In Peru, the person receiving finishes the transfer
Comparing ways to send money to Peru by the fee leaves out what weighs most: whether the money arrives at a counter or in an account, and what the…
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Borderless money
Clear guides on paperwork, money and security for people who moved from Latin America to Europe. Written by the team that runs the platform.
In Colombia the money lands in pesos, so what you pick is where it waits
In Colombia your everyday account is in pesos, so the conversion happens no matter what. What changes from one route to another is how many times it…
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In Peru you get to choose the currency the money lands in
In Peru, money from abroad can land in soles or in dollars, and that decision weighs more than the fee. How to compare routes by the amount that…
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How to compare where you get paid in Argentina without looking at the fee
The fee on the screen is rarely the full price of a payment route. There is one way of comparing alternatives that actually settles it: the amount…
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Wire transfer: the long road, and who charges for the trip
It is the classic international transfer. It can pass through banks you never chose, and each one may keep a share before it arrives.
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Beneficiary verification: the step that stalls more payments than you'd think
Before a transfer executes, the beneficiary's name is checked against the account holder. One accent of difference is enough to stop it.
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Account ownership: whose account it is, and why it gets checked so often
Ownership says whose account it is. Almost every stall an international payment suffers comes back to it.
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Spread: the price nobody charges you and everybody applies
It is the gap between the price a currency is bought at and the price it is sold at. That is where the margin on a conversion travels, without…
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SEPA: why a euro payment between countries behaves like a local one
SEPA is the agreement that makes sending euros from one European country to another work under the same rules as sending them within a single country.
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SEPA Instant: the euro payment that doesn't wait for a business day
The instant SEPA scheme credits in seconds and runs every day of the year. It is not always available, and it helps to know what that depends on.
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Remittance: the word reports use for what you call sending money home
A remittance is money one person sends to another in a different country, usually to family. What sets it apart from any other transfer.
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Mid-market rate: a useful reference nobody trades at
It is the midpoint between what is paid and what is charged for a currency. It works for comparing, but it is not a price you can convert money at.
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