Why Xompare?
We use real-time data feeds to compare the leading money transfer providers. We do the hard work for you, meaning you can transfer money online with confidence. Why look elsewhere for cheap money transfer! Save money and time with Xompare.
Payment Requirement
£2,000 is to be converted into Euros and sent abroad
Provider A
- Payment Fees = £20
- FX Rate = 1.1200
- Euros received (less fees) = €2,217.60
- Amount is not protected from further fee deductions
Provider B
- Payment Fees = £0
- FX Rate = 1.1150
- Euros received = €2,230
- Amount is fully protected from further fee deductions
In this illustration Provider A has a more favourable FX rate than provider B, but when fees are deducted before converting into foreign currency, the amount of Euros received is actually less. Additionally, Provider B is able to protect the payment from further fee deductions once it has been sent, meaning they are the better option.