Making an international transfer is something anyone who has relatives living abroad is used to. However, it is important to understand a few details that may help you to save money when making an international transfer.
Sending money abroad is always something scary — but, nowadays, it is possible to make a reliable, transparent, and fast transfer, so you don’t have to keep worrying about where your money is.
In order to help you, here is everything you need to know about international transfers!
How can I make an international money transfer?
The internet had made a lot of things in our life easier, and this also applies to international transfers. Today, you can send money abroad through the internet, using an online platform built exclusively for this.
It is quite easy: all you need to do is download an app and register for free. Usually, the transfer is completed within hours or even minutes[1], depending on how you wish the recipient to receive the money. This brings us to the next question.
[1] Funds may be delayed or services unavailable based on certain transaction conditions, including amount sent, destination country, currency availability, regulatory issues, identification requirements, Agent location hours, differences in time zones, or selection of delayed options.
Does the recipient need to have a bank account?
The answer is no, the recipient doesn’t necessarily need to have an account in the destination country. Some online platforms, like Western Union, allow you to send the money to an authorized agent location where the recipient can withdraw the money in cash. But, of course, if you prefer, you can send it directly to the recipient’s bank account.
How can I pay for my international money transfer?
There are two options for you to choose from regarding how to pay for your international money transfer: first, you can pay it online, making an online transfer; and second, you can go to a authorized agent location and pay for it in cash. This way you can choose the option that best suits your needs.
Where can I send money to?
Pretty much anywhere in the world! Western Union’s app, for instance, allows you to send money to more than 200 countries and territories. All you need to do is select the country where the recipient lives, then select how much money in your own currency you want to send.
And one last bonus tip: when choosing an online app to make your international money transfer, make sure to select a reliable business, that offers you a complete transparent process, allowing you to check the status of your transfer in real-time.
Do you want to try it now? Download Western Union’s app on your smartphone and simulate your international money transfer!
