What does 0% commission money transfers mean?

Buyers beware: Any time you see a money transfer broker, bank or airport bureau boasting ‘we offer 0% commission money transfers’ or ‘no transfer fees’, don’t be fooled into thinking it’s free to send money abroad. This is a marketing gimmick.

International money transfer companies make profit in two ways:

• through a fixed transfer fee
• via profit built into the rate of exchange

The difference between a good and bad money transfer deal will often be guided by the exchange rate.
CurrencyTransfer is free to access and there no fixed transfer fee is charged on transactions booked on the platform. Any profit made on your transaction, is built into the exchange rate offered on the platform. We’re committed to 100% price transparency, so the mid-market rate will be clearly display alongside your exchange rate.