Money Transfer with 1st Contact VS The High-street Banks

Which can save you up to AUD 65 per 1000 you transfer? Read the full story

As of  the 7^th of June 2011, 1^st Contact Forex has reduced their Euro transfer fees from £15 to just £5 per transfer.

The move is part of 1st Contact’s ongoing quest to bring savings to all their clients, across all divisions and business units.

“Transfers to Europe have been on the increase and we wanted to find a way to save our Forex clients money”, says Gemma Cloete of 1st Contact Forex.  “So we have been looking at various ways to streamline our Euro transfer process, cut down on our costs and thereby cut down on our fees.  We have been working very hard to cut our transfer costs – before, each euro transfer was processed individually whereas now we are able to batch the payments together, which allows for a huge saving on our side. And as always, when we save, we like to pass that saving on to our clients.” Read the full story

Forums and chat sites frequented by Expats are constantly littered with questions like: “How do I send money home?” Absurdly, most of the advice received sends the questioner to the bank – probably the most expensive and inconvenient way to transfer money overseas! Read the full story