Managing exchange rates can be an important for expats repatriating overseas funds & earnings – Send money home at better rates
Expats, international investors and frequent travelers often need to move money between countries & currencies and the conventional bank systems for doing this are often slow, cumbersome and expensive.
A host of services has sprung up to cater to the needs of internationally mobile capital outside the conventional banking system, which has been slow to respond to the needs of modern investors and traders.
It’s important to compare the exchange rates being offered by our BER foreign transfer specialists to those of your bank and calculate how much you can save.
Enthusiasts would have us believe that Facebook’s own digital currency, Libra, will instantly revolutionize the remittance industry upon its release in 2020 — except it won’t. A harsher reality awaits, with conversion costs, capital gains taxes and a lack of Libra-priced goods all likely to limit its appeal.
Last update: 7 Jan, 2020
We compare the features, exchange rates and security of the three best multi-currency accounts available today — the WorldFirst World Account, the TransferWise Borderless Account and the OFX Global Currency Account.
Last update: 12 Jun, 2019
World Accounts now let your business collect funds and pay local suppliers in HKD or make payments to offshore CNY (CNH) accounts in China.
Last update: 16 May, 2019