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Solving International Money Transfers: An Expat’s Journey with CFPS

Explore the fascinating story of Sarah Thompson, a dynamic expat from the United States who embarked on a life-changing journey to Spain. Sarah, a former marketing manager, dared to chase her dreams and create a new chapter in a foreign land. Little did she know, her dream home would soon become a reality, with a charming villa in the Spanish countryside awaiting her.

However, she encountered a significant hurdle on the path to property ownership – the need to send a large sum of money across borders, a task made more complex by her financial accounts. Discover how Sarah triumphed over this obstacle with the help of the CFPS app, making her expat life in Spain smoother and more financially empowered.

Tell us a bit about yourself and your journey as an expat

I’m originally from the United States, and I used to work as a marketing manager back there. But about two years ago, I decided to make a bold move and follow my dreams. So, I packed my bags and headed to beautiful Spain, a place I’ve always wanted to live in. I’ve been enjoying every moment of it ever since! I now live in a small coastal town, surrounded by beautiful beaches and wonderful people. I’m learning the language, making new friends and exploring the country. It’s been an incredible journey and I’m excited to see what the future brings.

That’s a remarkable journey. Could you tell us about your current job in Spain and how it fits into your new life as an expat?

After settling in Spain, I decided to take a different path in my career. I’ve always been passionate about art, and this beautiful country has so much to offer in terms of culture and creativity. So, I decided to embrace my artistic side and now work as a freelance illustrator and graphic designer. It’s a refreshing change from my previous corporate job, and it allows me to immerse myself in the rich art and culture of Spain while also enjoying a more flexible work-life balance.

Now, let’s get into the situation you faced with transferring a large sum of money. Can you tell us more about it?

Well, I fell in love with a charming villa in the Spanish countryside and decided to purchase it. The issue was that my savings were in a US bank, and I couldn’t directly make the payment from there due to high currency exchange commissions and fees set for international transfers. So, I could only transfer the money to another account in my name in Spain.

How did you come across a solution to this problem?

Luckily, I heard about CFPS through a friend who’s also an expat in Spain. CFPS offers unlimited SWIFT transfers with low flat rates for outgoing payments and free incoming transfers, which made the entire process so much smoother for me.

That’s great to hear! Could you walk us through how CFPS helped you make the payment for your new villa?

So, with CFPS, I was able to create an account online by providing photos of my US passport and Spanish self-employed residence permit. I transferred the money from my US savings account to my CFPS account, and from there, I easily made the payment. The best part was that the fixed charges for outgoing transfers were so much lower than what my US bank was offering. Plus, there were no hidden fees or surprises in the exchange rates – it was all transparent and straightforward.

Was the process quick and user-friendly?

Yes, it was incredibly user-friendly! The CFPS app is designed with millennials like me in mind, with a sleek interface and simple navigation. I just selected the recipients, entered the payment details, and voila, the transfer was on its way. The entire process was pretty quick, which was essential in my case.

It’s amazing how technology can simplify our lives. How has CFPS influenced your overall financial experience as an expat in Spain?

CFPS has made my financial life here in Spain so much easier. From paying bills, transferring money between my accounts, and now, even making substantial international payments, CFPS has become my go-to app. It’s a game-changer for expats like me who often deal with cross-border financial transactions.

Thanks for sharing your story and how CFPS has helped you solve the issue of sending a large sum of money for your new home. Do you have any final thoughts or advice for other expats facing similar financial challenges?

Absolutely! To my fellow expats and anyone dealing with international transactions, I’d say give CFPS a try. It’s a reliable and cost-effective solution that can save you time and money. Moving abroad can be full of challenges, but with the right financial tools, it becomes a whole lot easier. So, embrace the adventure and make your financial life a breeze!

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Posted on November 13, 2023