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What You Need to Know About International Money Transfers

July 9, 2018 by EmmaB Leave a Comment

The great British getaway has started now that the schools are starting to break up. I am looking forward to being able to spend lots of quality time with the family. We have lots planned this summer including weeks away and festivals. However much of this we are doing as a family of four not five. Chloe has made her own plans this year which started with a holiday in Malia after her A Level Exams.

Before she went, we made sure that she was well prepared for all situations. She took spare cash and we talked about what to do if she needed health care or anything when away. I was that teen some twenty five years ago that was taken poorly on holiday.  I needed antibiotics and a trip to a hospital and it cost me a fortune. I did not want the same worry for Chloe and her friends.

Insurance is essential but sometimes there are excesses to pay and so forth. Therefore with Chloe heading away I had made contingency plans in my head. I knew that we would be able to use an international money transfer to get more funds to her if they were required.

HSBC have carried out some really interesting research on over 2000 people and the findings from their international money transfer research offers to understand what people want from the HSBC. You can see the results in the infographic below.

Another reason we may need to make a transfer is that more and more families are living in different countries. You may wish to send money as a gift to family or friends who now live abroad. This is now easier than ever and doesn’t cost as much some believe.

There are many advantages to using HSBC when transferring money across our interconnected world.

Safe & Secure Using your own bank means you’ll have peace of mind knowing that your transaction is secure. Last year HSBC helped our customers make over 1.3 million payments to 169 different countries.

Easy & ConvenientAvailable 24/7 via Online Banking – send up to £50,000 or currency equivalent in a matter of minutes. HSBC has also made it easy for you to set up future dated and recurring payments.

It is this ease which many appreciate as we want fast payments. A growing number of British citizens also own property abroad and need to be able to pay for services and such each month. Owning property abroad is a massive draw as holidays can be very expensive and this can be a cost-effective way of getting abroad regularly. It also can be much cheaper than buying a second home in the UK where house prices are constantly rising. Buying abroad can be a way to secure your future by investing in more affordable property.

 

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