High street banks, currency brokers, foreign exchange agents and other financial institutes all are ready for transferring your funds from one place to another round the globe. It is a daily routine job wherein billions of money is being transferred from various banks, currency brokers and foreign exchange agents. There is a great competition existing in the market whereby the customer is able to avail highly competitive exchange rates when he is transferring his money for varied reasons to overseas.
Transferring of money overseas is done for personal, regular, business, and corporate purposes. The cost involved for international money transfer varies from broker to broker and from bank to bank. Generally, high street banks are considered expensive mode of transferring money overseas.
Before choosing the mode through which you would transfer your money overseas; than it is necessary for you to have a research and simultaneously study the Money Super Market’s free independent comparison service that would enable you to compare quickly and easily the deals and offers that all major currency brokers are offering you. A good research would help you to get best deals. Cooperative banking includes retail banking that is carried out by cooperatives, mutual savings banks, credit unions and building societies for performing cooperative businesses.
Cooperative banks in most part of the world are involved in taking deposits and lending money to its customers. But with present modern times cooperative banks are also involved in transferring money of its customers to their or third parties account in same banks or other bank accounts.
Cooperative banks play a vital role in helping its customers to get the best out of their money and so do their charges are also very low as compared to other banks. Cooperative banks motto is to serve its customers with best services at minimum charges. Cooperative banks offer you with electronic transfers for your regular bill payments that can be made by you on giving standing instructions to the bank for making your regular payments.
Cooperative banks also provide you with the facility of Wire transfer that is the fastest way of transferring your funds electronically on the same day anywhere in the world. You can also transfer your money through cooperative banks via cheques but through cheques the payment transfers involves a couple of days.
Cheques do not felicitate your transfers on the same day. SWIFT is the most secured and reliable mode for sending payment orders overseas under the supervision of Cooperative Banks. However, this can only be settled by a correspondent account of the institution that it has with each other.
It is very easy to transfer money through cooperative banks. You can use methods cheque and electronic billing which is very simple and easy to use. The transfer process is not limited to just these but one can even use Giro and SWIFT methods along with various other services to transfer funds from one account to the other. This versatility of the cooperative banks makes them a popular choice among users.
The Co-Operative Bank
The Co-operative Bank p.l.c., P.O. Box 101, 1 Balloon Street,