Why choose money transfer companies over the bank

Money transferring have become a frequent requirement of people not only people who work abroad want to send money home, but most of the people have to send money to their business associates in abroad or make payment of international staff or freelancers. International money transfer is not just one time equipment and the regularly needs to send money, hence the best solution to send international money transfer is most important to save time and money.

Earlier people only had the option of Bank for overseas money transfer, now there are number of alternate solutions available,  but money transferring service providers are the most preferred option to send money. Even there are various benefits of transferring funds from moneytransferring service providers,, but some people still prefer banks to send money, because they are very familiar with the process even if it is ime consuming and have to pay high transfer fees. Also, they feel their amount is secured when they send money from bank banks. Money transfer companies are provided with an authorized license to send money from the regulatory of the specific countries, that assures your money is secured.


Here are some of the reasons that will help you understand why money transfer services are best compared to over banks.


Transparency: the most important factor that matters to the customers these days are transparency in the transaction, the hidden fee is the main reason people opt for money transfer services over the bank. At Banks, the hidden fees eventually get
applied after the transaction has been made and the fees are deducted from the
recipient’s amount. International  Money transfer companies makes sure to provide no hidden cost money transferring solution with complete details before initiating the transaction. Customers can check on the money transfer company’s website what exact rates will be applied, the amount received will receive. The fees and what amount his recipient will receive. Money transfer companies also provide, with the details on time or days it will take for the recipient to receive the amount. 

Better Currency
The currency rate is the major concern when transferring money internationally, a small change in money transfer rates makes an overall impact on the amount which the recipient will receive.   Money transfer companies makes sure to offer best exchange rates, most of the money transfer providers do not add any extra margin on the currency rates that helps receive best rate in the market. Transfer Money at Low

fees: There is always high fees charged by banks send money overseas which make the sender reduce the amount he is sending to his family or surprisingly due to the high cost charged by the bank it later gets deducted from the recipient’s amount and the recipient do not receive the exact amount which they actually wanted to send him.

 Money transfer companies charge very low fees compared to banks.  They have either very small percent fees or flat amount of fees for limit upto a certain amount you are

sending.  Saving on money transferring rates makes big difference in an overall transaction especially when you send a hiuge amount or you have transfer money overseas frequently.. 

Send Money Instantly:
When you choose to send money from money transfer service providers, you do not have to wait for days or deal with bank holidays and weekends. Once you make a transfer your recipient can get money with hours or just within 2 days. 

You just need aninternet connection for smooth transfer: The money transferring process is very simple you can simply send money if you have access to the internet. As you know not all banks provide easy internet banking solutions.  Once you check the rates and details you can select the money transfer provider and register with them, your account will
get approved instantly after you add your identification details and you are free to transfer money internationally.


Best customer support: Money transfer companies always have a special customer support team in place to assist customers in creating your account and getting account approved, They also help understand the status of transfer which is hard to receive any support from the bank on the phone or email mentioning the transfer details unless you visit the bank.  When it is about hard earned money you send best customer support is always needed to keep you updated on the status of the transfer.


Discount and Promotions: money transfer services always offer their clients a great discount offer that can be applied in the transaction and it makes your money transferring fees more lower. you can either get a coupon discount offer or also on the holiday season. 

Hence the customer has made money transferring service providers their first choice over banks.