In recent month, but mostly in the last year, I've had to do a little bit international transfer of cash. To support family as well as lend to friends etcetera.
It turns out it's not as easy as one would hope. Most services, including bank of america that I use, claim to not have any extra charges or costs associated, but they absolutely do hose you over in the interest rates. And by god if you need that money back those 3% charges are being paid twice, once every round, so that adds up real quick.
I've heard of some services, such as transferwise, and the other one, that give way better exchange rates, and the next time I'm transferring muchos dineros, that's the service I'll be using, whichever one hoses me over the least.
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