Regularly transfer money to Egypt

 

There are a number of reasons to regularly transfer money to Egypt. Perhaps you fell in love with a retirement property there or you’re working overseas and looking to send money back to your family.

With a large number of Egyptians working abroad in Saudi Arabia, the Persian Gulf and Europe, there is a definite need to send money to Egypt from wage packets. 

Whatever the motivation, how you choose to send money to Egypt from abroad can affect the amount received at the other end.

 

There are a number of reasons to regularly transfer money to Egypt. Perhaps you fell in love with a retirement property there or you’re working overseas and looking to send money back to your family.

With a large number of Egyptians working abroad in Saudi Arabia, the Persian Gulf and Europe, there is a definite need to send money to Egypt from wage packets. 

Whatever the motivation, how you choose to send money to Egypt from abroad can affect the amount received at the other end.

A cash transfer service may initially seem like the simplest way to move the cash each month for things like salaries and mortgage instalments.

However, transfer facilities tend to charge high fees for their services. Furthermore, they are unlikely to offer a competitive rate of currency exchange and you could well find that you are limited in the actual amount of currency that can be transferred.

Why not look into the options available with a foreign exchange broker instead?

Companies such as RationalFX are regulated by the UK’s Financial Service Authority to prevent fraud and, as such, are more likely to allow you to send more substantial amounts of money.

The provision is a low fee service and the rate of currency exchange will be one of the most competitive available.