What you need to know about foreign currency transfers

By Tim Strube

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.

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.

Is there an easy fix? Take the banks out of the equation.

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 the same mistake the banks are making: They’re not letting you control the process.

FlashFX changes all of that. We give you control. 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.

That is in your control

FlashFX is a money transfer service that puts you first. Now, that’s refreshing.

FlashFX empowers remittance consumers with the ability to personalise transactions. The power of personalization enables consumers of all stripes to maximise the value of their money. From emergencies to strategic business or personal international currency manoeuvres, we are signalling an end to old legacy transfer models.

Thanks to Flash FX, you are finally in the driver’s seat.

You’ve given away enough money, so let's get started and signup.

Tagged in: digital currency, currency conversion, exchange rates, banking

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