Nowadays affordable and ideal way of sending international money are through international money transfer companies which save a lot on transaction fees.
If you are first time making your international money transfer from overseas money Transfer Company there are few things you should know before making transaction. There are various factors that can make difference in the transaction but since Money transfer companies provide complete transparency before transaction it helps to know the details in every aspect.
6 things to know before Making International Money transfer
Fx rates: Fx rates plays important roles as it affects the final amount your recipient will receive. Every money transferring company will mostly have difference in their fx rates, you can always check FX rates before proceeding with the transaction.
Transaction Fees : There is very small amount of transaction fees applicable on the amount you send, it is quiet low compared to the bank charges. You can always check and compare the transaction fees before sending the payments.
Period : It normally takes 2 -3 days to send the amount and some money transferring companies also send within 24 hours. You can check within how many days recipient will receive the amount and choose the money transferring company on basis of your urgency.
Recipient Amount : Money transferring company provides you with detail how much exact amount the recipient will receive after deduction of fx rates or any other charges, then you can make the adjustment in the sending amount accordingly.
Customer Care Support : Customer Care support is the most important thing to help you guide create your account and assist in approving your account. The professional customer support can provide you with details on status of the transaction.
Cancelation Policy : Before sending money abroad you should also check if the policy on cancelation of transaction and within how many day you can initiate to cancel the transaction if required.
There are various benefits when you take out some time and research on money transferring company process and check the reviews of the customer or provided on the internet. It will ensure to help you get through money transferring process smoothly and save you from some of the unwanted situation that can cause delay or deal with unknown reason of difference in the sent amount.