Don’t pick your own bank by default

By Nicolas Steiger

In this ever-changing world, Australian retail clients are creatures of habit. While most of us know that banks like to charge a fee at every turn, we still don’t challenge them enough. This is extremely evident when sending money overseas, where bank fees are not only exorbitant (in excess of 5.00%) but are mostly unclear and often unexpected.

While the comfort of relying on a long-term banking relationship outweighs the need to be price conscious and sensitive, don’t pick your own bank by default.

There are many non-bank foreign exchange service providers, which offer a very convenient solution. Most of them aim to not only improve the pricing and fees associated with sending funds overseas, they look to offer an enhanced and all-round client experience.

We acknowledge that opening a new account with a bank alternate FX provider can create a bit of hassle, as you have to provide your driver license or passport. But, depending on the size of your transfer amount, who would not want to save a multiple of $100 in the process?

At FlashFX, we offer fast, secure and very competitive foreign exchange transfer services built on the latest technology and provides unprecedented visibility and price transparency.

Front and center is our focus to create an exceptional user experience, delivering extraordinary control to users and always without "hidden fees".

With FlashFX you can send funds like an email, track transfers like a package, and you are never surprised by hidden charges. There are none.

If you want to make a positive difference, especially in uncertain times, skip the banks and take back control. Choose FlashFX for your foreign exchange transfers.

Learn more about FlashFX and sign-up to benefit from their cutting-edge technology, great rates, transparency and control.

Tagged in: global payments, banking, currency conversion, finances, technology, digital currency

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