Exchange Rates

There is something you need to know about foreign currency transfers

You set up a foreign currency transfer. The money leaves your account. It disappears for days. And then it turns up (significantly reduced) in the recipient's account.

That's just how it works right?#

But have you ever wondered what happens to your money in that in-between period? Where it goes? Why so much of the money disappears?

Let us break it down for you.##

Most banks pass your money around complex and opaque global relationship network to get it from point A to point B - with every hand that touches the money taking (more than) a few dollars. Of course, it's all lumped together and listed as one fee on your statement.

Yeah. We Know.###

It’s an easy fix, right? Take the banks out of the equation. And we’ve done just that - so you can send your money directly, which is much faster and much more cost-effective (with the same level of security). Here’s the thing, though - other people are doing that too. But they haven’t learnt the right lesson.

They’re still making exactly the same mistake that the banks are making:

They’re not letting you control the process.

We give the control back to you. Where it should've always been.#

Here's how:

  • We let you track your money every step of the way, from your account to your recipient's.
    (After all, you can track parcels you send by post - so why not your money?)

  • We let you choose when you'd like your currency to be converted.
    Look at past rates. Choose the rate you'd like. And automate the transfer (if you'd like to).

  • We show you, transparently and clearly, what the costs are (and why).
    Nobody else does that. Nobody else puts you in control of your money.

Here's the rub, though - choosing who you use for your foreign currency transfers?

That is in your control

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About Nicolas Steiger

  • Sydney, Australia