Selling your house and moving abroad is a big step but no matter how much you spend, you will still want to make the most out of your money. If you are looking to send large quantities of money abroad, you will get a better deal from a foreign exchange specialist. Foreign exchange specialists charge low or no fees and have competitive exchange rates.
How it works:
• You’ll first need to register with the currency specialist, which is very straight for-ward and can usually be done online in a matter of minutes.
• Decide how much you want to transfer and when
• You can choose to send money abroad using the current exchange rate, or you can use what’s called a ‘Forward Contract’ to lock-in the exchange rate for a future trade. You can make your transfer on the phone, or a currency specialist with have an online system
• Pay the currency company, and your money will arrive in the local bank account, usually 1-2 days after.