The latest advancements in technology have brought ease and convenience to international money transfers. These days, expats can remit funds to virtually any part of the world with just a few clicks of a button, unlike in the past when it would take several weeks for the recipient to be credited. Nonetheless, international money transfer doesn’t come without a few challenges. Let’s explore a few common mistakes expats make when transferring money overseas. 1.   Not Comparing the Exchange Rates and Fees Wire transfer providers charge varied fees and different exchange rates. In most cases, the charges will depend on your country of residence, where you are sending the money and the currencies of the two countries. Americans are the largest sender of money overseas, sending billions to various countries shown in the image created by comparethemarket.com.au below. This is why it is important to double check their exchange rates to ensure...