Currencies: 37 Transfer speed: 1 - 3 days Trustpilot score: 3 stars Our score: 3 stars Website: transfast.com Transfast is a simple, low-value remittance platform serving residents of the United States. While it's … [Read more]
Recurring payment: How to set up an automated regular payment
If you've been transferring money internationally for some time, it may have come across your mind to automate the process. Life can get busy and it is surprisingly easy to forget to send off that regular money transfer, especially if it gets stuck … [Read more]
What is a spot contract? How to exchange currency at the spot rate
A spot contract. It really doesn't get much more straightforward in the world of international money transfer. So is it easy to arrange? Well, not exactly. First, it depends on what you're after. And second, how do you choose a service to use when … [Read more]
Market order: How to buy currency at the rate you want
Foreign exchange rates are constantly moving and can be volatile at the best of times. As a buyer of foreign exchange, sometimes you need your desired currency right away, while at other times you might be willing to wait for a better deal if there … [Read more]
Foreign currency options: How to use advanced hedging strategies
The future by definition is uncertain. And I can't think of anything more uncertain than foreign exchange rates. The supply and demand for currencies are influenced by almost an unlimited amount of factors. Everything from the performance of an … [Read more]
Multi-currency account (And other borderless solutions)
As the internet makes its way even further into our everyday lives, there are more and more people who choose to do their shopping online. And with this increasing volume of shoppers comes an opportunity to sell your wares - to not only the people … [Read more]
Money transfer services: A complete list of companies
With every passing day the world gets smaller and smaller. More people are travelling internationally, for work and for play. Banking systems have been built on older technology, and are struggling to adapt with the increased velocity of … [Read more]
Currency forward contract: How to hedge exchange rate risk
A currency forward contract is a very useful tool for transferring money internationally. Exchange rates can be volatile and change with the ebbs and flows of the market. If you are buying or selling assets in a foreign currency, such as a real … [Read more]
The mid-market exchange rate: A definition
What is the mid-market exchange rate and why does it matter? The fact that you've arrived here suggests to me that it's important that you know. If you are making cross-border payments, the mid-market rate is an essential reference point to ensure … [Read more]
Business money transfer: A guide to cross-border payments
With advances in technology, geographic location is no longer a barrier to trade. And while access to international markets brings great opportunity, it also presents a number of challenges. Business money transfer is one of the areas that you will … [Read more]
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