When it comes to paying for your new property abroad, it’s advisable to plan in advance, especially if you’ll be paying in another currency to that of your country of residence.
Whilst using your personal bank might seem like the most obvious and easiest option, you will find that it is an expensive one. The reason for this is that banks use the exchange rate on the day of the transfer, which may be very unfavourable, plus you will be liable for bank charges, which are often higher than you may imagine.
Currency & Exchange Cost-Saving Alternative
The cost-saving alternative is using a currency exchange service. With these services you can plan your transfer in advance and take advantage of a better exchange rate, plus, if you know that you will need regular transfers after the property purchase, you’ll also save by using a currency exchange service for these as well. We can help point you in the right direction!