There are many reasons why people send money overseas. Just a few include:
- Buying and selling property overseas
- Making mortgage payments on overseas property
- Paying international suppliers
- Planning an overseas wedding
- Supporting a friend or family member living abroad
No matter what your reason for sending money overseas, it can be nerve wracking. That definitely used to be the case in the past when sending money meant sending envelopes stuffed with cash and checks, but that’s not the case today.
When you use a money transfer service, you never have to worry about whether or not your money will make it to its final destination.
Fees are Clear
One worry is how much the transfer is going to cost. You don’t want to process a transfer, only to discover it costs a lot more than you thought it would.
Today, you can lock in a great rate when you use a money transfer service. There is a lot of competition, so money transfer services are always offering low, upfront rates. For example, when you send money overseas to someone in Guatemala, your transfer could cost as little as $0.99.
You Can Lock in a Great Rate
It’s not just fees you have to worry about. You have to worry about getting a good transfer rate too.
Not only does competition drive down fees, it also ensures money transfer services offer the best rates.
The internet has also made it easy to make sure you’re getting a good rate. You can check the current exchange rate before you transfer your money to ensure you use a transfer service with an honest, accurate rate.
You Can Track the Transfer
You track your spending closely to make sure you stay within your budget, so it makes sense that you would want to track your transfer closely. After all, you want to make sure your money makes it to its final destination!
Money transfer services make it easier than ever to track your transfer. You’ll know exactly where your money is, up to the minute, and you’ll know exactly when it has arrived at its final destination. Many services also offer transfers that are completed almost instantly, so you can worry even less.
You Can Use Multiple Accounts
Long gone are the days of keeping all your money under the mattress in the bedroom. Today, you likely have quite a few different cash accounts. That means you might be able to afford a transfer with one account, but not another.
Today’s money transfer services allow you to send money from different accounts. You can pay with a bank account or you can pay with a debit card. That way, you can make sure you don’t overdraw your account transferring money.
With today’s technological advancements, there’s no reason to worry about sending money overseas! Whether you’re making a payment or you’re supporting a family member who is studying abroad, you can send as much, or as little, money as you want with confidence.