international money transfer<\/a> consists of sending funds from a bank account located in one country to an account held in another country, most often in a different currency. Although the process may appear straightforward, it actually relies on four key steps, none of which should be overlooked:<\/p>\n\n\n\n\u2022 Identifying the beneficiary: full name, address, international account number (IBAN in most European countries), and the bank’s BIC\/SWIFT code.<\/p>\n\n\n\n
\u2022 Choosing the sending currency: either in euros, with conversion upon arrival, or directly in the beneficiary\u2019s local currency. This decision, often underestimated, has a direct impact on the final cost of the transaction.<\/p>\n\n\n\n
\u2022 Selecting the execution channel: a traditional bank transfer via SWIFT, a specialised platform, or the services of a foreign exchange broker.<\/p>\n\n\n\n
\u2022 Validating the transaction: transmission of funds accompanied by a confirmation containing a reference number that allows the transfer to be tracked.<\/p>\n\n\n\n
Virtually all banking institutions now allow customers to initiate international transfers through their online banking space. Specialised platforms such as Evyra FX, meanwhile, offer a fully digital experience with real-time visibility of both the transaction status and the exchange rates actually applied \u2014 a level of transparency that few traditional channels are still able to provide.<\/p>\n\n\n\n
2. Breaking Down the Real Cost of a Transfer<\/h2>\n\n\n\n
A recurring question, and one that deserves a nuanced answer. The cost of an international transfer can never be reduced to a single figure: it results from the combination of four distinct cost components, some of which remain deliberately difficult to identify.<\/p>\n\n\n\n
\u2022 Sending fees charged by the originating bank, generally ranging between CHF\/EUR 15 and 50 depending on the institution.<\/p>\n\n\n\n
\u2022 Correspondent banking fees charged by intermediary banks within the SWIFT network \u2014 invisible at the time of transfer but deducted from the amount ultimately credited.<\/p>\n\n\n\n
\u2022 Receiving fees charged by the beneficiary\u2019s bank, the amount of which varies from one country to another.<\/p>\n\n\n\n
\u2022 The exchange rate spread \u2014 the difference between the interbank rate and the rate actually applied.<\/p>\n\n\n\n
In most cases, this is the largest cost component and, paradoxically, the least visible to the client.<\/p>\n\n\n\n
By way of illustration, a transfer of EUR 10,000 to the United States carried out through a traditional bank may represent a total real cost of between 1.5% and 3% of the transferred amount. A specialised platform can significantly reduce this difference by eliminating ancillary fees and applying an exchange rate much closer to the interbank market rate.<\/p>\n\n\n\n
3. Allocation of Fees: OUR, SHA or BEN<\/h2>\n\n\n\n
The SWIFT network provides three fee allocation options, determining who bears the costs associated with the transaction:<\/p>\n\n\n\n
\u2022 OUR \u2014 the sender bears all charges, including those imposed by intermediary banks.<\/p>\n\n\n\n
\u2022 SHA, the most common option \u2014 the sender pays their own charges, the beneficiary pays theirs, while intermediary fees are deducted along the transfer route.<\/p>\n\n\n\n
\u2022 BEN \u2014 the beneficiary bears all charges.<\/p>\n\n\n\n
The appropriate choice depends on the purpose of the transaction. In a commercial context, the OUR option generally remains preferable: it guarantees that the beneficiary receives the agreed amount in full, to the exact euro, and eliminates any subsequent dispute regarding the amount effectively credited.<\/p>\n\n\n\n
4. Limits, Controls and Reporting Obligations<\/h2>\n\n\n\n
No universal transfer limit applies: thresholds depend on your financial institution, your client profile, and the applicable regulatory framework. Several obligations nevertheless apply across most jurisdictions.<\/p>\n\n\n\n
\u2022 Above certain thresholds \u2014 generally EUR 10,000 or its equivalent \u2014 a reporting obligation may be triggered with the tax authorities of either the sending or receiving country.<\/p>\n\n\n\n
\u2022 Anti-money laundering regulations require all financial institutions to verify the origin of funds and the economic rationale behind the transaction.<\/p>\n\n\n\n
\u2022 Certain jurisdictions apply foreign exchange controls that may restrict incoming or outgoing capital flows.<\/p>\n\n\n\n
Using a regulated provider such as Evyra FX, operating exclusively with financial institutions supervised by leading regulatory authorities (including the FCA), allows these obligations to be handled within a rigorous framework while significantly reducing the administrative burden placed on the client.<\/p>\n\n\n\n
5. Choosing the Right Transfer Channel<\/h2>\n\n\n\n
Five criteria should guide an informed decision: total cost, including visible fees and the actual exchange rate; execution speed, which may range from a few hours to several days; transparency, meaning the ability to know in advance the exact amount the beneficiary will receive; quality of service, with or without a dedicated account manager; and finally, geographical coverage and the range of supported currencies.<\/p>\n\n\n\n
Traditional banks retain the advantage of familiarity and integration within a broader banking relationship; in return, they generally charge more and are structurally slower. Specialised platforms such as Evyra FX combine the expertise of a foreign exchange broker with the efficiency of a modern interface, a particularly relevant combination for recurring transfers, significant amounts, and multi-currency transactions.<\/p>\n\n\n\n
6. The Best Transfer: A Matter of Suitability<\/h2>\n\n\n\n
There is no universally \u201cbest\u201d transfer solution: it depends entirely on the nature of the transaction. For a one-off transfer to a relative, a consumer application may be sufficient. However, when dealing with property acquisitions, salary payments in foreign currencies, or recurring settlements with international suppliers, expectations shift to another level: legal security, transparency regarding the applied exchange rate, value-added human support, and the ability to manage foreign exchange risk become essential requirements.<\/p>\n\n\n\n
7. The Evyra FX Proposition<\/h2>\n\n\n\n
It is precisely in these strategic transactions that Evyra FX delivers its added value: transfers with no hidden commissions, settlement within twenty-four hours, access to 56 currencies, a dedicated account manager, and a fully regulated framework (FCA). Your funds are handled within a trusted environment, with the possibility of securing an exchange rate in advance for up to two years \u2014 a level of comfort that few institutions offer to non-institutional clients.<\/p>","protected":false},"excerpt":{"rendered":"
Everything You Need to Know Before Sending Money Abroad Property acquisition in Portugal, remuneration paid to a consultant based in Dubai, payment of tuition fees in the United States, financial support for an expatriate relative: the reasons for making an international money transfer reflect the diversity of the situations that justify them. Behind what appears […]<\/p>\n","protected":false},"author":3,"featured_media":1309,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-1293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"_links":{"self":[{"href":"https:\/\/evyra-fx.com\/es\/wp-json\/wp\/v2\/posts\/1293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/evyra-fx.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evyra-fx.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evyra-fx.com\/es\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/evyra-fx.com\/es\/wp-json\/wp\/v2\/comments?post=1293"}],"version-history":[{"count":3,"href":"https:\/\/evyra-fx.com\/es\/wp-json\/wp\/v2\/posts\/1293\/revisions"}],"predecessor-version":[{"id":1315,"href":"https:\/\/evyra-fx.com\/es\/wp-json\/wp\/v2\/posts\/1293\/revisions\/1315"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/evyra-fx.com\/es\/wp-json\/wp\/v2\/media\/1309"}],"wp:attachment":[{"href":"https:\/\/evyra-fx.com\/es\/wp-json\/wp\/v2\/media?parent=1293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evyra-fx.com\/es\/wp-json\/wp\/v2\/categories?post=1293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evyra-fx.com\/es\/wp-json\/wp\/v2\/tags?post=1293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}