SendMoneyHome is the first dedicated price comparison website for foreign exchange.  It is has been described as the ‘benchmark’ money transfer price comparison site by Martin Lewis (www.moneysavingexpert.com) and grants its 50,000 monthly users to compare costs, and find the ideal deal, when sending money overseas.

There have been a number of factors which have contributed to the success of the site and SendMoneyHome brand. Firstly, the company was originally a UK government project; with the focus being to offer migrant workers and foreign nationals living in the UK a choice when sending remittances overseas. Since then SendMoneyHome has become a fully commercial consumer orientated comparison site, crucially maintaining the same core focus of providing a service to people looking to send foreign currency abroad. The site has expanded to include information about corporate transfers as well as individuals sending larger amounts of foreign currency, as it is not only the consumers who are being subjected to inflated rates by their bank, the vast majority of corporations use banks for money transfer services out of assist when in reality they might be paying an extra 5% in fees/commission compared to using a foreign exchange specialist.

SendMoneyHome has also sought and developed relationships with money transfer organisations (usually associated with smaller money transfers) and foreign currency exchange specialists (larger transactions) in order to offer a realistic and cost effective substitute to using banks. Individuals sending money overseas are prefabricated more aware of the doable options; individuals and corporations are infinitely less aware and even more inclined to use their bank. Companies and Individuals are missing out thousands of potential savings each year in bank levies and commissions.

When visitors are choosing which company to transfer money with, SendMoneyHome uses near live exchange rates (updated each 15 minutes) so that they have the most accurate and up-to-date information and a more transparent intent of the amount currency they will get. This is also important in the eyes of corporations, as foreign currency specialists offer forward contracts and limit orders. This is means that if a firm has an view that the exchange rate might rise in the future, they can concur the current rate in order to save money later on.

Not only does SendMoneyHome offer the most comprehensive and market leading comparison service for foreign exchange, but has also developed a number of applications to make consumers’ lives even easier – a windows desktop gadget which serves to offer an instantaneous comparison on your desktop in your chosen currency, an app for the Google Android phone for price, a Facebook application with an iPhone application currently under construction, which we believe to be of particular importance given the current smart phone explosion and the integration of countless applications used in each day life.

One of the major stipulations of visitors is that of individuals purchasing property abroad and emigrating. In light of this, we have recently set up an online services directory as an additional service on top of the website which encompasses not only foreign exchange firms but associated services such as expat healthcare, tax solutions, international removals and a number of others. We have noticed that there are a massive number of consumer groups which overlap from the service we offer (FX price comparison) and other expatriate services such as those mentioned above.

For more information please visit sendmoneyhome.org

or email: stuart@sendmoneyhome.org

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