: yes, you can use a credit card to get money into someone's bank account abroad. "Credit card to bank transfer" means exactly that — you fund the transfer with your credit card, and your recipient receives it in their bank account. Or on their card, in their wallet, or as cash to collect, depending on where they are.
The card and the bank account do different jobs. Your card pays for the transfer. A provider like Paysend then pays the money out through local systems on the other end. It's one flow, and it takes about a minute in the app.
One thing worth knowing before you start: a credit card is usually the most expensive way to fund a transfer. Some issuers treat it as a cash advance, and credit tends to carry higher payment fees than debit. You'll always see the full cost, exchange rate included, before you confirm anything. What follows is: the ways your money can arrive, what each one costs, how fast it gets there, and the cheaper routes worth checking first.
Mỗi tháng, hàng nghìn người làm việc tại Séc gửi một phần lương về nhà — nhiều người trong số đó là người Ukraine đang hỗ trợ gia đình ở bên kia biên giới. Và cách làm truyền thống lại khiến việc vốn đơn giản trở nên phức tạp hơn: chuyển khoản ngân hàng yêu cầu mã IBAN và SWIFT, phí chỉ hiện ra sau khi tiền đã được gửi đi, và nhiều ngày chờ đợi trong khi ai đó ở nhà đang trông chờ vào khoản tiền ấy.
Pavel Štich đã nhiều năm giúp độc giả của mình giải quyết đúng vấn đề này. Anh là Đồng sáng lập kiêm Tổng biên tập mảng tài chính tại Moneyo.cz — nền tảng độc lập của Séc chuyên so sánh các dịch vụ chuyển tiền, các công ty môi giới chứng khoán và các kênh đầu tư thay thế — đồng thời là Đại sứ Paysend, nghĩa là anh đích thân trải nghiệm mọi thứ mình giới thiệu, giải thích rõ ràng và mang đến cho độc giả những ưu đãi độc quyền. Chúng tôi đã hỏi anh về sự ra đời của Moneyo, ai là độc giả của trang, và vì sao anh chọn Paysend.
