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One of the main obstacles you will have to overcome is finding the most affordable and convenient way to pay for your wedding, which is where international money transfers come in.
Very few aspects of a wedding are usually cheap. And when you’re organizing a wedding in an unfamiliar destination, the cost of the ceremony and reception can quickly add up.
First of all you need to book venues for the ceremony and reception, which could be several thousands of dollars. Then there’s the marriage officiant, entertainment for the reception, potentially seating and a PA system if you’re having an outdoor ceremony, table decorations, food and drink, the all-important wedding cake… the list goes on.
Add this to the cost of flights and accommodation at your destination, and even the most budget-conscious of couples can quickly run up a hefty bill. With this in mind you’ll be looking for any ways you can find to save money on your wedding – and you can enjoy significant savings if you pay for your big day using international money transfers.
There are several options available when you need to pay for an overseas wedding, including:
Although there are several options available when you need to send money overseas online money transfer companies represent the best choice in most cases. Some of the benefits of using specialist money transfer companies include:
Wendy and her fiancé Stephanie are planning a destination wedding in Paris in six months’ time. They’ve found the perfect venue for their wedding reception, and need to transfer €3,000 to Paris to book it for their big day. Wendy considers sending the money overseas from her bank account, but after learning of the low exchange rate offered by her bank she decides to compare the services of a specialist money transfer company to see if she can find a better deal.
| Bank | Money transfer company | |
|---|---|---|
| Exchange rate | 1 USD = 0.8995 EUR | 1 USD = 0.9484 EUR |
| Transfer fee | $45 | $0 |
| Processing time | 2 business days | 1 business day |
| Cost to transfer €3,000 (in USD) | $3,380.10 | $3,162.27 |
As you can see, not only can Wendy and Stephanie save $45 in transfer fees by sending via a money transfer company, but they can also save a further $218 thanks to the transfer company’s superior exchange rate.
You’ll need to compare the following factors when weighing up the pros and cons of specialist money transfer providers:
By doing a little research and comparing your options, you’ll be able to enjoy significant savings when you transfer money overseas for your international wedding.
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