Brits looking to buy a property in Croatia and those already living in the country can save money on financial transactions according to the Post Office who has just launched a new foreign currency money transfer service.

The new Post Office Overseas Property Money Transfer foreign exchange service has launched, enabling customers to make international bank to bank money transfers. It also offers customers peace of mind by enabling them to fix at a favourable foreign exchange rate for up to a year, giving valuable protection against volatile foreign currency fluctuations.

The Post Office Overseas Property Money Transfer service offers competitive foreign currency exchange rates, with 0% commission and no hidden charges. The service reimburses customers for any charges that the destination bank may impose, meaning that customers can save hundreds of pounds a year. Anyone needing to transfer money to an overseas bank account can benefit from the online service.

Sarah Munro, Post Office head of money transfers, said: "Until now, many users of international bank to bank money transfer services have found it to be an expensive business, with limited options for small transfers in foreign currency. They have often been unable to capitalise on the great foreign exchange rates offered by foreign currency specialists because they weren't buying in bulk. And they were also at the mercy of volatile foreign currency markets, making it harder to get the most from their money."

"The Post Office Overseas Property Money Transfer service offers customers the ability to fix at a competitive foreign exchange rate, giving them peace of mind for up to a year, which is a real advantage in current markets. We calculate that with 0% commission and our competitive foreign exchange rates we will be saving customers a serious amount of money if they've just sold their house or are paying a deposit on a new property."