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Why is sending money across borders so slow and expensive? | Learn English phrase 'on hand'

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" Sending money via money-transfer agents or even large banks is slow and expensive. To make a transfer work, several banks charge fees; the process takes a long time; and consumers don't get the best exchange rate. Consumers get the worst deal when they send or receive money in cash. But new financial technology companies are starting to offer faster service and better rates. Plus, learn the English phrase ""on hand."" Read the full transcript of this episode at <a>https://www.plainenglish.com/186</a>      Transcripts are always free and available now! ¿Hablas español? Você fala português? Parles-tu français? 你会说中文吗？日本語を話せますか？ The episode transcripts include instant translations from English to Spanish, Portuguese, French, Chinese, Italian and Japanese. Hover over or tap a highlighted word for the translation. Connect with Jeff on Twitter (<a>@PlainEnglishPod</a>) and Facebook (<a>PlainEnglishPod</a>). Or e-mail <a>jeff@plainenglish.com</a> **NEW** Connect with us on WhatsApp! Send a message to +1 312 967-8757 and add us to your contacts to receive messages from Jeff and JR! If you like the program, please leave a review or rating wherever you listen. It will help others discover the program. Never miss an episode! Sign up to receive updates from Plain English at <a>http://www.plainenglish.com/mail</a>  Subscribers get exclusive links for further reading and additional practice with common English words and phrases. Learn English the fun way: with a podcast in English! Listen to an American English podcast that you enjoy and understand -- all at a slower speed than normal. | Aprende inglés gratis en línea con nuestro curso. Se habla a una velocidad lenta para que todos entiendan. ¡Aprende ingles con nosotros ahora! | Aprenda Inglês online grátis com o Plain English, a uma velocidade menor, para que todos possam entender. "

" Sending money via money-transfer agents or even large banks is slow and expensive. To make a transfer work, several banks charge fees; the process takes a long time; and consumers don't get the best exchange rate. Consumers get the worst deal when they send or receive money in cash. But new financial technology companies are starting to offer faster service and better rates. Plus, learn the English phrase ""on hand."" Read the full transcript of this episode at <a>https://www.plainenglish.com/186</a>      Transcripts are always free and available now! ¿Hablas español? Você fala português? Parles-tu français? 你会说中文吗？日本語を話せますか？ The episode transcripts include instant translations from English to Spanish, Portuguese, French, Chinese, Italian and Japanese. Hover over or tap a highlighted word for the translation. Connect with Jeff on Twitter (<a>@PlainEnglishPod</a>) and Facebook (<a>PlainEnglishPod</a>). Or e-mail <a>jeff@plainenglish.com</a> **NEW** Connect with us on WhatsApp! Send a message to +1 312 967-8757 and add us to your contacts to receive messages from Jeff and JR! If you like the program, please leave a review or rating wherever you listen. It will help others discover the program. Never miss an episode! Sign up to receive updates from Plain English at <a>http://www.plainenglish.com/mail</a>  Subscribers get exclusive links for further reading and additional practice with common English words and phrases. Learn English the fun way: with a podcast in English! Listen to an American English podcast that you enjoy and understand -- all at a slower speed than normal. | Aprende inglés gratis en línea con nuestro curso. Se habla a una velocidad lenta para que todos entiendan. ¡Aprende ingles con nosotros ahora! | Aprenda Inglês online grátis com o Plain English, a uma velocidade menor, para que todos possam entender. "Mentioned in this episode:Ready to improve your listening?Ready to listen fast? Improve your listening with the fast version of this and every episode. The full-speed version is a fresh recording and it sounds just like someone speaking to a native speaker (with no AI or computer manipulation!) You can even listen on a podcast app

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Why is sending money across borders so slow and expensive? | Learn English phrase 'on hand'

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