In the past, sending money abroad was a tedious and time-consuming process. You had to find someone that would wire you funds in exchange for your local currency, then convert it back again when they received it, all without any guarantees of success.
The introduction of online banking has made this process much easier. Now people can use their bank accounts to send money abroad at very competitive rates with minimal fuss.
To find the best international money transfer provider, you should carry some research. There are many different providers out there, so it’s important to compare them properly before deciding.
You can start by looking at their rates and fees on your particular transaction. These will vary depending on the amount that is being transferred. You should also check how long the funds will take to get into their recipient’s account.
Make sure that you are comfortable with your provider’s terms and conditions, as these can sometimes be quite hefty if not appropriately read before signing up for an agreement. You might find it helpful to look at reviews of different providers online, as this can give you a good idea of their service.
Western Union is one of the oldest and most well-known providers out there. They have been around for over 150 years, so they know what they’re doing when it comes to sending money abroad.
They provide a range of different services such as mobile top-up, ticketing, and bill payments too. In addition to international transfers, they have a range of other services that are useful to ex-pats.
Ria Money Transfer is a good option if you want to transfer money abroad quickly and easily. They’re part of Euronet Worldwide, which means they have over 32 years of experience in the international payments industry. They offer great rates that allow you to send money to Mexico.
MoneyGram International Inc. is another good option if you want to send money abroad quickly and easily. They have over 350,000 locations worldwide, so it’s easy for customers to find a location near them that will accept their payment methods or provide cash pick-up services. They offer competitive rates on all of the different currencies they support, and their fees are very reasonable.
TransferWise Limited is a UK-based international money transfer provider that offers the best exchange rates on their transfers. They pride themselves on transparency and fairness, which means you can see exactly how much your transaction will cost before sending it through them.
They offer great rates but make sure to read their terms and conditions first as these may include fees that you might not be aware of. Their system is easy to use, and they offer free transfers when transferring more than €1000 for the first time, which makes it a good option if you’re looking for something straightforward. You can also make payments through their website or app, so there’s no need to visit your bank in person or on the phone.