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Brits Loose Thousands in Money Transfer Abroad

Article Date : Wednesday, January 10, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

British people emigrating abroad could collectively be losing up to £900 million per year through poor exchange rates and over inflated bank charges, according to currency specialists HifX. 

Many overseas property buyers overlook the importance of securing a good rate of exchange at the time of purchase, while reliable foreign exchange dealers such as MoneyCorp will literally save them thousands on the day of their transaction.   An average UK family moving abroad with assets of £250,000 could loose up to £10,000 of this simply by transferring their money abroad without careful attention to their rate of exchange and transfer costs.  Without a doubt, this represents a huge loss which could be avoided simply by being aware of professional money brokers who will advise and offer the best rates of exchange. 

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