Avoid Getting Ripped Off When Exchanging Currencies or Sending Money Abroad

You should be angry. No. You should be furious. Every time you’ve transferred money abroad, or exchanged currencies before a vacation, you’ve been ripped off. Horribly so, in fact. When you factor in unfair fees and wildly disparate exchange rates, the total loss to you can often exceed hundreds of dollars. That’s your money. The two biggest culprits are banks and currency exchanges, who rake in billions of dollars each year, largely at your expense. But they needn’t. Here’s how you can get your travel money and transfer money between international bank accounts without getting stung. Foreign Exchange Quite often...

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