Every week, we hear a variation of the same unfortunate story. This time, let's talk about Max.
Max is a first-class client of a prestigious asset management firm in New York. He's savvy, successful, and accustomed to VIP treatment. When it came time to transfer his shekels to his investment account, he wanted the best exchange rate and the fastest service. Naturally, he planned to use Adesco.
But then, his investment firm assured him they could handle it better.
"Just transfer the shekels directly to us," they told him. "We'll convert the funds at premium rates—you're a top-tier client, after all."
Max hesitated. He trusted Adesco's efficiency and transparency, but he figured that with his status, his firm wouldn't steer him wrong.
The Costly Reality
Unfortunately, Max fell into an all-too-common trap. Here's what happened next:
- He lost 8 agurot per shekel on the exchange rate
- His Israeli bank charged 650 shekels for the international transfer
- It took five days for the money to arrive in his account
- The total loss? 13,350 shekels. That's nearly $3,700 USD—gone,
With Adesco he would have saved all that money and received the funds the same day !
Why Adesco Is the Smarter Choice
Max's mistake is a painful lesson in why choosing the right partner for currency transfers matters. Had he used Adesco, he would have:
- Traded at the best exchange rate
- Saved unnecessary bank fees
- Transferred funds in record time — same-day transfers are our specialty
Every week, we see clients lose money by assuming their bank or investment firm will offer the best rates. But banks aren't in the business of helping you save money - Adesco is!
Avoid Max's Mistake—Make the Smart Choice
If you're transferring funds to Israel—for investments, real estate, or business payments—don't let bank markups and slow processing times cost you. Adesco ensures:
- Best-in-market exchange rates with complete transparency
- Fast and secure transfers without unnecessary delays
- Expert assistance from dedicated professionals
Thinking of buying property in Israel? Don't let currency exchange issues cost you thousands.
Contact Adesco today to ensure your next transfer is seamless and cost-effective.