How to Prevent Overpayment on Every Foreign Transfer (By FT)
Sponsor: Wise (S$900 free transfer) https://kvli.link/wise Every time you send money abroad through your bank, you’re likely to pay more than you expected. Between flat transfer fees and hidden FX markups, you could be losing up to 3% per transfer – and most people never notice this because it’s built into the exchange rate. In this video, I explain clearly how banks make money on your overseas transfers, show you real numbers on how much you’re losing on MYR, AUD and USD transfers, and walk you through how to set up Wise and make your first transfer in minutes. If you are a new user, you can get a fee-free transfer of up to 500 GBP through my link below. 0:00 Introduction 0:29 Two hidden costs 2:31 Why Wise is faster 3:10 Multi-currency account and interest 4:47 Tutorial: Getting started with Wise 5:41 Outro
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