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MONEY TRANSFER INFORMATION
Need to make smaller international transfers? Find out how to make cheap transfers in the information sheet below.
What is a Money Transfer Service?
If you need to make one-off or regular small transfer to any location in the world then a money transfer service can offer one of the cheapest and fastest methods of going about this. For larger foreign currency transfers of around $3,000 and above you might consider a foreign exchange brokerage service.
How To Make a Transfer
Making a transfer is really easy but alters according to which service you use. You can choose from:
- Online transfer (email to email or online account)
- Bank-to-bank transfer
- Walk-in branch transfer
Online transfer companies usually offer the most competitive rates and the transfer can take place in seconds. Sometimes they can arrange for bank-to-bank transfer or branch pick-up which is great if your recipient is unable to access the internet. Use our comparison area to browse the options available to you.
Which Method is Right for Me?
Choose the method that suits you and your recipient. For instance you might have easy access to the internet but if your recipient doesn't, then an online account transfer is not useful. Fortunately you can find walk-in transfer companies in most towns.
Is it Safe?
Security is a very important factor for anyone who wishes to send money around the globe. Generally you will note that money transfer companies have strict codes of practice in place and may be regulated by state or federal laws. They usually have anti-money laundering monitoring in place.
To be able to carry out a transfer – regardless of which type (walk-in or online) you will need to be able to identify yourself, as will the recipient. Before signing up for a money transfer, ensure you check a company thoroughly and if in any doubt, avoid them.
Please Note: www.whichwaytopayusa.com is not authorised to give advice under provincial and federal regulations.
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