How to Avoid Fees When Making International Money Transfers

International money transfers are becoming more important every day. So, it’s important to find a method that will save you as much as possible in transfer fees. 

And there’s a way to do it, both for you and your business. Let’s take a look at how. 

Wise Borderless Account

Wise is known as the cheapest way to send money abroad. And most of the time, it still is. 

But to get the most out of Wise, you shouldn’t use it only for sending money. You can open a borderless account and receive money in different currencies. 

Then, you only need to convert that money to the currency you want when rates are good. For example, if you live in Thailand, you can receive USD in your Wise account. Then, just wait for good USD to THB exchange rates and convert the money. 

After that, you can choose to send THB to Thailand with your Wise THB account or just leave it there and send it when you need it. 

This way, you can get good exchange rates and save on transfer fees at the same time.