Planning to transfer money overseas or complete an international payment? Then you're probably looking for the cheapest method and the best service. But how do you find it? There are countless currency brokers available all claiming the biggest savings and great exchange rates. How do you choose between them?

Fortunately I have compiled a list of essential tips to solve these problems. Keep these in mind the next time you send money abroad for big savings!

The first method to save money when you transfer money overseas is to find a currency broker that doesn't charge commission. This is because commission can sometimes add up to a significant percentage of the transfer total, meaning you can lose a lot of money. Plenty of currency brokers though don't charge commission - simply find one of these!

The second method to save money when you transfer money abroad is to find a money transfer service that's dedicated to foreign exchange. This is because high street banks for instance take larger quantities of cash on each exchange than dedicated brokers. Choose a specialist transfer dealer and you can really make big savings!

The third method to save money when you transfer money abroad is to consider the exchange market. The foreign exchange market is fluctuating constantly meaning the saves you get are determined by the rates available. Reseach what's happening on the markets beforehand though and you can either take advantage immediately or wait for a better rate to arrive!

The fourth method to save money when you send money abroad is to make the exchange while the going's good. If the exchange rate is favourable then it's a good idea to take advantage before the rate goes down again. This is because the exchange market moves constantly and if you're too greedy you might end up worse off!

So that it. Remember these tips the next time you plan to send money abroad and you can expect great savings!