Top 5 Reasons Why You Should Stop Using Your Bank for Transferring Money Abroad

Here at The Money Cloud, we were shocked to see research carried out by the Bank of International Settlements, that 85% of retail transfers are made through banks globally. There are many reasons why you shouldn’t use you bank for transferring money abroad and in this post, we have put together what we think are the 5 top reasons you should stop using your bank for international money transfers in comparison to the services The Money Cloud promote; Read more

How To Move Money Into and Out Of South Africa

Last week we looked at properties in the Gauteng region of South Africa, from the affordable to the fantasy home, in and around Johannesburg and within reach of reach of “Africa’s Square Mile”, Sandton.

It’s all well and good dreaming of a new life in South Africa (or vice versa – relocating from SA to the UK), but before you can do so there are many hoops you must jump through, one of the main ones being how to transfer money into or out of the country, safely, legitimately, and without giving away a sizeable chunk of it in unnecessary transfer fees. Read more

Infographic – The Money Cloud Recommends The Best Money Transfer Apps

If you are still using Western Union, Ria or your Bank to send money abroad, where have you been for the last decade! Times have changed, and tech disruption has made the process of sending money overseas a far more straightforward, efficient, and cheaper process, with the added bonus that you can shop around for the best rates and services.

In that spirit, we present 8 of our favourite money transfer apps, which you can download and use on the go with a smartphone, or at your leisure, saving yourself money in the process. Each one has different features to consider, but we’re sure that somewhere in this list you will find the one that’s right for you.

To compare rates from FCA authorised brokers as well as some of the best-regarded money transfer agencies like TransferWise or Azimo, why not try our money transfer comparison engine?

Sending Money Abroad – Top 5 Things To Check Before You Click Send

There are all sorts of reasons to send money overseas, but whether it’s for business reasons; paying the wages of an overseas employee, for example; personal, buying a property or sending money to a new country before relocating there; or family, paying for a son’s or daughter’s education perhaps; the same rules apply when searching for the right service.

Let’s take a look at the 5 things to look out for before making a transfer. It pays, literally, to plan in advance, take your time, and consider all the options available to you. You might be surprised how many there are. Read more

Thinking Of Investing In Emerging Markets? Here’s What You Should Know

One way to make the most of savings you’d like to grow is by tapping into new investment markets. This could mean looking abroad, in particular at countries that drive global growth. Today, emerging markets in developing nations are poised to do just this – become the world’s new growth engines. As with any financial investment, however, it’s important to measure and manage your risks. Here’s a breakdown on emerging markets and what investing in them means for you.

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Why Tech-Driven Money Transfer Startups Are Cheaper Than Their Older Rivals

The fintech industry has exploded in recent years, slowly growing into niches once dominated by big finance. In the international money transfer market high street banks and wire transfer companies like Western Union are starting to find themselves undercut and outperformed by innovative startups. But what is it that gives these fledgling companies their edge? Read more

Taking Control Of Your Trades: A Six-step Guide

Sending money overseas via a foreign exchange broker doesn’t necessarily mean you’ve got to hand over total control. While they can take care of everything for you, understanding the basics of trading can help you make the most of your international money transfers. It’ll also put you in a much better position to benefit from automated trading platforms or peer-to-peer services. That’s why we’ve put together this six-step guide to getting more involved in your trades. Read more

Free trade: the key to unlocking Africa’s economic potential?

Economic integration isn’t a new concept to Africa; sub-regional markets have emerged throughout the continent since the ’60s. But while there hasn’t been as much integration in the past few decades as many leaders would like, that’s looking set to change. A recent African Union summit set a 2017 deadline for the creation of a continental free-trade area, building on the Tripartite Free Trade Area (TFTA), which covers 26 countries.

Today we’re looking at what such an expansive free-trade area could mean for Africa’s social and economic development. If it manages to propel to some of the world’s poorest countries towards prosperity and stability, it has every chance of shaking up the global economy and foreign exchange for the better. Read more

Abenomics explained: what it means for you

When he was re-elected prime minister of Japan in December 2012, Shinzō Abe laid out a plan to end the country’s decades-long economic slump. His short term goals were to boost GDP and raise inflation to 2%. Long term, he hoped to stimulate competition and cement trade partnerships. But despite its successes, Abenomics is facing increasingly vocal opposition. Opinion in Japan is fiercely divided, so what do these policies mean for you? Read more