Transferring money to another country and into a foreign bank account used to be super complicated, long and just downright painful.
Luckily, with us living the 21st century life with all its bells and whistles, the process of sending money to a relative or friend that lives in a far away land is as simple as few clicks.
Transfer Money Abroad
Below are FIVE easy ways for you to send money to your friends and family abroad!
First on the list is Transferwise.
I put these guys first as I always use them and the experience with them has always been awesome.
You simply visit the site, decide how you want to send money, and complete the easy steps.
The rates you receive are really the exact market rates, and there’s just a small fee per transaction.
You can use your debit card or credit card, or you can apply for the Transferwise card.
Lastly, you can track your money. So you know exactly when it arrives at its destination.
Exchange4free is another good site to use.
Unfortunately, they only accept credit cards or bank transfers.
You can send money to over 100 countries worldwide, with no transfer fees.
If Transferwise doesn’t do the job for you, then give these guys a try.
Moneygram is quite a cool platform, with them having physical locations. They have various ways of sending money, such as:
- With their app
- And with cash
Simply create an account, and get going! They have a money tracker too, for you always know where your cash is.
Paypal is something I am sure you have heard of. I personally don’t enjoy them that much, but I have an account with them as certain online transactions can only be done with a Paypal.
You can use your Paypal account and send money to friends and family by simply entering their Paypal email address.
If you own a business or website, you can also create business Paypal accounts for these.
5. Western Union
Probably one which a lot of travellers have used in emergency situations, especially when things go wrong on the road and you need some cash sent your way.
To send money is pretty easy. You simply login and send your money. You then receive a tracking number. This must be given to the recipient, and they use this to collect their cash.
The nice thing about Western Union is that recipients can also collect their cash physically in store. They just need to bring an ID document, together with their tracking number.