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Efficient currency exchange and overseas transfer

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Just a boy
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Although it is probably a small risk, one thing to bear in mind when dealing with non bank intermediaries when transferring/converting funds is Counter Party Risk ie the risk of the non bank intermediary failing/collapsing/fraud while they have your funds.

Small risk but it is likely to be a higher risk than using a bank. Certainly when I was in the corporate world our treasury policy prevented us from using non bank intermediaries due to the greater risk - but then the $ involved were huge compared to what most of us would be transferring.

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