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Welcome to BOSS Money blog

Crucial tips on how to save money on international money transfers.

Recent articles
Bank transfer reference: what it is and why it matters
Bank transfer reference: what it is and why it matters

A simple oversight in this step can cause confusion, delays, or even additional banking fees if the payment has to be investigated. That’s where the bank reference comes in.

Electronic money explained: What it is, how it works & why it matters
Electronic money explained: What it is, how it works & why it matters

Imagine paying for groceries with your phone, splitting a bill with friends after a dinner out, or buying online game credits without needing cash. You might also send money overseas in just a few minutes. These simple tasks all rely on electronic money.

Fixed vs floating exchange rates: What they mean & why they matter for your money transfer

When sending money overseas, you want your loved ones to get the most value possible. To achieve this, you compare the exchange rate between your location and that of your destination country. Exchange rates are set in two ways: fixed or floating.

Fixed vs floating exchange rates: What they mean & why they matter for your money transfer
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Wells Fargo money orders: limits, fees, and better alternatives

A money order is a paper form of payment that looks like a check but works differently. It is prepaid, meaning the buyer pays the full amount, plus a small fee, at the time of purchase. The person receiving the money order can then deposit or cash it.

Wells Fargo money orders: limits, fees, and better alternatives
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Interbank exchange rate: What it is & why it matters

Behind the scenes, banks are constantly swapping currencies at a special “wholesale” price called the interbank exchange rate. It’s the hidden benchmark that determines how much your money is really worth when it crosses borders.

Interbank exchange rate: What it is & why it matters
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