Why the Bank should see you as a tourist?

Why the Bank should see you as a tourist?

Transfer your money to Spain, whether it is to pay bills or buy a property is always a controversial issue. People are always amazed at the amount of money in the bank transfer charges. Often the two charges are also paying off the bank in Britain for charging a transfer of a bank in Spain charging to receive the money and credit customer accounts. These charges can run into hundreds of large transfers are only the tip of the iceberg ...

When it comes to exchange rates of the banks also can not favored. Why the company should get a better rate than an individual in exchange the same amount of money? Why when the bank is already what is often a big difference in the course that gives you that, also charge you commission?

If this was any other industry, people will vote with their feet, but banks were too long captive audience that left their customers have nowhere else to go. For too long the banks are held in high esteem by clients thanking and paying them to hold our money. But no more - with the emergence of money transfer companies consumers can now buy and look for the best deals on both price and service.

If you heard any of the below quoted from your bank that it's time to wise up and look at the alternatives:

• Your assets are not yet arrived, you can call back again tomorrow.

• Those rates are only for companies.

• The cost of a telegraphic transfer in Sterling is £ 25 and € 40 Euro

• We can not reduce the £ 25 charge as we should cover our costs.

• We can not guarantee how quickly your money will be transferred, but we will try to get there as soon as you can.

Remember - You have the right to buy. You can negotiate interest rates and fees and more importantly you can use other companies now offer services that banks have traditionally had a monopoly.

These companies offer international transfers much lower rates than banks. Their exchange rates are much more competitive than you would find on the high street and your money will get transferred to arrive at a destination within 24 hours.

So how they do it?

There is no mystery about these better deals. Money transfer companies simply focus on banks' shortcomings. They negotiate a better exchange rate with the clearing banks because of the volume of business they have and pass on savings to its customers.

And when it comes to the speed of transmission is simple. These companies often have deposits in all of their global accounts and when you make a transfer from, for example, in Great Britain to Australia, they are simply the means of their Australian account to make payment.

And why do you ask the banks not to do this?

So they could - but as we all know the banks have long shrouded its operations in secrecy and led us to believe that it is only one way to do things and that was their way.

Well no more - now you can do it "your way".

The bottom line is banks are not your only choice when doing financial transactions. Shop around and check out the competition, you may be surprised just how much money you can save.