Hi there friends! I was pleased to meet you at the last look-up, for those who missed out - my name is Nir Biton, manager…

Hi, friends!

I was delighted to meet you at the last look-up, for those who missed out - my name is Nir Biton, the sales manager for Covercy.
I have been a member of the forum for several weeks now and enjoy every moment.

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.
We only need to fill out a few forms and answer regulatory questions, but then it flows and is easy, and there is no difficulty in getting money 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.

Many thanks to Ido Neuman and Lior Lustig for the opportunity to meet and get to know you !!

Good evening
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