Choosing how to transfer money to the Netherlands needn’t be a difficult task. Ultimately, you have three main options, using a bank, a Money Sending Bureau or a foreign exchange specialist like Xendpay and which one you choose simply requires a bit of research.
High street banks can be an obvious place to start enquiries, especially if you need to make a transfer to somebody with an account with ABN Amro or ING. Calling into your bank in your country of residence will allow you to organise the transfer; or sometimes you can even organise this over the phone.
However, this convenience comes at a cost and you are likely to find that the foreign exchange rates on offer at your bank are quite poor.
On top of this, there are per-transfer fees to factor into the overall cost. These are imposed every time you move euros; so if you need to make a regular transfer things can add up rather quickly.
Your second option, using a Money Sending Bureau, has the benefit that your recipient does not need a Dutch bank account.
However, as with the banks, you can expect to pay per-transfer fees on each transaction, which can be as much as ten or even 15 per cent.
After you have done some research into your options to transfer money to the Netherlands, you might well be keen to avoid high transfer fees and find a cheaper alternative.
Foreign exchange providers can offer this. Xendpay guarantees you a low fee service when you transfer money to the Netherlands with us, without compromising on our competitive euro exchange rates.
If you want to see exactly how much money you could save with you transfer euros to the Netherlands with us, then why not open an online account.
It’s quick, cheap and easy and will help you to compare your options without making an immediate commitment.