In this episode of Armchair Expat, host Shannon Acton sits down with Kelly Cutchin, U.S. Country Manager for MoneyCorp, to demystify the world of currency exchange and international money transfers.
They explore why using your bank for overseas transactions could cost you thousands, how forward contracts can protect your home-buying budget, and why personalized service still matters in a digital world. Kelly also shares insights into current property purchase trends among Americans moving abroad, and what makes MoneyCorp’s hands-on approach so unique.
Key Takeaways
- MoneyCorp has been in the currency exchange industry since the late 1970s.
- Understanding the interbank rate is crucial to avoiding hidden bank markups.
- Clients can save thousands by using MoneyCorp instead of traditional banks.
- Every client is paired with a dedicated currency exchange specialist for one-on-one guidance.
- Setting up an account is quick, free, and requires no deposit.
- There’s a growing trend of Americans purchasing property abroad in countries like France, Portugal, and Spain.
- Always consult tax and immigration specialists before purchasing property overseas.
- Forward contracts let clients lock in exchange rates for future transactions.
- MoneyCorp offers multi-currency accounts for flexibility and convenience.
- Funds held with MoneyCorp are safeguarded and insured for peace of mind.
Connect with Kelly Cutchin of Moneycorp
Email: kelly.cutchin@moneycorp.com
Create your free Moneycorp account here
ABOUT ARMCHAIR EXPAT
Armchair Expat is hosted by Shannon Acton, founder and Chief Bargain Hunter of Bargain Homes Abroad
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