Hi guys! My name is Nir Biton, sales manager of Covercy. First, thanks to Neta and Yariv ...
Hi, friends!
My name is Nir Biton, sales manager of Covercy.
First, thanks to Neta and Yariv who invited me to join the forum!
Transfers abroad - information and explanation of the process.
The process of transferring money abroad always seems threatening.
There are many rumors: easy to transfer hard to repay, high fees, it gives you an exemption on X but takes more on Y - is it worth it? How much do you pay anyway?!.
Basically it's the simplest thing in the world and there's nothing to get involved with.
In fact, in order to reduce costs of sending and receiving money from abroad, the company should be able to hold local bank accounts in different countries, enabling transfer of records on the company's computers, and in fact transferring between local accounts in the target countries - in local currency.
This allows to reduce fees of transfer and ensure smooth transition between banks.
How do you know that the gate you get is the best? You will be asked to receive a continuous gate (the gate known at that moment and can be checked by Google by writing the currency pair).
Also, note that you will have the opportunity to receive a quotation and open transfers even on non-foreign exchange days - Saturday and Sunday.
Another point to find out - Do your asset management companies partner with a money transfer company? By doing so, you can save more and get higher value for your investment! You will receive a real-time update on sending money from the incoming management company or general partner and the rate at which the money was converted for you !!
Today investors are global, and there are many investors who spread their money over at least three currencies, and it is important that the money transfer company will know how to handle your money uniformly and in one local bank account. In general, it is always preferable to transfer only with a company that specializes in transfers for investments.
To match expectations, as with anything, the first transfer will take a little longer - but it's worth the trouble.
You only need to fill in a few details and answer regulatory questions, but after that it flows and easy, there is no difficulty in receiving funds as there is no difficulty in sending them.
If you have investor groups that need to distribute funds every quarter, it is important to ensure that the money transfer company is in the interest of offering you specific and effective solutions.
Hope you've donated 🙂
Friends, I will be happy to answer any questions, feel comfortable asking everything.
The original responses to the post can be read at the bottom of the current post page on the site or in the link to a post on Facebook and of course you are invited to join the discussion
Hi Nir, Thanks for the enriching knowledge
I used twice, went smooth. Thanks 🙂
"In fact, the company should be able to hold local bank accounts in different countries."
Can you elaborate? Does the company have an account with an Israeli bank?
It's fun working with professional people like you Nir. Thanks for the information you shared here n nir Bitton Nir
Has been using COVERCY for years (among the first) and definitely recommends the company.
Dolev Ashkenazi The truth is that we have some difficulties with the transfers from the assets, how can we check your intervention?
First of all, thank you for the information. My question is when a large amount of money accumulates in a bank account abroad. Bring it back to Israel. There is a problem.