Sending money internationally can often be expensive, but by following a few simple tips you can significantly reduce the costs.
1. Compare Service Providers
Don't settle for your bank's offer! Many online providers like Wise or Revolut offer much better exchange rates and lower fees.
2. Watch the Exchange Rate
Exchange rates change daily. If the transfer isn't urgent, it's worth waiting for a better moment.
3. Avoid Weekend Transfers
On weekends and holidays you often get worse exchange rates, and transfers can be slower.
4. Use SEPA Transfers Within the EU
SEPA transfers within the eurozone are usually free or very cheap, and arrive within 1 business day.
5. Transfer Larger Amounts Less Frequently
Due to fixed fees, it's better to transfer larger amounts less frequently than small amounts often.