There is no question that these covid times have been a strain on all of us. Not just mentally and physically but for many there has been a significant financial strain.
As uncertainty continues to grow with a new variant of the virus and yet another lockdown imposed for Christmas, everyone is doing their level best to manage personally but also financially in an increasingly changeable environment.
The end of this year may be very different from the Christmases of the past with loved ones being unable to be home for the holidays due to imposed travel restrictions. Sending gifts to loved ones overseas may also prove to be quite a challenge with logistical companies running on skeletal teams due to many staff being on furlough.
Sending money overseas does not need to be complicated or expensive if you use the right foreign exchange specialist and unlike sending physical gifts, it means you don't need to worry about any postal problems sending across borders.
The majority of international payments with The Currency Club typically take 1 or 2 days to arrive in the recipient's bank account but be sure to look out for bank holidays in respective countries as this can delay a payment by another day.
Making an international transfer can also work out significantly cheaper than trying to send gifts abroad. When sending a gift the postage cost is based on the weight of your gift, where it is heading, the speed at which you would like it to reach and of course if it is a value item, then the insurance cost. At times, the cost of the postage can be more than the value of the gift itself!
When you send money abroad as an international transfer to someone that lives in a foreign country, every penny is accounted for and it is easier to stick to your budget.
Lastly, refunds from abroad are virtually impossible should a gift not be fitting but with cash you cannot go wrong. Everyone likes to receive money as a gift because they can then choose what to spend that money on themselves.
The Currency Club offers complete fee transparency on their low cost international payments platform. Every international transfer regardless of currency is transacted at the real exchange rate plus a low cost fee on top. No hidden fees. Sign up takes under 5 minutes and you can add rate alerts if there is a particular exchange rate you wish to achieve.
Visit our website to see how much you can save when sending money abroad and you still have time to send your international payment so it can credit an account in time for Christmas Day.
We have made every effort to ensure that the information published here is correct and accurate, however you should check and confirm the latest exchange rates with The Currency Club directly prior to making a decision. The information published is general and does not consider your personal objectives, financial situation or particular needs. Full disclaimer available
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