{"id":6346,"date":"2024-08-30T13:05:11","date_gmt":"2024-08-30T13:05:11","guid":{"rendered":"https:\/\/www.extravelmoney.com\/blog\/?p=6346"},"modified":"2025-06-10T13:21:13","modified_gmt":"2025-06-10T13:21:13","slug":"6-tips-save-money-international-transfers","status":"publish","type":"post","link":"https:\/\/www.extravelmoney.com\/blog\/6-tips-save-money-international-transfers\/","title":{"rendered":"6 Tips to Save Money on International Transfers: Expert Advice"},"content":{"rendered":"\n
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Last Updated On: 08 April 2025<\/strong><\/p>\n\n\n\n

Hello. <\/p>\n\n\n\n

I’m George<\/strong>, CEO of ExTravelMoney<\/strong>. <\/p>\n\n\n\n

Over my 20+ years in the banking and forex industry, I’ve seen countless people lose money to high fees and bad exchange rates when sending money abroad. But, it doesn’t have to be this way. <\/p>\n\n\n\n

Let me share 6 practical and straightforward tips to help you save on your next international transfer.<\/p>\n\n\n\t\t\t\t

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\n\t\t\t\t\t\t\tTable Of Contents\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
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  1. 1. Compare Exchange Rates of Different Services<\/a>
  2. 2. Understand and Avoid Hidden Fees<\/a>
  3. 3. Save on TCS<\/a>
  4. 4. Use Online Transfer Services for Better Rates & Lower Fees<\/a>
  5. 5. Negotiate with Your Bank for Better Rates<\/a>
  6. 6. Watch Out for Special Offers and Promotions<\/a><\/ol>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\n\n\n

    1. Compare Exchange Rates<\/strong> of Different Services<\/strong><\/h2>\n\n\n\n

    “Never settle for the first rate you see\u201d.<\/p>\n\n\n\n

    Exchange rates can vary significantly between banks and money transfer services. Even a small difference can help you save a lot on your international transfer.<\/p>\n\n\n\n

    Rates<\/td><\/td><\/td>
    Bank 1<\/td>
    Bank 2<\/td>
    Bank 3<\/td><\/tr>
    1 USD* 

    <\/td>    		83.96<\/td>84.56

    + 60p<\/td>    		85.43

    + \u20b91.47<\/td>    		85.54

    + \u20b91.58<\/td>    		85.84

    + \u20b91.88<\/td><\/tr>
    20,000 USD**<\/td>\u20b9 16,79,200<\/td>\u20b9 16,91,200

    + \u20b912,000<\/strong><\/td>    		\u20b9 17,08,600

    + \u20b929,400<\/strong><\/td>    		\u20b9 17,10,800

    + \u20b931,600<\/strong><\/td>    		\u20b9 17,16,800

    + \u20b937,600<\/strong><\/td><\/tr><\/tbody><\/table>
    * Rates as on 28 Aug 2024
    ** Average transfer amount of a student going to study in the US<\/figcaption><\/figure>\n\n\n\n

    On average a student saves<\/strong> ~\u20b9 20,500<\/strong> on transferring USD 20,000 via ExTravelMoney.com<\/strong> compared to transferring via a typical bank in India.<\/p>\n\n\n\n

    Our platform allows you to compare rates from multiple banks and money changers, offering wholesale rates that are better than the rates you’d get directly from a bank.<\/p>\n\n\n\n

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