Disappointing cheese. Football played with hands, no feet. No drinking beer in the park! French expats face a lot of challenges when they move to the US. Watch the video below to see some share their top tips for French new arrivals to the States.
One further top tip: sending money back to France can get expensive. But now, French folks living in the US have a new option: a peer-to-peer money transfer model that makes foreign exchange cheaper for everyone.
TransferWise uses the mid-market exchange rate – without the hidden markup fees – making it up to 8x times cheaper to send money abroad compared to using a bank. Over £1bn has been transferred across the globe so far using the TransferWise platform, saving customers more than £135m in hidden fees.
TransferWise works as a middleman, ensuring to keep enough of each currency in it’s respective country so money doesn’t actually need to cross the borders. This allows them to charge $1 for transfers up to $300 and 0.5% for everything above that. Founded by ex-Skype employee Taavet Hinrikus and co-founder Kristo Kaarman, TransferWise is trusted by thousands of people all over the world to send $750 million per month.
For example? Carl Selya-Hammer is a New Yorker who uses TransferWise to send the money that he needs every time he visits his girlfriend in France, instead of the banks that used to hide the fees they were charging him. ‘It allows you to be more flexible in traveling and paying your bills if you have multiple bank accounts in multiple countries,’ he says, ‘It’s just easy to move money the way you move!’
Move money without borders: see how much you’ll save yourself: