It is completely possible to do foreign money transfers using your bank, however this is something you are best avoiding for many different reasons. Banks will charge you a lot more for any foreign money transfer services they offer, and importantly, they are not experts in the area, so they cannot offer you the type of high quality assistance and advice that you can get from a specialised company. As a result, using a foreign money transfer company will mean you get much better value for money and a higher level of satisfaction as well as reassurance.
A specialised company will go out of their way to get you the best possible exchange rate for your foreign money transfer – which is something a bank will not do most of the time. Most will charge fees; however, these fees will be reasonable, unlike what many banks may charge for such a transaction.
Another thing a specialised overseas money transfer service can do that a bank cannot is that they will keep you informed about what is going on with regard to the transaction. They will let you know its status and they will tell you when it has been completed, which is especially great if you want to avoid worrying about where your money is.
At Pure FX, we provide a secure, reliable and excellent foreign money transfer service for business and private users. We pride ourselves on our expert knowledge and customer service, and you can be assured you will get everything you want and more from your foreign money transfer transactions.