Transferring money internationally can cost you some money with all the charges and fees attached to every transaction that you make. Also, the cost of the exchange rate might cost a pretty penny as well. However, if you take advantage of the special promotions offered for international transfers, you may be able to save more than you would believe.
Save on costs
There are some promotions that online payment services offer so that you can save on the costs of international transfers. One of these offers are promo codes. They are one of the more popular money transfer deals that you can take advantage of. This is because you can get a hold of them whether you are a new member of your online payment service or an old one.
You can get these promo codes by subscribing to the payment solution’s newsletters or by joining groups in social media that are dedicated to finding these types of money-saving deals. All you have to do is to input the promo code when you are processing your international transfer to get the discount or freebie attached to it.
Another special promotion you can take advantage of is the offers that they give to new account holders. When you open an account for an online payment service, they usually give you credits or free transfer bonuses that you can use for a limited amount of time. Don’t try to save them up for a rainy day since these promotions do have expiration dates. It is best to use them all while you’ve got them and then you can go ahead and save more through the promo codes that you can get.
No transaction fees
There are some online payment services that don’t offer transfer fees for sending or receiving funds internationally. However, these same services may offer you higher amounts for their exchange rates that really defeat the purpose of saving on the transfer costs. Instead, you can look for special promotions by online payment solutions that offer deals on their exchange rate costs. Even if they do charge you a small fee for your transaction, the amount of money that you will save from the exchange rate can be greater than the amount that you will pay for the fee.
Bank and credit card promos
Even when you open an account with a bank, you might be able to get perks such as no annual fee if your maintaining balance is high enough. There are credit cards that’ll give you promotions such as not charging annual fees and earning rewards. If you use these resources as payment methods for sending funds, you get to lower the total cost of sending money internationally.
Looking for special promotions
If you keep on searching for promos online, you might occasionally chance on a great find. You’ll get to save money but only once in a while. If you don’t want to keep searching, you can sign up for a money services company that can enable you to send money for free just by downloading their app.