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Other options to transfer money
overseas
S p o n s o r e d L i n k s
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When you need to Send Money , and you've got to do it fast, turn to the
convenience of the Western Union Money Transfer ®
service (based on approval and subject to the hours of operation at the
receiving Agent location). No matter which money
transfer service you choose, you'll find them all reliable and easy -
providing both you and the receiver with peace of mind.
At present, there is quite a growing
numbers of people who migrated to other countries, and almost same
number of individuals opted to work overseas in pursuit of a
more greener pasture in terms of the value of the money they earn as
compared to the money they got while working from their homeland.
As such, there is now a growing demands for money transfer services
where these immigrants and overseas workers will send part of their
hard earned money to relatives and friends in their home countries.
The ability to transfer money overseas is an urgent part of a growing
international business.
Money transfer overseas involves
purchasing of local currency or making a transaction that involves
money using the currency of the receiving country of destination. |
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Send money to friends in need overseas. Fast, with Western Union Money Transfer. |
Various methods that one may choose for
overseas money transfer are now being offered in the industry. An
individual can simply choose any of the following most common modes of sending money
overseas.
Money Order
This transaction
normally involves a Postal Services. Proper identification is required for
money transfer transaction and the cost varies from $10-$20 per
transaction, depending on the amount of money you send. The Post Office
warns that when you designate a
recipient, the name you provide must exactly match the recipient's name as
shown on their ID.
The Postal Services also issues international money orders that can be
sent to recipients in different countries. They are subject to a maximum
fee for each money order. Recipients at banks and post
offices overseas can cash the money orders and get the equivalent local currency.
Secure receipts of your money order transaction, because you can ask the post office to replace lost
or damaged money orders. International money orders valued at up to $700
cost $3.25 each. Most of the banks also sell international money orders, but
usually at a higher price.
Cash or Money Transfer
When you need to Send Money, and you've got to do it fast, turn to the
convenience of the Western Union Money Transfer ®
service.
Millions of Western Union Money Transfer transactions are made annually
around the world. No matter which money transfer service you choose,
you'll find them all reliable and easy - providing both you and the
receiver with peace of mind.
You can also transfer money overseas using their Online Services. You can
send money in just a couple of minutes to an Agent location or, with our
convenient Direct to Bank service, and send money to your receiver's
qualifying bank account.
Using its 1-800-CALL-CASH® number and your credit or debit card, the
convenience of sending money is only a phone call away. Their Customer
Service representatives will assist you with all the details and your
money will be on its way quickly.
The other international money transfer agent is the
MoneyGram.
It has also the ability to transfer your money overseas via online
services. It claims to be cheaper than the other money
transfer service providers, however, its costs may vary depending on the
country and the amount of the international money transfer.
Bank Wire Money TransferFor less urgent money transfer, the other options are
the relatively expensive electronic bank wire money transfer or international banker’s
money drafts. However, these often cost $15 - $45 each, and the banker’s
money drafts need sending by insured post, which eventually adds up to the
cost.
Send Money by Cheque
This mode to transfer money overseas
will take you to days of waiting. Money send thru bank cheque normally
undergo clearing from 45 - 60 days and though it could be very
convenient for the sender to issue a check corresponding to the amount
of money transfer, it may not be easy for the recipient to encash the
check. The recipient may also be charged a fee of about for check
processing.
Online Money TransferAnother way to transfer or send money abroad / overseas, is via internet or
online money transfer transaction using the services of Paypal.
Their online services utilize the sender's and recipient's email
address in sending money, receiving money, and/or requesting money.
How to send money abroad or overseas
Sign up and log-in to PayPal account.
Get verified if you want to send
money from your bank account.
Click the "Send Money" tab.
Enter your recipient's email address and the amount of money you
want to send.
Review your "Send Money" transaction, then send it.
How to request money
Log in to your account.
Click the "Request Money" tab.
Enter your recipient's email address and the amount of money you're
requesting.
Your recipient gets an email and instructions on how to pay you
money.
How to receive money
You will receive an email from PayPal saying you've got a payment
or money transfer.
Sign up or log-in to your account and check the money added
to your account.
You can transfer the money, request a check,
or send the money to someone else.
Or just log in to see the money added to your money's account
balance.
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