What does it cost to send money?
The cost of sending money abroad often varies because every company is allowed to set its own fees. The companies that offer a transfer service to other countries charge money for doing so. When the transfer has been made, they also make a charge for converting the money to the recipient country’s local currency. How much the fees are varies widely in many cases.
Compare prices for sending money from Sweden to...
- Bosnia and Herzegovina
- Burkina Faso
- Sri Lanka
You should find this out before you send money abroad so as not to miss any fees:
Find out how much is deducted in fixed fees for the transfer and for converting the money. A company that has low fees for one thing may charge more for something else.
Always ask if any money is charged in the recipient country when you make a transfer.
Remember to count all the costs. It is how much money the recipient receives that is important.
Count all the costs:
Fee for the transfer itself
Fee for converting the money, called a conversion charge
Costs to receive the money