If you’ve ever been stuck with trying to send money abroad, you know it can be frustrating. But this guide will do everything from helping you choose the best app for your needs to how to make a quick wire transfer with your debit card to send money abroad.
Money Transfer Apps: The Modern Remittance Solution
So, you’re looking to send money abroad. Perhaps your relative has recently passed away, and you want to send some of the money gathered from friends and family to their grandchildren
In this regard, there are many companies out there that will allow you to send money quickly. With a little bit of research before you begin, you can end up with a faster and more secure service. It will be of great importance to choose the most appropriate means to send money abroad.
Most of us live our lives in fairly regular order. We wake up, get ready for work, go to work, and get home. It’s all very routine for most people out there. It’s not always this way, though.
If you want to send money abroad, you need to do it within the means of your routine, or you’ll end up facing some big problems. It’s quite surprising to many that more money gets sent overseas than it actually should.
One of the payment service providers (PSP) in the UK is TransferWise. It has been around since 2011 and has grown considerably over the years. This means that it’s a trustworthy company, which means you won’t be disappointed. If you want to send money abroad, using TransferWise is the way to go.
How Do Mobile Money Transfers Work?
A send money app like Western Union makes transfers simple and easy. You sign up for the service and choose the amount you want to transfer. The funds will be sent directly into the bank account of your recipient.
When it comes down to it, there are a lot more reasons why you should send money abroad using a mobile app. You’re more than likely to get your money in a day or two rather than having them tell you that it’ll be delayed.
If you ever want to check up on the status of your money transfers, then this is a great alternative. You can use your mobile app while you’re on the go and be one step ahead of what is going on with your transfer. People must be able to track their transfers, so you’re able to check the status of the transfer on their app.
Benefits Of Using a Mobile Money Transfer Service
1. Mobile Money Transfers Are Quick
There are several benefits of using a mobile app for sending money abroad. The first of which is that it’s quick. You won’t be waiting days for the money to get to its destination. If you’re sending the money overseas, the funds will get there within 24 hours.
2. You Can’t Hurt Your Bank Account
The money you transfer will not be going through your bank. It will go to the accounts of the recipient. All you have to do is make sure that the recipient has a bank account with TransferWise. The money will appear in a few days.
3. You are in Control of Your Money
You’re able to choose how much you want to transfer and when. You’re in complete control of the process, and your money will be transferred within a few days. You’ll always have access to your money.
4. Get Rid of the Hidden Costs
The hidden costs that you might find with other companies aren’t present when sending money abroad using a mobile app. There are no additional fees or charges that come with it.
5. You Get to Choose Your Currency
Most companies will use the currency of the country that you’re sending it to. Not with a mobile company, though. You get to pick what currency you want it sent in.
6. Security is Key
There are companies out there that don’t secure your money or data, but it’s not a problem if you choose a mobile app service like TransferWise. They protect your information so that it doesn’t get stolen.
7. Transferring Money Abroad is Quick and Easy
You’re able to send the money from your mobile app, which makes it quick and easy. You don’t have to wait for a bank transfer or anything like that.
How can family and friends sign up for mobile money?
To sign up for mobile money, create an account with TransferWise. Once you have the details, your money can then be sent to anyone in the world. You’re able to do this via SMS, email, or by phone.
Mobile money transfers are quickly becoming one of the most popular ways of sending money abroad. If you’re looking to spend some money on a relative, this is the best way to do it. There are no hidden costs, and it will be done within a day or two.
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