Sending money abroad: how to keep more of it

The headline fee is only part of the cost. The exchange rate you are offered, compared with the mid-market rate, is often the bigger charge.

Always compare the amount that will arrive, not the fee. Check how long the transfer takes, and whether the receiving bank charges its own fee.

Sending larger amounts less often usually costs less than many small transfers, as fixed fees are spread across a bigger sum.

This article is general information, not financial advice.