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Sending money abroad: Choose platform that discloses exchange rates, fees
Sending money abroad: Choose platform that discloses exchange rates, fees
"Enquire clearly about forex conversion rates, platform fees, transaction charges, etc. to ensure you understand all components of the fee," says Vibha Kagzi, Founder and CEO, ReachIvy.com.
"Many providers charge a fixed fee per transaction. Spreading funds over multiple smaller transactions can multiply those fees unnecessarily. Forex rates are usually more favourable for higher volumes," says Kagzi.
Read the full article here.
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