How to Save Money on International Transfers

Sending money abroad doesn't have to be expensive. With the right strategies, you can significantly reduce transfer costs and ensure more money reaches your recipient.

1. Compare Rates Before You Transfer

Exchange rates and fees vary widely between providers. Using a comparison tool like Remit Hawk allows you to see real-time rates from multiple services side-by-side.

2. Understand the Total Cost

Look beyond just the advertised fees. The real cost includes both the upfront fee and the exchange rate margin (the difference between the mid-market rate and what you're offered).

3. Time Your Transfers

Exchange rates fluctuate throughout the day. While you can't time the market perfectly, avoiding periods of high volatility can help you get a better rate.