Sending money overseas can be quite a common activity that many of us have to carry out. However, in various situations, it is not as simple as it might sound. There are several factors that might have to be considered including service fees, exchange rates, mode of transfer, the time required for the recipient getting the money and so more.
Are you considering to send money overseas online? While there might be several services that claim to be offering the money transfer facility to abroad, there are a few that are highly reliable and better in services than the others. Therefore, if you are on the lookout of transferring money overseas, then you can achieve the same with much ease in the following ways:
- Online Payment Services: Today is the world of the Internet and everything has become online. Therefore, even transferring money overseas can be done with much ease and at an instant with the help of reliable and effective online payment services. The best part about the online payment services is that money transfer can be done with much ease in the comfort of one’s home over the laptop or desktop computer. There are several online apps as well that offers the ease of making the transfer with one click from one’s Smartphone.
One of the best online payment services for sending money overseas is the Paypal that enables the sending of money in a convenient manner. With the help of Paypal, one can send money overseas online, to as many as 190 countries through 20 different currencies. The best part about using Paypal to transfer the money is that there are no hidden or extra fees in addition to the initial fees along with the exchange rate. For sending the money, you just need to provide the mobile number or the email address of the recipient. Paypal also allows the sender to preview the exchange as well as conversion rates before sending the money such that one is aware of the exact amount one is spending.
- Money Transfer Operators: These are usually the organizations or companies with various ground locations. These companies specialize in the quick transfer of money for the clients from one country to another. A money transfer operator is considered to be ideal if one needs to send or transfer money across international boundaries quickly. These operators offer both online as well as offline services through various offices & branches around the world.
Western Union is one such reliable name in the money transfer operator internationally. It is a worldwide service that has more than 4000 locations across the world through which one can send the money overseas. With the help of Western Union, one can send or transfer funds through the online website, at some location, with the help of online banking and even mobile apps.
- Bank Wire Transfers (International): If you need to send or transfer money overseas, then another lucrative option is to use the bank wire. This process can be carried out online or even offline mode in person. The bank wire is the form of electronic money transfer from one bank to another, located in different countries. For sending a bank wire transfer, there are certain details that need to be given like the name of the recipients, branch number of the bank, transit number as well as the account number of the particular bank. There is also a particular form that needs to be filled out whether you are choosing the online or offline mode of transfer.
The best feature of this kind of overseas money transfer is that one can send larger amounts of money in an instant. The money transfer process is highly secure and reliable as the banks are involved in the transfer. Moreover, there is no risk of potential hackers or fraudulent organizations breaching the transactions during the bank wire transfer. It is highly convenient to send the money from one’s bank to the bank of the recipient. The overall transfer is entirely safe with the money covered under certain banking laws.