Archive for the 'Banking' Category

Low Fees Foreign Exchange Using CurrencyFair (Part 2)

Monday, March 21st, 2011

After setting up the account and getting the money to CurrencyFair (CF), I am ready to do some currency exchange. Market and limit trades If you have traded stocks before, you would easily understand how the currency exchange system works in CF. Similar to a brokerage account, you can place “limit” orders or “market” orders. [...]

Low Fees Foreign Exchange Using CurrencyFair (Part 1)

Saturday, March 12th, 2011

I learned of the peer-to-peer foreign exchange facilitator CurrencyFair (CF) last month. CF is based in Ireland and was founded by four former bankers (with a blend of nationalities; Irish, Australian, Irish/Australian and Welsh)  who wanted to “build a currency exchange on the internet. It will be where people buy and sell currency from each [...]

Reverting back to using checks instead of ACH

Monday, November 16th, 2009

ACH transfers (or better know as electronic funds transfer) is supposed to be the new method of money transfer in the 21-st century. But strangely enough, I find that I am reverting back to using checks for some of my transactions instead of using ACH. The following are some examples. Depositing money at brokerages TD [...]