Complete guide to international transfers
Everything you need to know about sending money abroad safely and affordably
Sending money internationally can seem daunting, but it doesn't have to be. This comprehensive guide covers everything from choosing the right service to understanding fees, exchange rates, and security measures.
Understanding Fees and Exchange Rates
The true cost of a transfer includes both the transfer fee and the exchange rate markup. Some providers advertise low fees but make up for it with poor exchange rates. Always calculate the total amount your recipient will receive.
How Long Do Transfers Take?
Transfer speed depends on the payment method, destination country, and whether the transfer is made during banking hours. Bank transfers typically take 1-3 business days, while some corridors offer instant transfers.
Staying Safe and Secure
Always use regulated money transfer providers. Check that they're licensed by relevant financial authorities. Never send money to someone you don't know, and be wary of requests to use money transfer services for purchases.
International money transfers are simpler and more affordable than ever. By understanding the basics and choosing the right provider, you can send money globally with confidence.