Different Ways to Send Money Abroad
If you often send money abroad then you might be aware about the Western Union and Moneygram money transfer services. Both are internationally famous money transfer services but these are not the only option to send money abroad. Let's see all different methods available for overseas money transfer including Western Union and Moneygram.
1) Western Union :
It is world renowned money transfer services using which you can send money to any location of the world. Company is having many branches across the globe and conumer can also make the electronic wire transfer over the internet or Phone. If the sender has transferred using this service then it takes one working day to deliver the money in recipient's bank account. It is one of the reliable, fast and secure method of overseas money transfer. The company charges some amount based on the size of the money you transfer.
2) MoneyGram :
MoneyGram is considered as one of the largest and capable providers of money orders. It is known for its excellent customer service which reduces the money order accidents. It has more than 100,000 officies worldwide. The major services offered by MoneyGram are Wire transfers, money orders and direct overseas money transfer. It also offers the latest technology with high performance internet online based payment services. This services are not for free, you need to pay fees for them which seems high for less amount transactions.
3) Wire transfer or bank drafts :
When you send money through draft it is not mandatory to have a bank account but you will be charged more if you are sending a draft from the bank where you do not have any account. In wire transfer or bank drafts the recipient must have a valid bank account.
4) Pay in cash :
This is one of the easiest method of transferring money abroad but you will be charged more in this method. However, the service is quick in nature. One has to meet the agent and provide the recipients's details and agent will transfer the money by electronic means which will not take more than few minutes.
5) Online payment through debit or credit card :
One can easily receive or send money overseas using the visa and master cards. You will get the excellent rates and it is really a quick way to transfer money abroad. In this method the fees can vary based on the exchange rates live at the time of sending money.
6) Pay via Foreign exchange company :
If you often send money overseas and the amount is high then this is the highly recommended option. There are Foreign exchange companies offering services to transfer money abroad. Such companies provide you the best rates for foreign currency exchange. You must have a valid bank account before opting for this way to send money abroad. Such companies transfers money in seconds and doesn't charge any commission fee and there are no hidden charges involved. They provide 24/7 online and phone customer support to resolve any query in regard to foreign currency exchange.
Whichever way you select to send money abroad, the major thing you must ensure is the company should not be scam or fraud. It should be reputed to offer you the security of your fund.
1) Western Union :
It is world renowned money transfer services using which you can send money to any location of the world. Company is having many branches across the globe and conumer can also make the electronic wire transfer over the internet or Phone. If the sender has transferred using this service then it takes one working day to deliver the money in recipient's bank account. It is one of the reliable, fast and secure method of overseas money transfer. The company charges some amount based on the size of the money you transfer.
2) MoneyGram :
MoneyGram is considered as one of the largest and capable providers of money orders. It is known for its excellent customer service which reduces the money order accidents. It has more than 100,000 officies worldwide. The major services offered by MoneyGram are Wire transfers, money orders and direct overseas money transfer. It also offers the latest technology with high performance internet online based payment services. This services are not for free, you need to pay fees for them which seems high for less amount transactions.
3) Wire transfer or bank drafts :
When you send money through draft it is not mandatory to have a bank account but you will be charged more if you are sending a draft from the bank where you do not have any account. In wire transfer or bank drafts the recipient must have a valid bank account.
4) Pay in cash :
This is one of the easiest method of transferring money abroad but you will be charged more in this method. However, the service is quick in nature. One has to meet the agent and provide the recipients's details and agent will transfer the money by electronic means which will not take more than few minutes.
5) Online payment through debit or credit card :
One can easily receive or send money overseas using the visa and master cards. You will get the excellent rates and it is really a quick way to transfer money abroad. In this method the fees can vary based on the exchange rates live at the time of sending money.
6) Pay via Foreign exchange company :
If you often send money overseas and the amount is high then this is the highly recommended option. There are Foreign exchange companies offering services to transfer money abroad. Such companies provide you the best rates for foreign currency exchange. You must have a valid bank account before opting for this way to send money abroad. Such companies transfers money in seconds and doesn't charge any commission fee and there are no hidden charges involved. They provide 24/7 online and phone customer support to resolve any query in regard to foreign currency exchange.
Whichever way you select to send money abroad, the major thing you must ensure is the company should not be scam or fraud. It should be reputed to offer you the security of your fund.
