Global connectedness and social networking have transformed everything from communication to an instant online money transfer to your family from overseas. The emerging modern system provides one of the most significant ways to transfer money, such as remittances sent via mobile apps. However, the quest for new and quick ways of sending money hasn’t gone away.
People often fall into traps considering different means of money transfer without verification of remittance firm credibility in times of emergency. It is important to note that there are scammers who trick people into making transfers, and they are duped into sending money.
Time constraints, urgent need for money transfer to family, or lack of information lead people to harmful situations. Therefore, we are here to help your outlook for quick ways of transforming money without being trapped by scammers.
Multiple Ways to send money internationally
There are different ways to transfer money overseas. People choose a transfer system depending on value, security, and speed. A few of the most common methods include;
Bank – Bank transfer
In this payment type, both the sender and receiver must have a bank account. You can instruct your bank to send money to the recipient’s bank. However, this payment type is expensive, as the banks charge more for transactions. Therefore, overseas workers do not prefer this payment system to transfer money to their families. As it’s a routine activity and also for overseas workers, every penny is worth saving.
Digital banking services
Digital banking is a transformation in the banking system. You can use the online system to transfer money, such as ATMs and computers, making it easier to access bank accounts to send money. This system is also known as Neo banks. Charges are also high in this type of payment as banks are involved in this type of payment.
International wire transfer
In this wire transfer payment type, the amount is transferred either to the bank or mobile for cash collection.
Multi-currency debit card
Visa or Mastered cards allow international transactions via bank transfer. With your Mastercard, you can send money from overseas.
International transfer service
International transfer services are provided by remittance firms that have a partnership with local banks and send money online on your behalf. You can register with these firms; they are a secure, safe, and quick way to send money.
Cryptocurrency
Digital currency, also known as Cryptocurrencies, is emerging as a new form of payment. You can also convert and send money to your local bank. However, cryptocurrencies are not legal in many countries. It will take time for the acceptance of this new form of payment.
Considering the options above, a bank transfer seems convenient, but it is more expensive for international money transfers.
Another best way to consider is a money transfer company, which is a lot cheaper and these companies are specialized and more competitive. Therefore, their focus is on providing services with accuracy and authenticity and offering competitive rates.
Urgency sometimes leads to choosing the wrong service; we recommend taking time and evaluating the services to select the right option.
Choosing the right firm for a Money Transfer
Do not consider endless choices; instead, make the right choice when it comes to sending money to your family. So let’s make it easier for you.
Consider the following factors while choosing a Money Transfer firm;
- Remittance – Cash transfer and mobile wallet
- Online system- technology-based payments
- Information-Rates accuracy and competitiveness
Now let’s discuss the quickest ways that ensure security and affordability.
Remittance firm- quick ways to send money
Remittance firms like ACE Money Transfer provide quick ways to send money overseas through cash payment and mobile wallets. The recipient isn’t even required to have a bank account to receive the money.
In case of urgency, if your recipient doesn’t have a bank account, you do not have to waste time asking to set up a bank account so that you can send money. You can simply invite them to have a mobile wallet or Mobile Top-up and send money to them.
Furthermore, it is a one-time setup, and you sign up for ACE Money Transfer and can use it for the rest of your life. It gives you multiple options to send money to your family, such as bank transfer, cash pick up, and mobile wallet.
It is fast, secure, and economical. Moreover, they give you all the relevant information, such as exchange rates, required documents for signing up, and the transaction cost.
Above all, you can track your transaction and ensure timely receipt of the money in case of cash payment.
Wind up
ACE Money Transfer ensures the fastest delivery through cash payment, bank transfer, and mobile wallet. Moreover, it’s easy to sign up, a competitive fee for the transaction allows tracking of transactions, and the service is available in more than 157 counties.
Furthermore, it is strict with regulations and follows financial conduct authority policies for safe remittance. We recommend you sign up for free to send money to your family back home. Sending money abroad through ACE Money Transfer is completely secure, smooth, fast, and reliable.
