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Money transfer articles

BOSS Money blog money transfer articles

Money Transfer

December 29, 2025

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7 minutes read

Where to get euros for travel in 2026: Banks, ATMs, or online services?

If you're on your way to Europe, you might wonder whether you should bring enough euros before departing or exchange dollars upon arrival. You can purchase euros while still in the U.S. However, you should know the conversion fee beforehand.

Money Transfer

November 14, 2025

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9 minutes read

Maximum money transfer without tax: Smart strategies for gifting and family support

If you’ve ever sent money to a loved one, you’re definitely not alone. Millions of people in the U.S. regularly wire funds to family or friends - maybe to help a child pay tuition, cover a parent’s medical bills, or send a birthday gift to a friend overseas.

Money Transfer

November 10, 2025

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8 minutes read

SoFi foreign transaction fees explained: Costs, tips, and alternatives.

If you’re traveling abroad or shopping online in a different currency, you might wonder whether SoFi is legit and whether it will charge you extra. This is a common question for people using their SoFi card outside the United States.

Money Transfer

November 05, 2025

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8 minutes read

Is Sofi legit? A complete review of safety and customer experience

Trust is the foundation of any financial service, especially when it involves saving or borrowing. Everyone wants confidence that their money and information are handled safely and transparently.

Money Transfer

November 03, 2025

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9 minutes read

How much cash can I take to Mexico?

Mexico does allow travelers to bring cash, but there are clear legal declaration limits – and practical safety concerns you shouldn’t ignore. Bringing a reasonable amount is perfectly fine;

Money Transfer

October 30, 2025

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8 minutes read

El Salvador currency - What money do they use

El Salvador is a small but vibrant country in Central America known for its surf-friendly beaches, lush volcanoes, and strong family connections across borders.

Money Transfer

October 30, 2025

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8 minutes read

Peru currency guide: What is the Peruvian sol, and how does it work?

No matter the length of your stay, staying liquid and having easy access to your funds will make your time in the country much smoother.

Money Transfer

October 24, 2025

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7 minutes read

Canadian currency: What money is used in Canada

The Canadian Dollar might look a lot like the U.S. dollar, but it is a separate currency. Its value changes based on the economy, trade, and global exchange rates. If you are traveling, it’s a good idea to check the current exchange rate of money in Canada before exchanging money or paying for things.

Money Transfer

October 21, 2025

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8 minutes read

Understanding Mexican currency

If you’re planning to be one of tourists, you’ll have to consider the currency used in Mexico before making any travel plans. U.S. dollars may be accepted in some tourist areas, but they’re not legal tender.

Money Transfer

March 05, 2026

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8 minutes read

Guide to Dominican currency and exchange rate

The Dominican peso, written as DOP or RD$, is the country’s official currency. If you are in the Dominican Republic or planning to visit the beachy country anytime soon, you must know the exchange rate so you can plan your spending and avoid paying more than you should.

Money Transfer

October 16, 2025

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9 minutes read

Different types of currency around the world

Money talks. It always has, but in this day and age, it’s become more important for money to be “translated.” In a way, you can consider money as a universal language, with hundreds of dialects being the different currencies around the world.

Money Transfer

December 29, 2025

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9 minutes read

Rules on gifting money to family: What you need to know

Helping loved ones financially, whether it means supporting a child through college, assisting aging parents, or sending funds abroad, can be both rewarding and practical. Cash gifts let you share your resources when they matter most, creating security and opportunities for the people you care about.

Money Transfer

September 26, 2025

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6 minutes read

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.

Money Transfer

September 24, 2025

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8 minutes read

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.

Money Transfer

September 24, 2025

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9 minutes read

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.


Licensed money transmitter (NMLS 935577, MA FT935577). Copyright © 2026 IDT Corporation. All rights reserved.


*Fees are based on the currency, send amount, payment method, delivery method and payer that you select for your money transfer. You will be able to confirm the fee amount you will be charged before submitting your order.


Special Offers: From time to time IDT Payment may offer pricing or other specials for transfers to certain destinations up to certain amounts. See website or App for details. Standard fees apply to all other money transfers. Special offers are available only where IDT Payment Services, Inc. or IDT Payment Services of New York LLC (collectively, “IDT Payment”) is licensed. IDT Payment reserves the right to modify or discontinue any special offer at any time without prior notice.


BOSS Money transfer products and payment services are offered and serviced by IDT Payment Services, Inc., licensed money transmitter (NMLS 935577, MA FT935577), or IDT Payment Services of New York LLC, licensed as a Money Transmitter by the New York State Department of Financial Services (collectively, “IDT Payment”). IDT Payment may make money when it changes your dollars into foreign currency. Fees may vary by sales channel and location based on a number of factors and are subject to change without prior notice. Access to money transfer services and the transfer of funds may be limited, delayed or unavailable during certain periods and/or based on certain transaction conditions. Additional restrictions may apply. See Terms or Agent for details.


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