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TransferMate – 25% discount on international money transfers

TransferMate – 25% discount on international money transfers

There are different ways to transfer funds internationally. You will find a lot of companies offering those services on the Internet and it can be hard to pick the right and legit one.  Here is an article to introduce our partner TransferMate, a secure platform to transfer your funds all around the world with great exchange rates and a fixed fee no matter the amount transferred. So if you need to transfer some money aboard, here is an article for you to read! 

How does TransferMate work?

Of course to be able to transfer funds between two or more countries, you will need to have a bank account opened in those countries.

TransferMate is a pretty simple process that will allow you to save when you transfer your money overseas.
First you will first need to register for free on TransferMate. Once you have completed the form you will receive a quick form to sign and return by scan/fax to funds@transfermate.com to certify your identity.
Once it is done, you will need to let them know how much money you want to transfer to your bank account overseas and they will offer you a bank beating exchange rate. Then you just have to transfer the funds to their bank account that is located in your country allowing you to save on the international transfer fee ! After TransferMate received the money, they will convert it into the chosen currency and transfer it to the chosen bank account. 

TransferMate offers complete Transparency with a 24/7 online Access, online payment tracking and automated payee notification and an automated system for verifying payee bank account details.

TransferMate – How much it costs

Compared to a normal bank, money transfers with TransferMate are much cheaper and will allow you to save on each transfer. They offer you a better exchange rate and only apply a small fixed fee for each transfer. Through our partnership with TransferMate you will even have to pay less because you will get a 25% discount per transfer. That means you only have to pay 11 £/$/€ (instead of 15 depending on which currency you’re using) – regardless of the amount of money you want to transfer..

Here’s an example: TransferMate vs. Normal banks

Transfer money to Australia with TransferMate
– You want to transfer 3.000 Euro to Australia
– With our 25% discount they only charge you 11 Euros for the transfer fee.
– The market exchange rate: 1 Euro = 1,5 AUD (Summer 2016)
– TransferMate will probably offer the following exchange rate: 1 Euro = 1,49 AUD
– So for 3.000 Euros you’ll get: 4.470 AUD – 16,39 AUD (11 Euro x 1,49) = 4.453,61 AUD

Transfer your money to Australia with a bank
– You want to transfer 3.000 Euros to Australia
– Let’s pretend you don’t have to pay transfer fees (most of the time you do)
– The market rate: € 1 = AUD 1.5 (Summer 2016)
– The exchange rate offered by your bank will probably be around 1.45
– For 3000 Euros you will get 4.350 AUD

So if you want to transfer 3.000 Euros to Australia you will probably save 103,61 AUD with TransferMate compared to a normal bank!

TransferMate discount – only 11£ per transfer

To get the 25% discount for every transfer with TransferMate, simply click on the button below.

25% discount – Only 11 £/$/€ per transfer

If you still hesitate, just compare with your bank’s rates and you will know what to do 🙂 And if you have any queries on TransferMate’s services, their online customers service is available 24/7.

Backpackers Guide
Written by Backpackers Guide

The ultimate guide to work and travel around Australia with a Working Holiday Visa ! Get all the tips and advice from other backpackers. The first travel guide written by Backpackers for Backpackers in Australia!!!