My daughter studies aboard and whenever I send money to her, the amount she gets is always less than what I'd expected. There seems to be a lot of different applicable charges. I cannot wait to finally have a more efficient and transparent way to send money.
We have to make payments to a lot of vendors and suppliers overseas, and the charges really add up. Having a spot rate transfer will really help to take our cost down!
I transfer money back home every month. Every dollar counts for me. Not having to pay exchange rate spread is great, and the 1% fee is perfect as I can send smaller amount back home more frequently without worrying about minimum transfer fee elsewhere.
I invest in various properties overseas. The spread in the exchange rate is a bane for me as it increases my transactional cost. I look forward to maximizing my return by having the option to transfer at interbank rate.