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how to secure a favourable exchange rateBack to top Back to main Skip to menu
Foreign Currency - how to secure a favourable exchange rate
To begin with, you'll save money by getting a better exchange rate on each and every transfer you make. On average, mystery shops undertaken in the media show that the high street banks charge up to 4% more to exchange your money.
Secondly if you use your bank regardless of whether you have a premier account, you'll be subject to a number of additional bank charges which include: - commission fees (up to another 2% of the amount your transferring, - transfer charges (usually £25 for each and every transfer) - and finally depending on where you're sending the money up to another half a percent bank receiving fees.
Most currency specialists will transfer your money abroad completely free of charge.
Last but by know means least there's the service aspect. Good currency specialists will provide you with all the help and expert advice you need in simple jargon free language.
Whichever country you're living in, the advice is simple. Don't let the banks cash in! Shop around and compare the rates given by your bank with an established currency broker.
Expat Health Insurance Partners
At Bupa we have been helping individuals and families live longer, healthier, happier lives for over 60 years. We are trusted by expats in 190 different countries and have links with healthcare organisations throughout the world. So whether you're moving abroad for a change of career or a change of scene, with our international private health insurance you will always be in safe hands.
Cigna has worked in international health insurance for more than 30 years. Today, Cigna has over 71 million customer relationships around the world. Looking after them is an international workforce of 31,000 people, plus a network of over 1 million hospitals, physicians, clinics and health and wellness specialists worldwide, meaning you have easy access to treatment.