If you need make a money transfer or foreign exchange transaction to Africa you really should forget about using local high street banks and instead enlist a specialist foreign exchange services provider for your African money transfer transactions.
Bank Foreign Exchange Rates - UK and Africa
UK and African bank's typically charge a higher rate of interest than specialist companies can offer you, whilst money transfer times with banks tend to take longer to complete.
Banks will also typically charge you between 3 and 5 percent on money transfers to Africa, while foreign exchange specialists will offer you free transfers at around 1 percent exchange margin rates. |
