February 27, 2006
International Money Transfer
Freer cash flow: Moving money without banks, by Thomas Crampton
Travelex and Custom House both have advantages over banks. To start with, they both allow individuals to transfer large amounts of money at exchange rates that are very attractive relative to banks. The companies say their lower overhead as specialized foreign-exchange companies operating few branch offices allows them to offer more competitive rates and flexible service.
I’ll have to look into this, but the exchange rates I’ve seen Travelex quote in the airport would make the old money changers outside the temple turn green with envy, so I have my doubts.
Cat: | Time: 3:02 pm (utc+8)