- Use promo code 3FREE to get three free transfers
- Easy to use with round-the-clock help
- Get cash to family and friends in minutes
When you need to get money to a loved one overseas, the last thing you want to have to deal with is navigating a potentially complicated and expensive process. Sending money from the United Kingdom to the Seychelles doesn’t have to be expensive. Compare the transfer fees and exchange rates of the many options available to you to get the most Seychellois rupees for your dollar.
From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, sending an international money transfer to the Seychelles is easy. However, do your research and shop around for the best available deal.
We use our banks to take care of all our other financial needs, so surely we should use them when we need to send an international money transfer, right? Not necessarily. While major UK banks offer money transfer services, they usually present less competitive exchange rates coupled with high transfer fees.
You can often save money by using the services of a dedicated money transfer company. These providers specialise in handling overseas money transfers, offering attractive exchange rates and affordable transfer fees.
Sue needs to send £500 to her son Pete, who is on holiday in the Seychelles. Pete lost his wallet on a snorkelling trip and needs some extra money as fast as Sue can send it. Sue knows that her bank will offer a dismal exchange rate and then take a couple of days to complete the transfer, so she compares two well-known cash pickup transfer companies to see if she can find a better deal.
As you can see from the table below, while the second company offers a superior exchange rate, using the first company allows Sue to save £35 in transfer fees.
|Money transfer company 1||Money transfer company 2|
|Exchange rate||£1 = $16.145 SCR||£1 = $16.395 SCR|
|Transfer method||Cash pickup transfer||Cash pickup transfer|
|Processing time||10 minutes||10 minutes|
|Amount received (in SCR)||$8,072.50 SCR||$8,197.50|
The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. For example, in December 2016, the pound was worth approximately 26 Mexican pesos. However, most countries’ exchange rates are flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.
If time is of the essence and you need to send money to Seychelles as quickly as possible, cash pickup transfer companies can complete transactions in as little as 10 minutes. Before you send a cash transfer, however, make sure you review just how much the transaction is going to cost you. Higher fees and lower exchange rates often apply, so know what you’re agreeing to before you part with any money.Back to top
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