In June of 2021 the Mission Office officially partnered with Moneycorp (www.moneycorp.com), a global currency exchange firm.  We have been very pleased with the services they provide and wanted to share with you the amazing results.  During the past 14 months those missionaries that have been using Moneycorp for their wires have saved a total of $23,752!!  That is incredible.

As a reminder, there are two dynamic offerings that Moneycorp brings to the table (among many others):

1. Lower overall fees on USD wires.  USD wires with Moneycorp come with a flat fee of $10.  BBFI missionaries avoid the $8 fee from Commerce Bank along with the $30 fee from the Intermediary Bank…that’s a savings of $28 on EVERY USD wire.
2. Savings on the currency exchange. Moneycorp provides us with the ability to wire in foreign currencies.  This results in a significant savings on the exchange for each wire. One wire in Euros to one of our missionaries resulted in a savings of more than $70.  What’s more is that there are NO FEES for this type of wire.

If you are currently using Moneycorp for your wires, please let us know how it’s going.  Also, if you would like more information, or wish to begin using this service, please let Wendi (wpage@bbfimissions.com) know to add you to the Moneycorp list for your next wire.

We are always looking for ways to add value to the services we provide for you.  We are happy to have found Moneycorp and hope you are able to take advantage of their services.

Serving with You,

Brian